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The point is, I don't see that happening. The reverse is happening in the world. The percentage of people in poverty globally is decreasing each year. I still
by munksbeer 1y ago
The point is, I don't see that happening. The reverse is happening in the world. The percentage of people in poverty globally is decreasing each year.
I still fail to see why people think we're going to innovate ourselves into global poverty, it makes no sense.
- darth_avocado 1y agoPoverty is decreasing because innovation is creating more jobs. Everything hinges on the fact that people can earn a living and spend their money to generate more jobs. If AI replaces those jobs you’re going the other way.
- const_cast 1y agoRight, every economic system we've thought up relies on the assumption that everyone works. Or, close to everyone. Capitalism is just as much about consumption as it is production.
- SpicyLemonZest 1y agoClose to everyone doesn't work today. The labor force participation rate is only about 62%.
- const_cast 1y agoLabor force participation rate has increased pretty drastically since 1950. I'd imagine due to better medicine and treatments that allow people to work when they otherwise wouldn't. But, 62% is very high. Keep in mind that number takes into account not only the elderly and disable, but also children. Pretty much everyone who can work is working. We don't want children to be working, that's bad. We should all be on the same page about that.