To: LMAO
Not necessarily. All that robotic labor could drive the cost of goods down to a level that is insanely cheap.
To: Buckeye McFrog
Yeah..... If you had a job paying decent middle class wages to pay for insanely cheap goods and services.
To: Buckeye McFrog
All that robotic labor could drive the cost of goods down to a level that is insanely cheap.
What happens to "capitalism" when the costs of production approach zero (in other words, when amassing capital is no longer necessary for the production of goods)? Serious question. At some point over the next few decades, that question will be quite relevant. What will be the purpose of currency, when prices start approaching zero (and where the range of goods available for something approaching zero becomes comprehensive)? Money is vitally important when most things you want require it. Money is not so important when most things you want don't require it.
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