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by pbhjpbhj 3489 days ago
>That assumes we can find something better for them to do, of course. //

In practice what [is and] is going to happen is that the jobs of the poor are removed, because they are more easily automated and the capitalists will retain much of the revenue that would formerly have been spent on wages.

Nothing is going to be done politically until there is either civil unrest or until there is so much impact to those with lowest wealth in society that the capitalists start getting poorer returns because too few people can afford to purchase the goods produced. In either case the situation is going to be very dire IMO before we get there.

This on top of the apparent existing inequalities and the increasing pay gap that the gig economy is creating (the efficiencies don't appear to be improving pay for the workers nor reducing costs as much as they could), and things like zero-hours contracts are pushing [in the UK] makes for a bleak outlook for those who are not already rich IMO.

1 comments

"Nothing is going to be done politically until there is either civil unrest or until there is so much impact to those with lowest wealth in society that the capitalists start getting poorer returns because too few people can afford to purchase the goods produced."

The problem is the civil unrest seems to be moving in the direction of ethnic nationalism and isolationism, which may not turn out to be the best long term solution to this problem.