4 ms·
Automation of human labor is the single biggest cause of prosperity. Its not a new process and robotics isn't doing anything radically different. Nor will the
by stretchwithme 10y ago
Automation of human labor is the single biggest cause of prosperity. Its not a new process and robotics isn't doing anything radically different.
Nor will the supply of jobs dry up because of automation. There will continue to be a demand for what humans can do and a supply of humans that want to work. As long as prices are allowed to adjust so that supply and demand tend to equalize, there will be a labor market.
The real problem is interference in this marketplace, interference in people's ability to sell their labor.