Visions of the future

Discussion in 'Economics' started by FireWalker, Jul 9, 2014.

  1. Lawrence Summers wrote a good article in the WSJ about lack of jobs due to automation.


    Currency is a product manufactured by the central banks.

    People must work to purchase that currency. Jobs.

    If, for example, taxi drivers are replaced by robots, taxi drivers will not have a way to purchase that currency.

    Without currency, taxi drivers will be begging on the street.


    Many wealthy do not see this as a concern, but it is.

    If people do not have a way to purchase currency to purchase food, they will steal the currency from the wealthy. Identity theft and other tactics.



    Also. Another concern is if a robot taxi driver picks you up and a hacker decides to drive the car off a ravine, who would ever know?
     
  2. They will get free money to pay for the basics, food etc.