2 ms·
it may take time of adjustment, but free minimum wage or something similar to that will come. as there are couple of side effect of automation. one, it will red
by iamgopal 10y ago
it may take time of adjustment, but free minimum wage or something similar to that will come. as there are couple of side effect of automation. one, it will reduce the price, so you can still buy same thing for lower money. second, if people do not have job, they do not have money, they can not afford higher price good, so goods price needs to be reduce. ideally, for any consumption of any kind, economy will balance out eventually. ( i.e. sum of all people consuming all of goods, energy or other resource = all goods, energy other resource produce. ) kind of second law of therm. for economics. so because low wage people spending less money = no point of producing tons of automatically manufactured goods for which nobody going to pay. )
- ithinkinstereo 10y agoI'm hopefully that things will eventually work out as you outline, but I'm afraid that an entire generation (at least) will be lost in the transition.