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RE: In The Future...A Lot Less Banksters....Near Future According To Deutsche Bank’s CEO
Yep, it's too funny, people will allow themselves to be unemployed by machines, instead of realizing that we could all be freed instead!
Well the truth is most people arent going to have a choice when it comes to the machines/computers taking their jobs. In fact, they wont know it is happening until it is too late.
In the end, I believe that the job destruction will be so great that a universal basic income is the only solution. This will send the conservatives and libertarians overboard but that is really going to be needed if you start getting true unemployment rates in the 20%-30% range (it is over 10% in the US if people actually spoke honestly about it).
Yesss I totally gotchya, and what I'm saying is, people will be begging for a handout from the gov aka Universal Income, when logically, if everything is automated...why not just make everything cost less, or be free!
And with everyone fighting over the last 10 jobs...AHHAHAHAA...why fight over it, when we could just all share the remaining work, and work like 1 hour a week!!
Nope. Can't do that. Then people will be FREEEEEEE.
Well technology does move things in that direction. Whatever gets digitized ends up becoming free or pretty close to it. Remember when we spent like $6 to get 24 pictures developed let alone what the film cost? We use to spend $9-$13 a CD...not free with Spotify if you listen to commercials and you get $30M songs.
One of my other posts I wrote about technological deflation and how things will be less expensive in the future. People do not realize how many industries are starting to face the same thing that I just mentioned.
The old model is being disrupted before our eyes and so few realize it.