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It’s “only” a problem because all societies and economies are built like a pyramid where the bottom (working age people) is always bigger than the top. It seems
by redisman 4y ago
It’s “only” a problem because all societies and economies are built like a pyramid where the bottom (working age people) is always bigger than the top. It seems like inevitably that is going to invert as countries get richer
- soheil 4y agoAre you assuming as societies get richer and more technologically advanced there is less of a need for labor? Hasn't this myth been busted repeatedly over centuries since the Industrial Revolution?
- softcactus 4y agoI think you are conflating two different ideas. The first being that automation destroys jobs, that has been disproven. But automation does increase productivity to the point of one person being able to do the work of ten or a hundred. Meaning that we don't have scarcity the same way we used to. Logically this increase in productivity would lead to a decrease in working hours-- but as the comment you are replying to says, our economy is a pyramid scheme. We aren't able to fully benefit from the increase in productivity because of the pursuit of infinite growth.