Comment by int_19h
5 months ago
Not necessarily. For example, if most of society's wealth is concentrated with a few people, and the rest can get crumbs from that table only by serving the wealthy, then a situation where something is delivered with fewer people at lower cost translates to more people starving because they are no longer economically useful.
It doesn’t matter if 1 guy has 99.99% of all wealth on earth if everyone’s living standard is high and they can afford all of life’s wants
That is not, however, what is happening. The Western world is facing a crisis where young people seem to be barely be able to find a place to live and have trouble finding a job, and are constantly being told that entry-level jobs for them will be replaced by automation or AI.
Little is being done to give them assurances they will be able to provide for themselves.