Stephen Moore was on Glenn Beck yesterday. He’s invested in a company that will build homes with robots, which he expects to dramatically cut the cost of new homes. But when no one has a job, who will be able to buy?
The problem is, places with ‘affordable’ homes, will most likely be crime-ridden. Our cultural rot is a big reason for high housing costs, people are willing to pay more to not live in a crime-infested hellhole.
No one cared about unemployment when factories were offshored and entire communities died.
“He’s invested in a company that will build homes with robots, which he expects to dramatically cut the cost of new homes. But when no one has a job, who will be able to buy?”
They need the robots to replace the illegals.
It seems to me at least that every time we as a country have replaced labor sources to reduce “costs”, “prices” don’t seem to follow. Then the population is stuck with ever increasing prices while wages stagnate. Now we are in a pickle because to bring labor back will increase “costs”, and we can’t have “prices” not following that increase. It’s not impossible to reverse this trend, but the majority can’t see past tomorrow.
We don't need jobs. What we do need are the things that are created by jobs. If machines can do it better, safer, and cheaper than people, we'll all be better off in the long run.