How will our Economy work when everything is fully automatic?
88 sats \ 7 comments \ @tomlaies 30 Apr 2022 bitcoin
This question is a little out there but imagine an utopia where we made everything fully automatic and bootstrapped all robotics everything.
How will our economy work? Even with an optimistic high number of jobs left over of engineers keeping track of stuff, IT keeping an eye out for automated processes, startups still employing people etc.
How will the huge mass of people continue to earn money? Will we all work 10h/week and retire at 30 so that there is enough work left for everybody?
Will the hourly wage be ridiculously high? I can't imagine how it would feel like doing a simple bureaucracy job at 0,1BTC an hour - I would immediately feel like an imposter - how can my time possibly be worth so much?
And if there isn't enough labor left for everybody... how will the results of production and created value (goods and services) be distributed so that people don't starve and there is a consumerbase left at all? Will everybody own stocks and live off dividends? Or will we just all consume less?
Pls answer, I spent the whole night thinking about this,
write
preview
related posts
5 sats \ 0 replies \ @Undergotten 30 Apr 2022
I would imagine a bitcoin economy makes wage-slave jobs undesirable. People can focus on their crafts and preserve the value of their money. There will be no need to work as much. Mass production will slow down, and that's a very good thing. It's choking this world to death. Bitcoin fixes the environment in so many ways.
reply
3 sats \ 2 replies \ @cozy 1 May 2022
The same way it works now: creativity. Creativity can't be automated. There's only two creative things in the universe we know of currently: evolution and the individual human mind.
reply
0 sats \ 1 reply \ @zuspotirko 1 May 2022
So everybody will work in science or do youtube or be a locally famous painter?
reply
0 sats \ 0 replies \ @cozy 5 May 2022
Creativity is about disobedience, learning new deeper possibilities to reality (like quantum computation) to break existing patterns (like living longer, or creating a new form of life on another planet), creating YouTube or some new incremental improvement on YouTube, creating artworks it media that don't exist yet, for qualia we've never had (like creating a work of art that utilizes the electromagnetic vision that birds havehttps://www.forbes.com/sites/trevornace/2018/04/04/we-finally-know-how-birds-can-see-earths-magnetic-field/?sh=740a7b5720e1).
See also, this talk on creativity from The Beginning of Infinity
reply
3 sats \ 0 replies \ @gmd 30 Apr 2022
Don't have an answer but artificial intelligence is getting scary good. These DALL-E art examples generated from text prompts within seconds is crazy:
https://twitter.com/typesfast/status/1519360691697688576?s=20&t=UwG42873nUA7J2HNGlbycA
reply
2 sats \ 0 replies \ @DarthCoin 30 Apr 2022
Until we will get to Type X Khardashev civilization will take some time. But not with actual NPCs in this fucking mad world.
So I suggest that each bitcoiner to start building his own "type" of citadel, to be sovereign and get rid of government. Having your own good life will makes also others good life.
reply
1 sat \ 0 replies \ @Ge 1 May 2022
There will always be a working class a poor class and a rich class if you want to put labels on it...goes back 1000s of years and continues till this day still....
In a fully automatic world eventually the humans would serve the robots....jk jk I think how the economy will work then depending if we r on a bitcoin standard will be value 4 value what can you really provide not just looking at your resume...if not on a bitcoin standard I can see continued chaos saying we fixed everything when we just kick the can further down the curve leading into your next questions. People will look and start to find creative jobs when the economy starts to suffer...the ones that are too clinged to the system well like Max Keiser says and its my favorite saying peoples faces will be melted off...looking like the captain in the Titanic movie going down with the ship... If not on a bitcoin standard the people will keep pushing for higher wages i mean look where we r at now 15...minimum sheeessshhh. if on a bitcoin standard I couldn't say 0,1 an hour would work however depending on what you bring to the table I'm sure that you and whoever the employer is can work something out...No it isn't much however we all have to start somewhere....and it's not always pretty....with that being said no sacrifice no reward. And we will have to move back to a more sovereign mentality what i think yes things will be scarce however going forward if we look at our ancestors and grand parents parents how they lived it will help us move forward being tech savvy sovereign individuals being able to run you own node being paid fully being able to verify payments etc. If not then the people will just continue with how things are going right now which is understandable its the Matrix their brain is telling them the steak is really steak.....some if not most love it and would rather stay in a lie then know the truth....its sad however this bitcoin renaissance is what the people need...we are the builders we are the ones who will come back for our loved ones....we are the one's who push the limits...we are the trend setters that set the new standard in which the masses flock to!
reply