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> You are just neglecting how cheap labor is around the world You can't globally arbitrage local labor, unless the labor is performed remotely, which the upcom
by delichon 2y ago
> You are just neglecting how cheap labor is around the world
You can't globally arbitrage local labor, unless the labor is performed remotely, which the upcoming humanoid bots won't require much of in the delivery role.
- constantcrying 2y agoNone of my argument has to do with global arbitrage. Local competition with robot labor is enough to drive wages to near zero. Robot labor will first overtake where the greatest economic gain is. All human labor below that skill level will now be pushed down to lower levels. Robot labor costs will be a hard upper limit for human wages for unskilled labor. There will be like 40% of the population in direct competition with robots. Human wages will drop hard and very fast. Thankfully things like package delivery are always cheaper for humans. Again minimum labor cost for humans is like 5 dollars a day. Robots can not compete with that, so the easiest unskilled jobs will remain human.