Exactly where are the lower skilled folks supposed to earn money for food and shelter?
I read an article in which a chain is testing robots to stock shelves...I forgot the chain's name. Wendy's admitted to testing robots preparing hamburgers in a restaurant, not in a test restaurant.
“Exactly where are the lower skilled folks supposed to earn money for food and shelter?”
I don’t have an answer for this, but I don’t feel too badly because the best economists don’t have one either. It may be that in the medium-term (dystopian) future, there really will be a “minimum payment” from the government. In reality, we actually have this now, disguised as the network of safety nets, (theoretically) paid for by taxes from the working.
The US is not the only country with this problem. One of the causes of the “Arab Spring” were educated youths with no prospects and no future. Europe has had this problem for years, but socialism tends to mask it with better “safety nets” than we have.
Obama’s solution is: More immigration.