On Wednesday, March 9, 2016 at 5:06:17 PM UTC-5, wrote:
On Wednesday, March 9, 2016 at 1:20:10 PM UTC-5, trader_4 wrote:
On Wednesday, March 9, 2016 at 1:06:16 PM UTC-5, wrote:
On Wednesday, March 9, 2016 at 12:41:47 PM UTC-5, CRNG wrote:
On Wed, 09 Mar 2016 07:32:22 -0600, "Dean Hoffman"
wrote in


This is from the Carpe Diem site written by Mark J.
Perry. Manufacturing workers can now buy 11 appliances
with 152 hours of labor what used to cost them 886 hours
of labor back in 1959.


engineering and technology have created machines that have reduced the amount of work needed to be done by people.

We need to revamp the economic system so that __everyone__ can benefit from this, not just those that own the macinhes.

M

Everyone is already benefitting, as evidenced by the greatly reduced
number of hours of labor required to purchase the new appliances.

No, those people that have been replaced by a machine and loose thir jobs are not benefiting.


There are other jobs. And even if you're on unemployment, you're
benefitting by the cost of food, clothing, cars, almost everything
bought, being substantially lower due to automation.



Suppose we take development to an extreme Nth degree, and machines do everything and noby has to work excrpt only one guy has to push the button to turn it on....

does he get all the money and everyone else none?


Ridiculous example because there are lots of jobs that can't be done
today or anytime soon, by machine. Healthcare, service industry jobs,
designing/building the automation eqpt, etc.


How do you divide the fruits of society if machines do all the work?
Is it Utopia or Distopia?

Mark

You let the free market work it out. And before you say that isn't
available to all, there are plenty of people who started a cup cake
shop, a cleaning business, etc that are making way more than any
of those factory workers ever did.