Nope. Tools multiply labor rather than replace the need for it. Blockchain technology is just a high-tech ledger. And cryptocurrency is an alternative to government money systems but not a panacea.
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Nope. Tools multiply labor rather than replace the need for it. Blockchain technology is just a high-tech ledger. And cryptocurrency is an alternative to government money systems but not a panacea.
Yup. The labor is done by the bots. And those govt money systems are at a reset. You know the debt is unsustainable. It's ponzi finance on steroids.
Bots can't do everything, and AI suffers from GIGO just like an old DOS machine. They still can't replace labor. All they do is free up labor for new ventures.
If government were not siphoning wealth to cronies and destroying wealth through wars, far less labor would be needed to achieve a decent standard of living, and the multiplying effect of technology would most benefit the poorest. I do not deny that.
I agree with your position on Government. And bots can't do everything yet. But we are getting very close to the time when automation/bots will overtake a great deal of jobs. I think it is healthy to have the discussion now as opposed to having complete chaos due to massive job loss.
Automation has yet to create systemic unemployment. Aside from short-term adjustments in the labor force allocation, it does not reduce employment at all. Umemployment problems are political, not economic or technological.