2016 Postmortem
In reply to the discussion: Yet another reason that Hillary lost [View all]CajunBlazer
(5,648 posts)You are absolutely right, but the problem with that scenario is that if most of the people are out of work, no one will be able to buy the goods and services that the machines and robots provide. I have heard solutions proposed where business would be taxed heavily and everyone would be paid by the government even if they don't work, but that idea hardly seems sound.
In economics situations opposing forces have a tendency to arrive at an equilibrium point. I expect that someday in the not too distant future (maybe 50 to 100 years from now) machines and robots will still do much of the work while humans will get paid well for working far less a week with more time for leisure activities. That is if the machines don't gain sustenance and take over.