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Basic income aside (I really like the idea) I don't agree with the general premise that we will all be automated out of a job. I think it's ignoring a lot of t
by habosa 10y ago
Basic income aside (I really like the idea) I don't agree with the general premise that we will all be automated out of a job. I think it's ignoring a lot of the human qualities that have created the world around us.
In the past ~300 years we've automated more than we could ever have imagined. Our basic needs are produced in massive quantities in factories that rely on humans only for orchestration. Yet we don't work much less than we did in the past (per person or as an economy). We still work 40-50 hours a week, 48-50 weeks a year. So why are we convinced that a life where we don't have to (or choose to) work is right around the corner?
We are underestimating the human desire for novelty and an ever-increasing standard of living. Huge new product categories will spring into existence and we'll discover we suddenly want these new things, really badly. This will create opportunity for labor to meet the demand, just as it always has,
What will change is the distribution of rewards. Each human becomes more and more productive as technology advances as a whole. Look at the market cap of a tech company with 50,000 employees versus an oil or automotive company from 30 years ago. This value is captured by the executives and investors, employee pay is not keeping up with employee value.
- wott 10y ago> We still work 40-50 hours a week, 48-50 weeks a year. There also exist civilised countries.