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I'm not saying that things are necessarily gonna get worse-- just that human work decreasing in relative value creates huge (new!) problems for our current weal
by myrmidon 1y ago
I'm not saying that things are necessarily gonna get worse-- just that human work decreasing in relative value creates huge (new!) problems for our current wealth distribution mechanisms.
Maybe there is an easy way to have our cake and eat it, too (like consistent wealth taxation like the article suggests), but I'm doubtful.
In the past, basically every form of investment used to involve human labor to some degree-- meaning that every rich industrial magnate also automatically created opportunities for zero-net-worth workers/builders/employees.
But when your big investments just become server racks and industrial robots, then you no longer have this balancing mechanism, and you probably need to do something to prevent wealth concentration without bounds (and to guarantee opportunities for "worthless" individuals).