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What if "putting them out of work" is actually a viable solution? Keynes thought we'd have short work-lives by now, and given the productivity gains in every in
by javajosh 5y ago
What if "putting them out of work" is actually a viable solution? Keynes thought we'd have short work-lives by now, and given the productivity gains in every industry, he should be right. It's not like that because those productivity gains have gone to the owners of industry.
This subject is quite close to home to the HN crowd, since software is capable of replacing a large number of human workers. Not even with AI, just by simplifying and streamlining paperwork-heavy administrative tasks. And yet our industry does nothing to protect the people who's work we displace.
Of course, there is still lots of work to do, even if you don't have a job, taking care of yourself and your family. Plus, if we extend the notion of family, an aging population is going to need lots of labor-intensive help, so that's something else they can do.