Message from @Eno_
Discord ID: 554261049600114721
if full automation did happen and human labor was worth zero in the economy that would be really bad too imo
because people, men especially, are hard wired to work and contribute to society, and ubi would not resolve that
i bet there would be a wave of substance abuse and suicides
but i don't think that is going to happen either
i think, technology will continue to improve, and make our lives easier in some ways, and i'm betting the amount of poor people will increase
B-b-b-but inevitable Utopian Communism!
xD
they say, income inequality is increasing. meaning, the rich are richer, but most of us don't get richer. ok. but technology continues to improve. our lives continue to get easier/fuller because of that. think, smartphones automobiles refrigerators internet. the trend in capitalism is fewer people in absolute poverty (steven pinker). so just play that out over time. i'm not convinced automation will leave us with "nothing to do". people will still need to eat and we'll figure it out.
we'll figure it out aided by our more advanced technology
we have seen how smartphones have already brought new kind of jobs e.g., uber, could new technology bring other opportunties? e.g., automated farming equipment that is cheap and affordable? or other things we don't envision yet
@Eno_ You've got it wrong, income inequality is not really a problem
the rich get richer but the poor also get's richer
I highly doubt full automation will happen.
if you read my message i am arguing for why it isn't a problem
the idea of capitalism that lifts all boats
o
yeah, but people have the wole idea wrong
capitalism produces technology, that technology improves our lives, that's wealth
Capitalism isn't meant to let rise
it's supposed to make them fall
in nominal terms
They're supposed to rise in *real terms*
despite nominal wages rising, if prices fall etc real wages will rise
which is what Capitalism is about
right. if a widget is cheaper to produce thanks to improvements in technology
Yeah
i think smartphones are a great example, computers in general
Increasing in supply, a higher purchasing power of the dollar.
Mhm
deflation is good
i think this is an argument for not increasing the minimum wage
the worth of human labor will perhaps go down but we want to give people a chance to sell their labor, so they can earn at least something
if deflation is happening. having $100 from your cheap job is better than having $0 from no job.
if you increase minimum wage, you will increase the rate of automation, you will accelerate the communist dyst/ut/opia
alternatively, we should let the market figure out the new types of labor that come about from the new technology, at whatever their worth, and not interfere with minimum wage as it may well be less than that
the more we interfere in the economy, the more *we need to interfere*, look at venezeula
and its a downward spiral
one measure causes problems so introduce new measures to fix the problems etc. everything goes to shit
Yeah minimum wage is bad
i'm arguing for not touching what we have. i wonder would happen if we just removed it though.