I don’t understand how business will think they will get ahead if there are no jobs no one can buy their products? Law of supply and demand right?
Probably because it is all relative, manufacturing/retail costs will go way down and there will always be consumers with some money.
It is not a zero sum game. With any technical advance there is always winners and losers. For the stupid and unskilled workers the future is always bleak.
They will just sell their products (as they already manufacture them) where the majority of consumers are: Asia.
This article indicates it is unusual that small businesses are looking at automating; it is probably most urgent for them (with less leeway to run inefficiently before shutting down).
There will be people who will do something useful in the future economy. And then there will be those who produce nothing of use, and who will want to spawn offspring who will also produce nothing of use.
The only way for the first category to survive will be to minimize the numbers of the second category. Hopefully it won't need to be accomplished by the violent extermination of the unproductive.
I don’t understand how business will think they will get ahead if there are no jobs no one can buy their products? Law of supply and demand right?
But it is common in business. If you DON’T adopt the tech, you are out of business, if you DO you MIGHT be out of business.