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re: Chinese factory replaces 90% of human workers, Production up 250%
Posted on 2/5/17 at 10:58 am to stuntman
Posted on 2/5/17 at 10:58 am to stuntman
quote:
Jobs aren't ends, they are means. IOW, you don't work just to work. You work in order to gain purchasing power through the wages you earn. When things are produced more efficiently, which is what automation does, your purchasing power rises.
This is true, and it applies also to another issue currently being discussed: Obamacare. Health insurance isn't the ends, it is a means. Receiving health care is the ends. There are other ways to get people access to health care besides forcing them to buy health insurance. Those other ways may be better or worse, but they exist.
quote:
Jobs we didn't even consider will open up in the economy
In theory, yes, but in reality this isn't happening, because again training, but also lack of investment.
quote:
people will work a lot less, because people will be able to afford it.
Now you are getting into guaranteed minimun income territory.
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