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The reality is that humans consume a fixed amount of resources and have a variety of jobs that produce value. That is not the reality at all. People in indust
by rmah 6y ago
The reality is that humans consume a fixed amount of resources and have a variety of jobs that produce value.
That is not the reality at all. People in industrialized economies today have, on average, vastly higher standards of living and thus consume vastly more resources than in centuries past.
While a typical person 100 years ago may have been happy with 2 or 3 pairs of shoes, a half dozen changes of cloths, a bicycle and a radio. A person of similar socio-economic status today has a dozen pairs of shoes, a hundred articles of clothing, a car, a tv, multiple radios, a mobile phone, etc, etc. This massive increase in physical possessions for the same (or less) labor output is due in large part to automation increasing the overall efficiency of dozens of industries.
What the "automation will take all our jobs" and "UBI for everyone" proponents seem to fail to realize --just as people who espoused similar views in 1910 failed to realize -- is that there is no limit to human desires. People can never have enough. People will always want more and better. Because people don't measure their wealth in absolute terms, but rather terms relative to those around them.
Thus, even with increased automation, the increased demand will help to provide more employment (if in somewhat different jobs). This has all happened before and will happen again.