Quote:
Originally Posted by Letum
If machines manage all manufacturing and 80% of people become unemployed over night, all that happens is a sudden decrease in wadges, which allows the now rich 20% to hire a few house servants
each or buy labor intensive specialty goods.
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That's a rather large assumption Letum.
First off no way would each rich person hire 4 more house servants if there is no need for them, rich people aren't in the habit of giving their money away. That's why they're rich. Nor would those low paying jobs be an acceptable financial replacement for their previous jobs.