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> I’m super curious as to whether this technology completely destroys the middle class, or if everyone becomes better off because productivity is going to skyro
by tivert 2y ago
> I’m super curious as to whether this technology completely destroys the middle class, or if everyone becomes better off because productivity is going to skyrocket.
Even if productivity skyrockets, why would anyone assume the dividends would be shared with the "destroy[ed] middle class"?
All indications will be this will end up like the China Shock: "I lost my middle class job, and all I got was the opportunity to buy flimsy pieces of crap from a dollar store." America lacks the ideological foundations for any other result, and the coming economic changes will likely make building those foundations even more difficult if not impossible.
- rohan_ 2y agoBecause access to the financial system was democratized ten years ago
- tivert 2y ago> Because access to the financial system was democratized ten years ago Huh? I'm not sure exactly what you're talking about, but mere "access to the financial system" wouldn't remedy anything, because of inequality, etc. To survive the shock financially, I think one would have to have at least enough capital to be a capitalist.