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When workers' wages are lowered/replaced by a typical welfare program as a result of automation, the workers no longer have the purchasing power to purchase the
by alanwatts 10y ago
When workers' wages are lowered/replaced by a typical welfare program as a result of automation, the workers no longer have the purchasing power to purchase the goods produced by the automation, thus rendering such automation useless.
If prices for the end user do not decrease proportionately with the savings created by automation, the whole point of automation is nullified.