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When the black death killed swathes of Europe's peasants, the survivors were able to demand much better working conditions from their overlords. But I guess tha
by hermitcrab 6y ago
When the black death killed swathes of Europe's peasants, the survivors were able to demand much better working conditions from their overlords. But I guess that is only going to happen with a declining population if there are enough jobs that robots and AI can't do.
- Ericson2314 6y agoWell the key is fighting underconsumption. Automation is a somewhat negative feedback loop in that excess labor reduces the demand for further automation. This is why anything shirt of general A.I.—which economically is automation that spills over from jobs one tries to automate to a significant portion of others—is not revolutionary. So a declining working age population could shrink the economy, and this would be the orthodox economist position which doesn't recognize a structural underconsumption problem. And with underconsumption I think it's a not of a toss-up, but if the underconsumption is prevented, I don't the the demographics will get in the way. tl;dr lock in your UBI before the population peaks.