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We have less workers - but less workers need less products, so it should balance itself somehow, which it probably does, just on a bigger scale. Suppose we aut
by avmich 3y ago
We have less workers - but less workers need less products, so it should balance itself somehow, which it probably does, just on a bigger scale.
Suppose we automate a lot, and need less workers. In the future we'll either have less people overall - which brings its own issues - or we have more people, which would wonder where are those jobs they can fill. Of course the answer is, those additional jobs will need to be created - but will it actually be a solution? What if jobs are different - and while some produce essential, low-Maslow-level product, those who occupy higher levels may find themselves always chasing somebody to convince him to buy their non-essential product. How _that_ will balance out?
Seems like an interesting question to economists here.