Quote:
Originally Posted by malloyd
Who's buying the stuff the robots are producing?
You can do an underclass in *relative* poverty in a robot economy, but not a vast majority in *desperate* poverty. And it's not just for the lack of purchasers of the robots production, but also because if the robots aren't producing stuff so cheap a lot of the people can buy more stuff than they could ever make themselves, they aren't cheaper than hiring people to make it and therefore don't make people unemployable.
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A contracting economy doesn't generate new jobs.