They sell this on Amazon.com. Please read it and get back to us:
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The cost benefit will be short-lived. Widespread adoption will force many more out of the job market and force more massive increases in social spending, leading to taxation that will take the cost benefit of robotics and then some. It’s not going to be pretty, I don’t see how this can occur without major disruption and dislocation. I’m beginning to understand the Luddites, the bad outweighs the good.
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?
And even if we wanted to, holding back technological development is like holding back the tide.
As a robot repairman, the future is bright. Seriously, nothing has changed, those who worked hard in gaining skills can still sell those skills, while those who screw off and do drugs are unemployable. We used to let hunger be a teacher to the slothful, but now welfare is a high paying line of work. One that kills the very soul of a man...
What if wealth can be created?
The luddites were famous for a zero-sum game.
They were wrong.
/johnny
What this comes down to is that (most) people will fairly soon be irrelevant to the production of good and services. This is the logical result of the productivity curve, in which more goods and services are constantly being produced with less and less human input.
Pretty obviously at some point a LOT of “stuff” will be produced with very little human effort.
IOW, the market economy, based on the efficient allocation of scarce resources, is in the process of eating itself by eliminating scarcity.
One consequence may very well be the expansion of the state to reallocate resources to those who quite simply have no economic demand for any services they’re incapable of providing.
I’m curious if anybody has alternative libertarian ideas for organizing an economy where a smaller and smaller percentage of the people actually contribute.
” I’m beginning to understand the Luddites, the bad outweighs the good.”
And the luddites were wrong. Something llike 90% of people used to be employed by farming just over 100 years ago - today it’s about 3-4%. And we eat better, live better and longer, thanks to what they feared.
Modern day Luddites like their predecessors lack the understanding and imagination to see beyond the immediate cause and effects.
If they were running the world we would still be in the stone age.
They sell this on Amazon.com. Please read it and get back to us:
.
Ah, so someone else has also discovered how capitalism works.
Viva Socialism!
The only way this becomes a short-lived cost benefit is if the job markets are zero-sum. As long as people can imagine their way into new niches in markets, where the rudiments of the business are not completely worked out, then there will be jobs.
Once upon a time the nation was largely agrarian, and we suffered through the industrial revolution. Now, we look at that revolution as the beginning of greatness.