Part 3/10:
Automation displacement signifies the replacement of human workers with machines, resulting in economic decoupling—the notion that GDP growth can occur without substantial human labor inputs. As businesses increasingly favor automation for its "better, faster, cheaper, and safer" capabilities, the roles traditionally held by humans at work may diminish. This shift raises profound questions about the future viability of the existing wage labor social contract.
Social Contract Breakdown
As automation replaces traditional roles, the right to work becomes increasingly meaningless in an economy dominated by machines. Even if individuals retain the theoretical right to seek employment, their ability to find meaningful work will dwindle as companies opt for automation.