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NancyLebovitz comments on Open thread, Nov. 17 - Nov. 23, 2014 - Less Wrong
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Any thoughts about what will happen when there are no longer really cheap places to move to?
The robots will take over.
That's not a joke -- industrial automation is proceeding at a rapid clip and the range of jobs for which you want dumb but cheap human labour continues to contract.
Productivity will equalize and then growth will slow. When I'm pessimistic I fear every national economy will look like Japan's as soon as we catch up.