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> How do we keep economic growth going if our main driver (human capital) is disappearing? The majority of the population does low or unskilled labor. This can
by menzoic 7y ago
> How do we keep economic growth going if our main driver (human capital) is disappearing?
The majority of the population does low or unskilled labor. This can be replaced by machines. Reduced focus on low skill work will also give more time to the individual which could foster more innovation. The future may have less people, but if technology removes the need for basic work, then it could end up that in absolute numbers the relatively small future population could have more advanced human workers than today's population.
- arvinsim 7y agoIn theory, machines should make the everyday man work less. In practice, the one who holds the capital captures the value. The everyday man ends up working the same or even more.