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To: ksen

In the end robots will not eliminate human labor.

In the final analysis robots help bring down the relative cost or relative increase in cost of goods. While a particular factory needs less workers, the goods it makes become more easily available to more people at less cost, or at least at a slower rate of cost increases; profits and capital have other places to go and invest in new businesses and new production; the information-intensive requirements of life become expanded as the labor-intensive requirements decrease; and, over time though not overnight, whole new categories of less labot intensive work come to be needed.

In the end robots will not eliminate human labor as much as they will change what kind of labor is needed.


74 posted on 01/15/2013 1:19:01 PM PST by Wuli (uire)
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To: Wuli

“In the end robots will not eliminate human labor.”

This will not be a problem so long as robots continue to pay their dues to SEIU.


77 posted on 01/15/2013 2:07:10 PM PST by A'elian' nation (Political correctness does not legislate tolerance; it only organizes hatred. Jacques Barzun)
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