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socratic4(147) pic



Why the automation crisis ISN'T coming.

A business does what it perceives to be most profitable, losing potential customers due to them not having the capital needed in order to be customers as they're unemployed and have no source of income isn't profitable, therefore if automation really led to mass unemployment there wouldn't be any automation.

If we reach an era in which some business owners do not need the market in order to substantiate and accumulate wealth as robotic labor is more efficient we have nothing to worry about because other business owners will take their place as the factors that led to the emergence of the market in the first place wouldn't vanish. 
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"losing potential customers due to them not having the capital needed in order to be customers as they're unemployed and have no source of income isn't profitable, therefore if automation really led to mass unemployment there wouldn't be any automation."

Why do you expect everyone to automate their company at the same time? The first company to automate will have no such problem, nor will the second, third or so on. "The tragedy of the commons" problem is analogous to this. Note also that government benefits and service jobs will provide incomes that are unaffected by automation, in addition to being able to extract capital from other rich people and governments.