Automation of human labor is the single biggest cause of prosperity. Its not a new process and robotics isn't doing anything radically different.
Nor will the supply of jobs dry up because of automation. There will continue to be a demand for what humans can do and a supply of humans that want to work. As long as prices are allowed to adjust so that supply and demand tend to equalize, there will be a labor market.
The real problem is interference in this marketplace, interference in people's ability to sell their labor.
Nor will the supply of jobs dry up because of automation. There will continue to be a demand for what humans can do and a supply of humans that want to work. As long as prices are allowed to adjust so that supply and demand tend to equalize, there will be a labor market.
The real problem is interference in this marketplace, interference in people's ability to sell their labor.