5 ms·
When this was science fiction it was assumed we could all work less, not fewer people working more for less pay.
by ngold 7y ago
When this was science fiction it was assumed we could all work less, not fewer people working more for less pay.
- tathougies 7y agoThat would require everyone to own a robot, but most people do not have the foresight to purchase one or involve their money in such a thing.
- throwaway2048 7y agoOr you know, millions of dollars.
- tathougies 7y agoI mean, I would broadly agree, but you don't need to have a million dollars to buy shares in a robotics venture. However, I still contend that, even with millions of dollars, most people would not have the foresight to invest. As evidenced by the fact that those who suffer from windfalls of money typically lose it very quickly.
- malandrew 7y agoOr you just invest your income into shares of companies making the robots or investing in robot capex.
- bduerst 7y agoJob demand isn't zero sum, but a function of supply. Idle worker time ends up unlocking new types of jobs that weren't previously possible (usually service related) and people fill them.