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Certainly automation reduces the numbers of jobs required for production. This has always been the case. This leads to overproduction problems, but the answer
by einhverfr 13y ago
Certainly automation reduces the numbers of jobs required for production. This has always been the case. This leads to overproduction problems, but the answer is always the same:
hire more people in the public sector, and try to bolster consumption further.
It is the growth of the public sector that solves the overproduction crisis, by throttling production. This time is no different.
Taken to its logical conclusion, if all production could be automated, every one of us could work for the government...