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RE: What will we do when automation exceeds employment?

in #automation7 years ago

I agree, I am even more concerned for my daughter. For the most part, we have more knowledge, know how than our parents, grand-parents and we are not more wealthy. Additionally, there is the more silent wave that is more on the white collar side: accounting, banking, insurances, law....
There is another problem, if there is a large part of the population not being paid for a job, the economy will become very quickly a big mess. Already a problem in many western countries where many persons with a Master do not find a job quickly, stay to parents' home, they generate less money on the long run.
Also people owning the machines will race relatively quickly for the lowest cost, there is just a short term profit. "Taxation" by any mean will not work.
Also automation is not as easy and accessible as people think.

The real problem is to enable people to create, to add value, to help to set-up businesses easily and very cheaply without large financial risks as we still have.