So, some jobs are now being done by machines, and therefore... what? Therefore people are entitled to a "living wage"? So far your comments make no sense.
Do you believe it’s sensible to watch your neighbors starve, because they’re more expensive to employ than a machine? Oh wait on, you already use bots to make money, silly question.
When robots can produce a product the price of the product will fall to the point where more people can afford it, even though there is less work for humans left to do. It is easy to see why. With robots doing work the society as a whole gets richer and not poorer. Given a stable demand implies that the price will necessarily drop.
There are many examples of this. Take sharpies for example. They are essentially for free.
You know how a labour market operates, yes? When there is a shortage of labour there is a rise in wages, now that we can build machines to do our jobs there will be more unemployed, we will be surrounded by them. They don’t have much purchasing power. Then a 2 tier society, haves and have nots, takes over. Has it already?
Everything.
So, some jobs are now being done by machines, and therefore... what? Therefore people are entitled to a "living wage"? So far your comments make no sense.
Do you believe it’s sensible to watch your neighbors starve, because they’re more expensive to employ than a machine? Oh wait on, you already use bots to make money, silly question.
When robots can produce a product the price of the product will fall to the point where more people can afford it, even though there is less work for humans left to do. It is easy to see why. With robots doing work the society as a whole gets richer and not poorer. Given a stable demand implies that the price will necessarily drop.
There are many examples of this. Take sharpies for example. They are essentially for free.
You know how a labour market operates, yes? When there is a shortage of labour there is a rise in wages, now that we can build machines to do our jobs there will be more unemployed, we will be surrounded by them. They don’t have much purchasing power. Then a 2 tier society, haves and have nots, takes over. Has it already?
You are implying that replacing excavators with men with spoons would be a good thing since more people would be employed.