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In time, this is going to become an increasingly important political consideration for those who are interested in low unemployment. To my mind, the business in
by spinchange 12y ago
In time, this is going to become an increasingly important political consideration for those who are interested in low unemployment. To my mind, the business incentives for automation are inherent to the degree such that automation is basically inevitable. The same can't be said for human labor in a multitude of vocations.
I fully expect someone to come along and tell me government shouldn't give tax preference to obsolete jobs, but if you don't like that, you probably like the idea of paying displaced workers basic income assistance for no labor output even less.