And about the future robot economy
Tying the last post into the future robot economy:
Before the industrial revolution, we lived in a world in which we perceived there to be infinite resources, but a limited supply of labor to convert those resources into useful stuff like food and shelter.
The industrial revolution didn’t change that immediately, but there has been a progression in which labor became less and less necessary to convert the resources into useful stuff, and today we are awash in excess labor so a lot of it is being directed to “service” activities and away from the conversion of resources into useful stuff.
This will culminate with the future robot revolution, in which labor becomes irrelevant to the production of inherently valuable goods and services, and will only be used to provide the type of high-status service that a robot just can’t provide.
This also means that people will no longer be able to rise up in class based on the value of their labor, because labor will become do devalued, and we will go back to a more feudalistic type of economy in which a small minority own all of the robots and everyone else is poor.
There will be two classes of poor: the less poor who can provide services that amuse the few super-rich, and poorer poor who have nothing valuable to contribute to the super-rich.