Big
Question
Economist
Andrew
McAfee explains
that
“science fiction is finally coming true with the rise of
automation. This is eliminating the drudgery of physical labor and
changing the future of work.”
“The
main benefits of this type of workforce is it creates abundances and
frees people up from unsafe, unfulfilling and unwanted type of work.
In other words, it creates nothing short of a new type of society.”
In
my opinion he is making a fairly safe prediction but he fails to
address the real life changes that national economic systems must
make. Wealth distribution has presented political and social
tensions even before Adam Smith* and
Karl Marx started the discussion.
Question:
Can nations adapt to the required new economic model where machines
generate the consumer and capital goods but
do not provide the money for the consumer to purchase the non labor intensive products?
Please
send your answers to paulhunter45177@gmail.com
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