Thanks for the feedback.
I was joking about losing jobs to a different country. But you are right on Vietnam and Laos. I completed missed that part. Jobs goes to places with lowest cost. Robots is only one factor when jobs moves away from China.
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Robots do not buy stuff like humans do.
Yes, they won't buy food, cleaning supplies like human do. I am not disagreeing with you, just trying to imagine the future. Don't you think that the market would shift to more robotics related consumer products?
Human will have to adopt more purchases from replacement parts for their robots, software upgrade services. Those are something we don't need to pay yet.
There may be more robots in our houses that humans. We would purchase new items, instead of traditionally merchandises. The human will buy stuff for the robots.
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Certainly there will be a portion of incomes having to go towards the servicing and upkeep of machines. However, in proportion, I feel it will be a much smaller amount.
And do not forget, there is a lot of stuff over the next couple of decades that will end up in a non-physical form. We saw this with music, video, and communication. We are going to see it with a lot more.
So while we will realize a great technological march, we are also going to see a lot of things pushed down to near zero marginal cost.
All this combined makes it hard for those countries to compensate for the big loss in population.
After all a few robotic parts does not make up for the loss of not buying a home since a couple does not exist.
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