From: Samantha Atkins (samantha@objectent.com)
Date: Thu Jul 24 2003 - 10:51:21 MDT
On Thursday 24 July 2003 11:40, Rafal Smigrodzki wrote:
> Alfio wrote:
> >
> > American society has no way to deal with a situation where half of the
> > workers are unemployed. During the Great Depression at its very
> > worst, 25% of the population was unemployed. The robotic future will
> > be twice as bad, and it will be permanent."
>
> ### You might want to apply Ricardo's Law of Comparative Advantage, and
> also briefly think about the price of robots in relation to the average
> income of the unemployed. If you add these two simple considerations, you
> could conclude that there is no need to "deal" with any situation here, and
> especially not deal as in the New Deal, which resulted in losses to the
> economy which continue to this day. The robotic future will be many times
> better than you imagine, as long as you don't spoil it by "making jobs".
>
Precisely how do you envision those without jobs making it in such a scenario?
- samantha
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