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by BigDaddyD 3603 days ago
The unemployment rate would be closer to 50% if everyone that "should" be unemployed now were. We can argue about the recovery and other economic problems, I'm simply saying automation isn't a source for unemployment, maybe in the short term but definitely not in the long term.
1 comments

And I'm disagreeing with you. Most of people's basic needs can be met with automation and clean energy, full stop.

https://medium.com/the-wtf-economy/machine-money-and-people-...

> basic needs

Depends on what you consider basic needs doesn't it? If humans only consumed their basic needs than I agree, we should be scared of automation. The thing is as we become more prosperous, our basic needs are met and our other needs expand. Do you need a cell phone? Do you need a car? No, of course not, but people demand them, and other people supply them. The problem is that the automation people are making sweeping statements about all of our needs being supplied by automation. I don't think that's possible. I also don't think its wise to take advice from a Keynesian.

http://www.cato.org/blog/keynes-was-wrong-stimulus-keynesian...