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Do you want everyone to go back to the farms as laborers? Our food abundance is produced mechanically. Automation and technology brings deflation, which allows me and my children to not toil in the fields.

It appears some here believe in the labor theory of value. For me, if I cant do better than the machine, then I am not adding value and need to do something else.




Automation doest not bring deflation. It brings a higher standard of living where people have more money so they can buy more things. Prices still increase though-- inflation. The key is to have wage increases, and therefore quality of life, increase at a rate that at least slightly exceeds inflation so that people continuously have increasing amounts of money to improve quality of life.

This is why wage stagnation or when wages do not keep pace with inflation it's bad.




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