"Goodbye", page-67

First 67 Last

Share
Profile

Follow
Scott th Ratbag

58,190 Posts.

664

05/08/24

15:34

Post #: 75076378
Share

Originally posted by pintohoo: ↑

when robots do all the work which is for profit and humans can't compete

when a robot costs 5 cents an hour to do work for profit and the same job done by a human would cost 200 bucks an hour

human labour will be unsalable.

see the old jobs that now do not exist ------- gone, replaced by technology

eventually - and not far into the future - almost all jobs for profit will be done by machines ---------- there will practically be no paid human labour

it might come in 50 years - it's hard to comprehend that it won't come by 100 years and it might come in something like 20 years - timing is up for grabs

but, it will come.

And when it does - if we are to have a consumerism based economy - then, humans will have to be given what we call money - in able to be consumers.

If we do not have a consumer based economy - well, I don't know what it will be ----------- aside from bloody interesting.

A man with a shovel was paid about 20 bucks an hour. Now a bulldozer does the work of 100 men - with one man sitting in the seat driving it - costing about ? 40 bucks an hour.

Yes, there are a lot of men behind the bulldozer - building it, maintaining it, repairing it, financing it -

but, they are being replaced by machines rapidly - robots in factories, AI replacing financiers, etc etc

we are moving to a machine world - that is crystal. One day - it will be almost literally - all machines.

For us to be out doing art, surfing, fishing and drinking wine -

we need money to buy the paint, buy the surfboard, buy the wine

if we cannot work to earn that money ---------- from where will it come?

if it doesn't come - then, there are no customers, no customers means - no business

no business means - no wealth

Expand

yep robotics has been changing industrial labour for 40 years. and will continue to do so on a ever-faster scale.

I don't think this means no new jobs though as business will always expand and grow. faster than ever with robotics, so employment will still grow imo. either this or UBI will eventually become necessary and unemployment benefits will morph into a permanent substitute..... very much like the ancient Roman means of providing sustenance when citizens were not required to work with slaves providing all the labour.
Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

LIS

Li-S Energy the latest microcap to pivot to US defence market

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

LDX

Lumos Diagnostics surges 140% on major US contract deal

ASX Market Close: Why are we red today? Because US CPI's at 3%