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> a $10 an hour cab driver Well, for one thing, I don't want anyone in populated parts of the US to live on $10 an hour, not even a cab driver. What happens wh
by BugsJustFindMe 5y ago
> a $10 an hour cab driver
Well, for one thing, I don't want anyone in populated parts of the US to live on $10 an hour, not even a cab driver. What happens when we double that? Cost of living goes up over time, but cost of technology goes down. When do we reach the tipping point? Have we already?
- morpheos137 5y agoNo. Look into. Supply and demand. If wages go up to $20 an hour, then maybe there is general inflation and robotics goes up to $200 an hour. In the world today we have cheap labor and expensive energy. That is why automation is not replacing humans. Look into the history of the British industrial revolution.