Automation itself also isn’t the problem. Replacing human workers with machines has always been a good thing, if the workers are taken care of. That’s the problem, the workers are expendable for a lower cost solution. It also doesn’t help that at least in the US we have a Puritan view of work, where someone is classified by what they do to survive and not the person themselves.
Yes that’s basically the problem. Consumption always has a base level. People need to eat even if they can’t afford to. There’s no base level income to ensure that it is possible.
The problem with uncurbed capitalism is that it doesn’t solve this issue. Eventually people won’t be able to afford the products and the only solution for capalism is to cut costs further, spiraling endlessly.
This is also why government subsidies to companies do not work. The money ought to be given to the consumers instead.
100%. Of course people losing their jobs is unfortunate and we should support them in finding new ways to work or even using the immense capital surplus to support them in other ways.
Automation isn’t new…
Automation itself also isn’t the problem. Replacing human workers with machines has always been a good thing, if the workers are taken care of. That’s the problem, the workers are expendable for a lower cost solution. It also doesn’t help that at least in the US we have a Puritan view of work, where someone is classified by what they do to survive and not the person themselves.
Yes that’s basically the problem. Consumption always has a base level. People need to eat even if they can’t afford to. There’s no base level income to ensure that it is possible.
The problem with uncurbed capitalism is that it doesn’t solve this issue. Eventually people won’t be able to afford the products and the only solution for capalism is to cut costs further, spiraling endlessly.
This is also why government subsidies to companies do not work. The money ought to be given to the consumers instead.
This level of it might be though. Or rather, not quite yet but coming up?
Jobs will be automated as technology improves, that’s inevitable. Jobs shift to new tech, that’s inevitable too
Yup. People have been saying machines will eliminate all jobs since the dawn of the industrial revolution.
It is like you say, some people with have to change jobs. But overall we’ll be producing more stuff which is better for everyone.
The real problem is the bullshit marketing hype economy sucking away production from manufacturing.
100%. Of course people losing their jobs is unfortunate and we should support them in finding new ways to work or even using the immense capital surplus to support them in other ways.