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Why do we care about the number of jobs? We use this as a proxy for individual well being, but having a job is not intrinsically valuable. What matters is that
by octodog 5y ago
Why do we care about the number of jobs? We use this as a proxy for individual well being, but having a job is not intrinsically valuable. What matters is that everyone in a society has their needs met.
We should not be optimising the number of jobs but the total output of society, while maintaining an equitable distribution of the said outputs. It may be the case that automation permanently makes some classes of workers unemployed, but with the increased benefits from automation we should still be more than capable of providing for them.
- CyanBird 5y ago> What matters is that everyone in a society has their needs met. Well, if they are not having an income stream then they very well are not having their needs met given that engagement with the economic system for the delivery of needs has as a prerequisite that the individual or entity have a baseline level of monetary spending ability