Yes, I agree with the whole article and we are starting to see a widening between the rich and the poor. However, a lot of automated jobs are boring and will free up leisure time. The miners in the UK in the 1980's thought it was the end of the world when the pits closed but many retrained. Who would want to work down a dark, dingy coal mine anyway but they had running street battles with Police to try to hang onto those jobs. We need to be intelligent enough to adapt to the inevitable.
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I think we can adapt but Im not sure if we can do it quickly enough. We still have people who cant wrap their heads around the internet let alone self driving cars which are here. I used to be optimistic and give people the benefit of the doubt , but im not so sure these days. People are becoming frustrated and increasingly turning to radicalism in the US and especially Europe.
It sure will be an interesting next few years. I'm too old to worry about it though, these days I just sit back and let it play out as it will anyway. Great post and, by the looks of it, everyone else thinks so too 😃
The problem is the rich will gain all the resources from the work of the machines.....the poor will be left to starve
This is why money needs to be viewed like equity in the means of production. It should gain purchasing power as the means to produce grows, not lose purchasing power.