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superturkey650 | 1 year ago

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.

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AnthonyMouse|1 year ago

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.

hi-v-rocknroll|1 year ago

We need to find more work for people to do and make it easier to start businesses.