You are viewing a single comment's thread from:

RE: Automation: The debate rages on...

in #economy7 years ago (edited)

It's a positive view. As a devils advocate you just have so many people in the world with very low paying jobs doing menial tasks. This would mean education across the board would have to be implemented for such an "automated" economy. To me there would be more poverty then ever as even the people who earn cents would become extinct.

Sort:  

"People with low paying jobs doing menial tasks" - This has been going on for eons and will continue. The poverty that exists won't increase because of automation. The roots are completely different. Also, what is a menial task? In a true free market, wages are determined by output. If it is cheaper to automate, then it makes sense. If it's cheaper to outsource, it makes sense. Poverty exists when government forces artificial prices on us. Subsidies of all sorts as well as mandated wages have done nothing but keep people indentured. Automation is the natural reaction to government interference.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.029
BTC 61896.22
ETH 2413.79
USDT 1.00
SBD 2.66