We sit home, watch tv, eat bon-bons, ask people to take care of us....pretty much of what is going on today....
They go on the Welfare
That is, until their value to the 4th Reich evaporates...
Automation has been replacing workers, not Nafta. US manufacturing output is higher than it has ever been, it just takes a lot fewer workers to do it...
Automation has been replacing workers, not Nafta. US manufacturing output is higher than it has ever been, it just takes a lot fewer workers to do it...
Easy. Export them to Mexico.
Personally, I welcome our robot overlords.
They get everything free, paid for by the only people still working: Indians and non-Americans in H1b visas.
What follows? WWIII.
As with anything, the cost of robotics will eventually fall. Wouldn’t surprise me to eventually see robots making robots.
Consequently, the labor component of the cost to produce many goods will also fall - and eventually (if not tinkered with) the price of those goods to the consumer will fall too.
If it weren’t for the value of the dollar continuing to fall due to government manipulation, we might see an overall deflation of prices after the “robot revolution”. Or the amount of deflation might be enough to match the inflation due to the fed.
It’s possible that the cost of living could drop enough that some people wouldn’t have to work as much, so more people could then work those remaining jobs that require humans. Or maybe not.
It’s a near certainty that, eventually, robotics will change the economy in foreseeable and unforeseeable ways, much as the computer and Internet revolutions have.
Still a bit too early to welcome our robot overlords though...
Soylent green?
They will have negative economic value. And what happens then? They will disappear, as will many other people. The remaining people will be genetically engineered superior beings.
Low skilled workers have largely already been replaced by low wage workers in third world countries.
Agenda 21 is aimed at massive depopulation. One way or another. If the riffraff serve no purpse, who needs ‘em?
Difficult as it is we need to have some faith in the human spirit.
There was much dislocation when humanity shifted from an agrarian to an industrial economy. Many clothing workers were left redundant when automation caught on. Farriers were left behind with the advent of the automobile. I do not think anyone could say that the life circumstances of the average person have not been improved in terms of opportunity, and access to goods and services.
It may be a blessing in disguise. With machines able to do more complex tasks the real thing that humans will have to sell is their brain power. If economic realities reinforce the need to improve concentration and develop logical thinking to suceed we could see a revitalization of our culture. Perhaps not in the present generation but in coming ones.
The people replaced by robots will go to work for the “government” in make-work jobs. As many already do now.
How many displaced low skilled workers would there actually be without our millions of illegals?
Childcare, elder care and servants become very cheap and much more popular, because of the low price and even moral imperative to employ others if you can afford to do so.
All the skilled trades that are too complex to be automated will become more popular as a job choice, because you can’t outsource your wiring or plumbing repair to a guy in India or have it done by someone who just walked across the border.
We’ll see a lot more civic works projects to repair buildings, re-plant hills and so forth to keep people busy.
it will just be an accelerator to the path we’re on now where labor participation rate will continue to drop. eventually almost no one will work, labor costs will be zero, corporations will pay incredibly high tax rates rather than labor costs but the money will find its way to the same people (now out of work). those payments from the gubmint will be used by consumers to pay for goods and keep the cycle going. so in a nut shell we will all just be welfare queens eventually.