Robots and automation may actually be the way we can get off the addictive economic treadmill of having the you g pay for the old by an ever expanding population. It is unsustainable.
They have already done so through increased worker productivity, but may ultimately replace young people as the "breadwinners" for those who can't or won't work.
This is to be welcomed, as we can economically support a shrinking population that grows wealthier over time. The traditional refrain of wealth redistribution being from "productive" members of society to the non productive will be upended. Many people will be consumers, producing things most people won't pay large amounts of money for.
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Here's the way I see it:
Robots and automation may actually be the way we can get off the addictive economic treadmill of having the you g pay for the old by an ever expanding population. It is unsustainable.
They have already done so through increased worker productivity, but may ultimately replace young people as the "breadwinners" for those who can't or won't work.
This is to be welcomed, as we can economically support a shrinking population that grows wealthier over time. The traditional refrain of wealth redistribution being from "productive" members of society to the non productive will be upended. Many people will be consumers, producing things most people won't pay large amounts of money for.