alt Hacker News>I wonder what will happen to the drivers if a large representation of the 1 million+ daily trips are displaced by automation?
If it happens gradually enough, they will just find other jobs. After the transition, society will be producing more with the same labor force, and thus the aggregate utility will increase.
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buellerbueller • yesterday at 8:48 PM
And the median wage will continue to decline, as the productivity gains are scooped up by fewer and fewer.
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And homo economist lived happy ever after with his field of spherical cows.