As smart as some of these people are.. they could benefit from an Economics class. Robots are great...but when you reduce labor to 0 cost, it will drive the cost of the products / services down as well... which means you have to sell more to maintain sales / profit levels... but.. since everyone is being replaced by computers... there is no one to buy the hamburger or haircut or robot picked lettuce... so while it is neat to think about ... in reality, over the long term... robots are not going to replace everyone. With that said.. we don’t need to be importing a bunch of low skilled labor into this country..because if they are ever not able to eat... they could start burning things... then we lose all the robots...
>As smart as some of these people are.. they could benefit from an Economics class. Robots are great...but when you reduce labor to 0 cost, it will drive the cost of the products / services down as well... which means you have to sell more to maintain sales / profit levels... but.. since everyone is being replaced by computers... there is no one to buy the hamburger or haircut or robot picked lettuce... so while it is neat to think about ... in reality, over the long term... robots are not going to replace everyone. With that said.. we don’t need to be importing a bunch of low skilled labor into this country..because if they are ever not able to eat... they could start burning things... then we lose all the robots...
Funny, you basically just described the book “The Diamond Age” by Neal Stephenson
That doesn’t stop automation. It just results in societal self destruction. That’s one of the appeals of a UBI - it creates consumers out of the jobless. If automation works it could begin ushering is into a post-scarcity society.
I agree! Robots are going to replace only about 99% of everyone. So, I guess that means that this is a fake problem, and we shouldn't devote any more attention to it.
/s
Regards,