jimrandomh comments on The President's Council of Advisors on Science and Technology is soliciting ideas - Less Wrong

9 Post author: Kevin 12 July 2010 11:41PM

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Comment author: jimrandomh 16 July 2010 08:54:23PM *  1 point [-]

How does needing raw materials create employment for the rest of the population? If everything is mechanized, then raw materials come from those who own mines/wells, and the extraction is done by robot labor. That doesn't involve very many people.

Comment author: timtyler 17 July 2010 08:51:07AM *  0 points [-]

It doesn't create employment for the rest of the humans. In this scenario, most humans are unemployed - and probably rather poor - due to the hypothesised lack of "substantial taxation" and government handouts. The throughput of the economy arises essentially from the efforts of the machines.