11-14-2016, 05:35 PM
(This post was last modified: 11-14-2016, 05:36 PM by Eric the Green.)
(11-14-2016, 08:07 AM)Odin Wrote: Increasing technologically-driven productivity has a depressing effect on both wages and the employment rate, which hurts demand, which depresses economic growth. This is technological unemployment, something noted as early as Marx, and it is only going to get worse over time as automation becomes even more widespread. This has been masked for a century by the increasingly dominance of white collar jobs, but now even many of these jobs are beginning to be automated away, eventually everyone who isn't a super-genius with a graduate degree, or someone who does a highly skilled trade that cannot be automated, will be left jobless.
We as a society have only 2 choices: a universal basic income or complete social breakdown, there are no other alternatives.
Yes, and complete economic breakdown too.