3 ms·
Regarding economics, this has been brought up about automation for many decades now. Humans adapt, adjust and productivity output increases to even higher leve
by Shocka1 3y ago
Regarding economics, this has been brought up about automation for many decades now. Humans adapt, adjust and productivity output increases to even higher levels.
Yes, it may harm certain professions, careers and people, but the only option is to accept and adapt. We can talk all day and night about how sad and unfair this is, but unfortunately there is nothing stopping such technological advancements.
Though a little blunt at times, the libertarian economist and journalist Henry Hazlitt talks about this in great detail in his book, Economics in One Lesson, which I highly recommend to anyone no matter what belief system. He also wrote many essays on it, including one I'll share here:
https://fee.org/articles/the-curse-of-machinery/ https://fee.org/articles/the-curse-of-machinery/