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Whether a human being or a machine is doing a task, value is being created; the overall economy isn't worse off. The issue is value capture -- who derives the
by eldavido 15y ago
Whether a human being or a machine is doing a task, value is being created; the overall economy isn't worse off.
The issue is value capture -- who derives the benefit of this value creation, and how?
If a human being does a job, they're compensated through wages. Machines have owners, which earn income in exchange for the productive output of their machines.
There are a lot of ways to earn income besides having a job. The sooner people realize this, the sooner we'll get beyond this absurd "job creation" mentality around which so much of modern politics revolves.