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What's the point of automating all that work, if those billions of unemployed will then be too poor to buy your product/service? If that really happens we get
by huuhee3 4y ago
What's the point of automating all that work, if those billions of unemployed will then be too poor to buy your product/service?
If that really happens we get universal basic income, or massive government employment programs. Otherwise the economy collapses and the ultra rich lose money.
- pixl97 4y agoYou're thinking way too far ahead for a capitalist. There are countless people that wouldn't mind having a big piece of a small pie, rather than a small piece of a big pie, even if the total mass of the small piece was much higher. Also, it's game theory, if you move to automate all the work, you'll get super rich in the meantime, and if you don't move to automate all the work, someone else will move to automate all the work and you'll lose.