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We have labour-saving technology though. Automation leads to higher productivity, so those fewer people can earn more and spend more. The economy will do just
by _vbnz 4y ago
We have labour-saving technology though.
Automation leads to higher productivity, so those fewer people can earn more and spend more.
The economy will do just fine.
I think it'll be a rocky time though, we're facing a new Industrial Revolution - where the existing capitalists would prefer to drive down wages and destroy trade unions via mass immigration, and ordinary workers want to reverse their worsening standard of living. Brexit was just the start of this, but I think we'll see more radical movements until this is resolved.
- lm28469 4y ago> We have labour-saving technology though. > Automation leads to higher productivity, so those fewer people can earn more and spend more. I can't believe people use that outdated 1900s era argument despite it being proved completely wrong time and time over. It was true at some point but has been wrong since sometime after ww2