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Very true, but still not a great place to be. Whether the boogeymen are robots or chinese workers, not having a market for manufacturing labor is a bad positio
by jbooth 16y ago
Very true, but still not a great place to be. Whether the boogeymen are robots or chinese workers, not having a market for manufacturing labor is a bad position for an economy.
- dstorrs 16y agoSerious question: why? I understand an economy that does not produce any of its own goods is in a jam -- it's an external critical dependency that can be wielded like a club against you. But if you have adequate internal production, what does it matter if it's done by humans, robots, or hyperintelligent cyborg orangutans? It may take a generation or so, but the people who would have been manufacturing labor will be absorbed into other markets -- or should be, as I understand it.
- jbooth 16y agoShould be? Why? If "absorbed into other markets" means "wal-mart greeter", then that's bad. I'm all about efficiency and won't advocate make-work jobs, but if you don't have a base of demand in the form of a healthy middle class, it's hard to find people to buy the goods that you do manufacture.
- c1sc0 16y agoI'm not sure how that affects the economy, but it certainly is a bad thing for a country. Not everyone can be a white-collar button-pusher; if no labor-based jobs exist anymore you'll make a significant portion of your citizens very unhappy