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Right, but the robots displace jobs to the point where only 1/4 of the amount of people can actually afford to buy your widget, your profit will fall. (Obvious
by soundwave106 10y ago
Right, but the robots displace jobs to the point where only 1/4 of the amount of people can actually afford to buy your widget, your profit will fall.
(Obviously, if jobs merely shift, as has happened in previous technological disruptions, this scenario isn't a problem.)
- euyyn 10y agoUsually there's much much more people buying any given thing than people producing it.