RE: The Deflationary Nature of Technology
You are viewing a single comment's thread:
Ah so you figured it out.
That is what the masses miss. Deflation affects the working class to a greater degree than anyone else. So even if prices from down, they do not help since people are out of work.
When there are other jobs to roll into, then fine. Those workers at the video rental store were able to move to other things.
But what happens when, say, driving and coding jobs are mostly eliminated. Throw in customer service and we can see how AI is going to have a huge impact.
0
0
0.000
I'm not sure if you read the tale of the magic pot that cooked porridge without stopping and no one could stop it. At first, everyone was happy about the excess of porridge, and then, all the people and cities began to drown in hot semolina porridge :) !BEER
View or trade
BEER.Hey @taskmaster4450le, here is a little bit of
BEERfrom @barski for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.