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by sien
4466 days ago
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That's pretty much The Lump of Labour Fallacy: http://en.wikipedia.org/wiki/Lump_of_labour_fallacy Your comment applies not just to robots but to any labour saving device or productivity increase. From the wikipedia page: Historically, the gigantic increase in labour productivity induced by technological progress since the industrial revolution has resulted in the dominance of the scale effect, bringing about both a massive increase in real wages and a decrease in labour time. There is no reason to expect that this same process cannot be continued in the future. |
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