4 ms·
Who will buy the burgers? This point seems so obvious, it's almost an axiom - if (unemployment >= 0.5) { sales = sales * 0.5; } People point to previo
by ianmcgowan 10y ago
Who will buy the burgers? This point seems so obvious, it's almost an axiom -
if (unemployment >= 0.5) {
sales = sales * 0.5;
}
People point to previous paradigm shifts and "mass unemployment didn't happen then". But what if this time is different?
For what is a man profited, if he shall gain the whole world, and lose his own soul? Is it better to be the CEO of McDonalds in a post-scarcity world with UBI (paying high marginal tax rates), or the head warlord in your own personal Mogadishu?
- godelski 10y agoAnd you captured a key point in my argument. "What IF this time is different?" That's the concern. It is naive to think that possibility doesn't exist. And if that possibility exists we should investigate and prepare for that possible future. That future doesn't happen, wasted some time preparing (but learned some stuff along the way). But if that future happens you smooth the transition.