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The thing is this beautiful new freedom from labour is also freeing us from subsistence. I see it all over London where I am - there’s now a permanent underclass with no chance of getting up in the social ladder because they are doing jobs such as cleaning, maintenance, baristas... stuff that requires no specialised skills but most importantly will never allow you to pay for your children’s way into higher education. Thus I fear we are permanently removing 30-40% and increasing numbers from the social ladder.

If we keep automating everything and capital gets to own the cloud processing power that allows for it, and we “rent everything” as some people are predicting, what the hell earning power will anyone have unless they work in AI or programming new things to automate?

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