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this post was submitted on 13 Sep 2023
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With the automation tech of 10 years ago we could have 70% unemployment world-wide and still produce western middle-class living standards for absolutely everyone, and tech only became better since then. Cars would be an issue but who needs one when there's proper public transit but a home, healthy food, education, healthcare, PC and washing machine with integrated dryer? No problem.
Capital isn't going for it because the ROI on most automation is just too long-term and R&D doesn't look good on quarterly profits, for now it's cheaper to hire humans in many areas especially when you can outsource. But it's not a question of whether it'll happen but when, and whether it'll be an utopia or fuckers like Thiel will be able to create their preferred neo-feudal societies.