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by gypsy_boots 43 days ago
Take any econ 101 course, and you'll realize that this isn't a factor in the capitalist system. Capitalism is simply concerned with maximizing profit, and in this case, returning shareholder value. It's just simply not in the purview of the system to think about what happens when you completely get rid of your labor force.

Envisioned another way, the future of labor might look the way it did for laborers over 100 years ago, before major industries unionized; making 'Amazon-bucks' that can only be redeemed at the 'Amazon company store'.
2 comments
bcjdjsndon 42 days ago
> what happens when you completely get rid of your labor force.

Youre hysterical

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general1465 43 days ago
No wages -> Nobody buys stuff and services -> Companies are going bankrupt -> No taxable income from consumers nor companies -> States are going bankrupt.

You can either go through UBI taxing automated work by 90%+ and pretend that capitalism is still a thing, or just nationalize everything and go with communism.

Henry Ford understood this problem with his Model T and realized that if he wants to sell it, he also needs to pay workers to be able to afford it.

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zombot 42 days ago
> States are going bankrupt.

States (or their rule-of-the-strongest successors) always have means to not go bankrupt. They will simply pillage the survivors.

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