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Automation requires investment. Recession means less capital for investment. The estimate of $12 dollar meal implies that people would be spending the time they
by ghastmaster 7y ago
Automation requires investment. Recession means less capital for investment. The estimate of $12 dollar meal implies that people would be spending the time they use to cook the meal to work instead. That is idealistic. People generally do not work every waking moment of their lives.
As we get to the bottom of the article we find the real point is to push UBI. When money is created and given to people who do not work, that money becomes worthless. What manufacturer is going to invest in robots to create products for people who have monopoly money?