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Technology used to have a trickle-down effect, but that is no longer true. The difference between the ultra-rich and the middle class has never been close to th
by kaba0 4y ago
Technology used to have a trickle-down effect, but that is no longer true. The difference between the ultra-rich and the middle class has never been close to this pronounced.
People need a job to earn money they can later pour back into the economy which is just supposedly keeps on growing (as if continuous growth could be sustainable). A 100 years ago a village was working hard at harvest, now a GPS-guided combine harvester does the job. Sure, we could made up a few new jobs, but many office jobs never made sense (did we really ever need that many layers of middle-management? Their personnel alltogether are not needed).
Unless some UBI-like system gets implemented, there will be revolts. “Every society is three meals away from anarchy”
- pulvinar 4y agoYes, some say 90 percent of jobs have been replaced by technology in the last 150 years. And why don't we see all those people out of work? Clearly technology has also opened up new fields and freed up more workers to fill the new jobs. For example all computer-related jobs just didn't exist before 1945, and they're certainly not all middle-management jobs. You can say it's different this time, but that's what's been said every time.