alt Hacker NewsThe same place they've always gone: to consumers purchasing the products made by those automated processes.
The average person now is far wealthier in terms of actual purchasing power than the average person 100 years ago, and that's largely because of automation making everything cheaper.
Replies
int_19h • yesterday at 7:28 PM
> The same place they've always gone: to consumers purchasing the products made by those automated processes.
The people who are "automated away" and have reduced income are also less of a consumer. In a society where most jobs are automated, who are the consumers?
➕ show 1 reply
> The average person now is far wealthier in terms of actual purchasing power than the average person 100 years ago
access to housing is incredibly expensive. Measuring their purchasing power for how many scented candles they can buy is pretty meaningless when they are much closer to homelessness than ever before.