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RE: Why People Refusing To Work Is Actually A Good Thing

in LeoFinance • 3 years ago

Either way at some point the public will have a reckoning with the economy. If people think unemployment is better than working then eventually the prices will have to go up enough to reflect the increase in labor prices. This will cause the socialists to clamor for even more larger minimum wage and its a never ending cycle. So the price point for automation being cheaper than human labor will become mainstream. So I see no future for the current structure.

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3 years ago in LeoFinance by
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     3 years ago  

    If people think unemployment is better than working then eventually the prices will have to go up enough to reflect the increase in labor prices.

    And this is exactly what makes the advancement of automation take off. As the labor rates increase, the incentive to automate follows the same pattern because the ROI becomes more appealing.

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