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People won’t increase their standard of living by making labor more expensive. This is simply going to accelerate economic momentum towards automatization. And
by ITB 4y ago
People won’t increase their standard of living by making labor more expensive. This is simply going to accelerate economic momentum towards automatization. And silly efforts to try to tax “each” robot as a human, to provide for those displaced also won’t work. We are about to see a generation or two where social stratification will deepen and we won’t have the tools to mitigate it on time. But after that, we’ll reach a new equilibrium, either doing complementary jobs to machines, or moving to a new type of economy, and everything will be ok for future generations. Or the robots will take over, kill us, and carry the torch, which is also okay.