Originally Posted By: Kaotic
So we're clear, you argued against the evils of automation in another thread.


Evils? No, I rallied against all productivity increases getting channeled to investors at the inclusion of labor.

Look at this way - You have 100 people producing 100 widgets a day getting paid 100$. You buy a machine that lets 50 people to produce 100 widgets a day. If they are getting paid only 50$ then all productivity went to the owner of the machine. This creates great deal of wealth inequality, because 50 people now cannot create economic activity of 100, not even close. Now if 50 people producing widgets got paid 75$, then this would be closer to progress.

Automation is here to stay, eventually in the future you will have 10%, if that, of population doing what we recognize today as work. Rest of the society will be in the service industry. If this 10% of producers do not get compensated comparable to what current 90% do without automation, then you have bunch of unemployment and other social ills and nation, despite being more productive, falls down in quality of life.

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