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To: TChris
"It doesn't damage the economy in the long run"

Using more robots means that the overall cost of production goes down. This means that products can be sold cheaper to humans who are making less in service sector jobs.

If the world's population settles and then starts to go down a little, this might be OK. More and more robots making cheaper products for fewer low paid humans.

If, however, the population continues to increase for a while, then there will be too many unemployed people not making enough money to buy anything.

Going on the dole will be institutionalized around the world, and not just in places like the UK.

25 posted on 11/13/2012 3:45:05 PM PST by who_would_fardels_bear
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To: who_would_fardels_bear
If the world's population settles and then starts to go down a little, this might be OK. More and more robots making cheaper products for fewer low paid humans.

If, however, the population continues to increase for a while, then there will be too many unemployed people not making enough money to buy anything.

Nah.

That certainly hasn't been the case with all the machines put to work since the dawn of the industrial age up until now. They have increased the standard of living across the board! So why would it be any different in the future?

More machines = greater efficiency = lower costs = lower prices = greater wealth (more output from less human work). This is basic capitalism here. It has increased wealth for all, and that rising water has clearly lifted all industrialized ships.

28 posted on 11/13/2012 4:00:06 PM PST by TChris ("Hello", the politician lied.)
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