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Sam1

(498 posts) Fri May 27, 2016, 05:53 PM May 2016

Another Robots Are Coming Story

This is a good read for both conservatives, the workers will have more time on their hands. or the liberals, the workers will not have to work as long to make the same amount.

http://cepr.net/blogs/beat-the-press/another-robots-are-coming-story

1 replies

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Another Robots Are Coming Story (Original Post) Sam1 May 2016 OP

That ignores a basic fact of economics, the more supply of labor, the lower wages are. Baobab May 2016 #1

Baobab

(4,667 posts)

1. That ignores a basic fact of economics, the more supply of labor, the lower wages are.

Reply to Sam1 (Original post)

Sat May 28, 2016, 03:44 AM

May 2016

So the more robots, the less wages and for somebody who wants to remain alive, the more work.

Eventually a very few people will be working all the time for no money and everybody else will be dead of starvation (almost everybody) or very rich.. (a very small number of people)

That is the American system.

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