Why do you say there is a finite amount of work needed? There might be, at any one time, a finite amount of work someone is willing to pay x > 0 dollars for, but as x goes to 0 I’d intuitively think the amount of work increases indefinitely.
This is exactly what happens. Because of automation, the amount of labor needed to do all the work that was done in the 19th century is now a low single digit percentage of the population, and yet the unemployment rate is low.
The actual problem is artificial scarcity, not automation. A robot that can build housing cheaper than humans is great. A law that restricts new housing from being built so young people can't afford it is not.
AnthonyMouse|1 year ago
The actual problem is artificial scarcity, not automation. A robot that can build housing cheaper than humans is great. A law that restricts new housing from being built so young people can't afford it is not.
hi-v-rocknroll|1 year ago
unknown|1 year ago
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bingguistics|1 year ago
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