05-30-2019, 12:30 PM
(05-30-2019, 11:28 AM)Kinser79 Wrote: ...I keep hearing about this supposed service economy that is going to arise at some point. Strangely it still hasn't happened yet. I'd argue because wealth (not money, wealth) can only be created when one creates goods. Any other form of economic activity must therefore consume wealth. In short without industrial production (somewhere) there will be no consumption of services.
Old thinking for a young man. The service economy is already here, and, at some point, automaton makes 'goods' almost irrelevant. We're not that far from there today.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.