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Originally Posted by Nich
While our jobs may be shitty and boring, we are at least taking that money and circulating it in the economy. A robotic workforce will never spend money back into the economy, and the owner of the robots doesn't suddenly become a billionaire philanthropist. Especially not in today's winner-takes-all mode of thinking.
So perhaps there is some calculation of all the "liberated" labour hours and economic worth of all the many automated systems coming online. Kind of like how horsepower is used to describe a car's engine. So too will an automated system be calculated in human effort saved. Then the market might have a new price discovery on that human effort and the benefit to society because there may be a new abundance of a service. Ok, now perhaps the calculated economic worth of the automated processes could be redistributed to everyone regardless of present need.
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That's the crucial requirement for things not going to shit. People generally don't give much of a shit about bad things unless they're happening to them. So as job losses get more and more widespread I hope our democracy is robust enough to enable the majority to demand redistribution.