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Labor in China and India will actually not be feasible in the future when robots and AI become perfected. Pay a few thousand for a robot that will work faster and 24 hours a day than a worker in a 3rd world country.
Governments will probably be forced to place an 'income tax' on robots and automation.
Should they tax other tools like screwdrivers and hammers too?
The automobile, assembly lines, computers and other advancements didn't cause permanent mass unemployment, the economy will adapt.
Should they tax other tools like screwdrivers and hammers too?
The automobile, assembly lines, computers and other advancements didn't cause permanent mass unemployment, the economy will adapt.
False analogy. Hand tools put people to work who are taxed, robotics replace workers.
Government will have to do something besides importing more people with no where to work in a pyramid scheme.
So I gather you are for a universal income or liquidation of humans?
Which is it?
Most of us that contribute are smart enough to be the ones engineering, designing, building, installing, programming and repairing those robots. Is yours one of those unskilled, repetitive jobs that is so simple that it can be replaced by a machine?
And how is that going to help? That's not going to stop capitalists from reaping huge profits by automating the workforce.
And it's not just going to stop with manufacturing jobs; it will eventually conquer a number of white collar career paths as well.
How is mass immigration and population growth going to help?
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