First of all it's not just the US but the entire world. Trick is, as always, simply not to do worse than others.
As for tens of millions being unemployable... so what? What are the practical problems it creates? Crime? Highly unlikely. These people are older and more individualistic and serious property crime is a collective affair. Crime is low these days in general so even a considerable increase in it won't be some sort of unmanageable disaster, America has been there before.
I can't think of much else in terms of problems it could create.
Consumption and thus "keeping economy going" is currently maintained by people who make income from capital and it will only become more so. Employment as a tool of distributing money for consumption will simply become less relevant.
For next generation, it will be easier because surely personal service will get revived as a mass occupation - and there, having a person is the whole point so it's safe from automation by definition.
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[ 2.8 ms ] story [ 18.2 ms ] threadFirst of all it's not just the US but the entire world. Trick is, as always, simply not to do worse than others.
As for tens of millions being unemployable... so what? What are the practical problems it creates? Crime? Highly unlikely. These people are older and more individualistic and serious property crime is a collective affair. Crime is low these days in general so even a considerable increase in it won't be some sort of unmanageable disaster, America has been there before.
I can't think of much else in terms of problems it could create.
Consumption and thus "keeping economy going" is currently maintained by people who make income from capital and it will only become more so. Employment as a tool of distributing money for consumption will simply become less relevant.
For next generation, it will be easier because surely personal service will get revived as a mass occupation - and there, having a person is the whole point so it's safe from automation by definition.
Bold to open your economic diatribe by discrediting your own economic reasoning.