Can a fully automated economy support the people within that economy?
ok, but isnt’ automation and roboticization far more rapid now than in the 1990s?
FLT — from what I read, in 1990, Japan was competitive or closing in on Western and U.S. manufacturing/labor productivity levels. By 2004, the U.S.–Japan total factor productivity gap expanded sharply to roughly 79.5%, and recent data shows Japan’s labor productivity is only about 56% to two-thirds of U.S. levels - https://www.tandfonline.com/doi/full/10.1080/09535310701572024
Now i’m no expert on Japan, but when I went there in 2017, they were stuck in the 1990s - they used cash everywhere, and seemed to not be computerized so much (fax machines!).
When I went to Shanghai on a short visit in 2024, it was high-tech and energetic.
i’d like them to decline, as they are moving scary fast, but I didn’t see it myself
Imagine a world where everything is given and no work required. We see how that works within the welfare state and the nepo class.
Without work, sacrifice and delayed gratification people become mush