4 ms·
It will be interesting to see how more-powerful labour replacements effect these predictions. With the death of Moore's law, perhaps this point is moot, but if
by Moshe_Silnorin 11y ago
It will be interesting to see how more-powerful labour replacements effect these predictions. With the death of Moore's law, perhaps this point is moot, but if we get perfect replacements for intellectual and physical labour, a large population of savers may be ideally placed to benefit from the transition, as perfect mass-produced labour substitutes will likely presage enormous economic growth.
- rm_-rf_slash 11y agoThat large population of savers is largely doing so because houses are extremely expensive and the gender gap is so wide that most (of the few) Chinese women can disregard (the very many) men without property and do so without consequence. So even if this large population of savers were to start spending their money, what are they expected to do with their lives, jack off until they die? I wonder if this point will hit home to Bay Area engineers who live and work mostly among men and can't afford a house without serious pay or a startup buyout.
- Moshe_Silnorin 11y ago>So even if this large population of savers were to start spending their money, what are they expected to do with their lives, jack off until they die? VR girlfriends? A comfortable retirement as the economy expands. There have been far worse fates in history.
- rm_-rf_slash 11y agoI doubt a VR girlfriend would be of much help for the (already) millions of elderly Chinese with dimentia and in need of constant care. http://www.economist.com/news/china/21693241-china-ill-prepared-consequence-ageing-lots-people-dementia-state-minds http://www.economist.com/news/china/21693241-china-ill-prepa...