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Exactly. So what happens when the amount they're willing to pay is much lower than what it costs to live? If the robo lawnmowers will cut grass (and the occasio
by ForHackernews 3y ago
Exactly. So what happens when the amount they're willing to pay is much lower than what it costs to live? If the robo lawnmowers will cut grass (and the occasional hand or foot) for $1/hour, what happens to the people who work as landscapers? Maybe you could argue they'll shift higher up the value chain, designing gardens or planting flowers and we'll all have prettier gardens... but I'm not sure the story of the last 50 years has been a race to the top.
- mensetmanusman 3y agoThe profits have raced to the top, but the net wealth generated has also been massive. This is hopeful because a few gradual policy changes over the decades could keep the wealth creation part and help with the distribution part. You can’t distribute what’s not there.