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There's the problem of who will buy the robot-produced goods (and fund the robot factories), when the large masses earn shit because of being replaced by robots
by batista 15y ago
There's the problem of who will buy the robot-produced goods (and fund the robot factories), when the large masses earn shit because of being replaced by robots.
Henry Ford had a lot to say on this very matter of paying employees well in general.
- jpadkins 15y agowhen goods are produced by robots, goods will be so cheap that people with low wages will be able to purchase those goods. The higher the productivity of economy, the less people have to work. increased productivity helps all of mankind. At infinite productivity, nobody has to work anymore...