I believe automation will produce an abundant supply of material goods — that is: wealth.
I believe many humans will find that their labor will no longer be required by society — we don’t need everyone to be a robot technician.
I believe we will live in a post-scarcity society in which people have time and their hands, and plenty of “stuff”.
I’m not sure human society will handle it well when almost everyone has idle hands.
Wow, you’re really pushing a positive outlook for that scenario. IN reality society will likely resemble something closer to “The Purge” than anything else.
But I am probably being too bleak about it.
How are these people making disposable income?
I’m glad I’m in automation.
You’ve described a capital-intensive and technological society.
Indeed we are well on this path, so it can be seen already.
But you are missing some points. Given a natural tendency towards hierarchies, a huge activist government and its regulatory power creating winners and losers, and above all, printed, cheap money at very low rates for those closest to our central bank and government - and we are seeing some huge distortions.
“I believe we will live in a post-scarcity society in which people have time and their hands, and plenty of “stuff”.”
Sounds like trouble to me.
We’re not handling it well now look at the welfare bums laying around producing offspring and doing drugs oh please yeah we need robots ha we need these jerks to get off their behinds go to work maybe sweeping the streets for openers
“I’m not sure human society will handle it well when almost everyone has idle hands.”
Think of all the books you could read, music you could listen to, woodworking projects you could do, cooking you could learn, hobbies you could work on, learn to play the piano. But you are right (sigh)
It will be interesting to see what happens.