A minimum to live
A minimum to live
Out of context: Reply #24
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- ukit20
What's interesting if you read the article is that he's actually questioning the idea of whether full employment is still realistic because of technology and automation making companies more efficient. Everyone always talks about how we need jobs but what if its just not possible or efficient to employ everyone anymore?
- Full employments is never reachable anyhow. As you approach it, wages costs skyrocket (supply and demand),monNom
- Yeah but the point is that the world is changing because of technology, globalization etcukit2
- "Imagine a point in the future when robots do more of our physical labour, computers do more of our mental labour, and our mechanized-digitized economy is ten times more efficient."ukit2
- our mechanized-digitized economy is ten times more efficient. Between now and then two things can happen, either we do 90% less work, or we demand ten times more goods and services, or a bit of both."ukit2
- either we do 90% less work, or we demand ten times more goods and services, or a bit of both."ukit2