> But there is a risk that those who own negligible amounts of capital prior to full automation will be out of luck. With nothing but their wages to survive on, they may live dreary lives, and perhaps even starve. However, at least for citizens of high-income democracies, this risk seems to be quite small.
And then the article goes on to explain, how historically governments have always redistributed wealth from rich to the poor.
The wealthy were incentivized to provide for the bottom of the population only because there was need for labour for the wealth to stay alive. but then, going by the article's analogy when there is no need for labour, there is no need for the bottom 75% as well.
And then the article goes on to explain, how historically governments have always redistributed wealth from rich to the poor.
The wealthy were incentivized to provide for the bottom of the population only because there was need for labour for the wealth to stay alive. but then, going by the article's analogy when there is no need for labour, there is no need for the bottom 75% as well.