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Economy

Squinch

(57,074 posts)

3. Yep. And we STILL won't have a national minimum wage.

Reply to DetlefK (Reply #2)

Wed Feb 22, 2017, 09:19 AM

Feb 2017

I think what you describe will be the tipping point: when they can make the products but no one can buy them. But that will take a lot of hardship and heartbreak on the parts of the rest of us before they'll realize that this system is doomed and needs to change.

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Yes, automation will be a problem. [View all] DetlefK Feb 2017 OP

Automation was SUPPOSED to give us all more leisure. Instead it has given a thousand Squinch Feb 2017 #1

Just wait until factory-owners no longer have to pay any wages. DetlefK Feb 2017 #2

Yep. And we STILL won't have a national minimum wage. Squinch Feb 2017 #3

Tech CEOs back call for basic income as AI job losses threaten industry backlash HAB911 Feb 2017 #4

Basic Income sustains status quo inequality ParanoidFactoid Feb 2017 #5