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Xiaomi has unveiled a factory that operates with zero people.
In China, robots are being developed that can perform virtually any type of human labor.
Manus, a multitasking artificial intelligence, can already transform a micro-business into something equivalent to a company with 20 employees.
Self-driving cars are replacing app drivers, and delivery drones have real potential to retire delivery workers.
The question is inevitable:
If we are removing wages from all sectors, at some point the question needs to be asked...
Who will companies sell to if there are no more people receiving salaries to consume?
After all, these people have been replaced by machines.
If no one works anymore, no one consumes anymore.
If no one consumes, who will they produce for?
We are, at most, a decade away from this question exploding.
And when that happens, either the system finds a new way to operate — or everything will stop.
Human wants are unlimited. There will always be things people get paid for.
We might see enormously deflationary pressure on prices, as the economy adjusts to how productive the economy is becoming, but this is all within the realm of normal market function.
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None of this tech lasts forever. Buildings crumble. Software breaks, things run out of energy. Plus automation comes at a price.
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@blockchain you're very much correct, so how long does anyone think SN can last?
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Good morning everyone, how y'all doing, trust you had a great night?
Human wants are truly unlimited, I agree with the @Undisciplined writer here.. 😉
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