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tuatoru | 4 months ago

This time actually is different, though.

If everything that a human can do, a robot can do better and cheaper, then humans are completely shut out of the production function. Humans have a minimum level of consumption that they need to stay alive whether or not they earn a wage; robots do not.

Since most humans live off wages which they get from work, they are then shut out of life. The only humans left alive are those who fund their consumption from capital rents.

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fluoridation|4 months ago

If humans who don't own robots are not producing and therefore not earning, then they're also not buying. Who are the robot owners selling their products to?

Windchaser|4 months ago

Other robot owners?

See: "build me a bigger yacht", building moon bases, researching immortality medicine, and building higher walls and better killbots to manage any peasant attacks

hattmall|4 months ago

Robots consume resources