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> 1. Some workers lose their jobs to automation. > 2. The remaining ones have a weaker negotiation power, as their jobs are on the way out anyway. So companies have even more incentive to abuse them. I wonder what the eventual end game is, when you let everything play out to its logical conclusion. Eventually, business owners will no longer need people at all. They'll own a magical fully-automated factory that maintains and repairs itself, and a magical AI box that makes optimal business decisions, and then just sit there owning these magical things and harvesting money every quarter. Humanity consists of the few who own all the boxes, living in opulent luxury, and the many who don't and barely subsist enough to buy the products. |
I'm not so convinced, I think this comes from the limited mental model of thinking of the economy as a system for making widgets.
Rather, the economy is what happens when a society organizes its member's aggregated needs and desires.
Being a valued member of a community is a rather basic human need. As such, the economy will find novel ways to meet that aggregated desire, if it's not being met anymore by jobs that employ many workers today.
That's a rather unconventional view maybe, but I'm rather convinced it's the right one.
Of course, it leaves all the details open and the path to get there might be rocky.