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"$income goes to zero for that particular person at the time they lose their job, yes, but all of their prices for every good that gets automated goes down. "
by s73v3r 12y ago
"$income goes to zero for that particular person at the time they lose their job, yes, but all of their prices for every good that gets automated goes down. "
And what good does that do the people who no longer have any income?
"If we repeatedly make everything cheaper, then a low income doesn't matter."
Where are these people getting any income?
"People wouldn't have to work 40 hours a week, sure, but would everyone just sit around with their thumbs up their butts not knowing how to provide value to others?"
Not everyone, but a majority of people, probably.