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by kamaal
3226 days ago
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>>If you have fewer people doing the work and more people depending upon it, standards of living will fall. This is already the case in the US. Most social security money(Pensions, SS, State Pensions etc etc) comes from existing taxes that are collected. >>If I had to bet on a (peaceful) solution, it would be automation. That kind of runaway automation that could pay for this kind of a party isn't close, may not be even in the next few decades. |
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Automation is already here, and has been for a long time. The whole point of the industrial revolution is about automation: Machines that support or replace human workforce.
The explosion in availability of computing power in the last two decades put automation into overdrive, and I don't see it slowing down.
Meanwhile, the gains of automation do not directly translate in inproved wealth for all members of society.
For example, if a company replaces 50% of its workforce with machines, they might make more money because they save on salaries, but effectively worsen the situation for the pensions of the layed off people.