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"The top 15 economies in the world are 75% of the world economy. Most are in the West. The growth of the other 25% is not going to help much if these 15 combine
by edblarney 10y ago
"The top 15 economies in the world are 75% of the world economy. Most are in the West. The growth of the other 25% is not going to help much if these 15 combined do not grow more than the efficiency gains from automation."
But they are not most of the population.
We're talking about employment here.
5 billion people 'lives improving dramatically' vs. 2 billion people 'lives improving slowly' is a good equation.
That those 2 billion are 'already wealthy' and a small uptick in their wealth increases the global GDP a little bit more is and odd way of looking at it.
By that measure, we should be focusing on Gates and Zuckerbergs wealth more than anything else!
The 'global GDP' is not the point here.
- xbmcuser 10y agoYou are combining 2 seperate issues automation is going to help in many ways. But there are 2 main kinds of resoure that people use to earn income 1.money 2.labour(mental or physical) More than 99% of the people earn income with the latter so automation will take away the only source of income for most of the world's population. I am personally pro automation as it will solve many of the problems humanity faces today but at the same time see that the way the current capilistic economies work automation is also going to cause huge problems for many countries and the world should be preparing for it.