tag:blogger.com,1999:blog-3758330678390419129.post1825834177627135716..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Will Robots Eliminate 5 Million Jobs in the Next 5 Years?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-23748830169304856832016-03-18T20:33:33.566-04:002016-03-18T20:33:33.566-04:00Well said, RW! Great response!Well said, RW! Great response!CopperHeadhttps://www.blogger.com/profile/02086228755056427075noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-88058070645182376942016-03-18T12:36:38.736-04:002016-03-18T12:36:38.736-04:00I appreciate all the comments. To reply It's n...I appreciate all the comments. To reply It's not dystopia if you get to live in the new world. "What justifies keeping them around"- the welfare state is a great market for Walmart etc. At some point the system stumbles into the fact that there is no need for that. I know that it is not common to think that people need to justify their existence but most recent societies are basedAnonymoushttps://www.blogger.com/profile/03944204703338088268noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-33651203062094999232016-03-18T10:38:26.290-04:002016-03-18T10:38:26.290-04:00There will always be a need for people to build, p...There will always be a need for people to build, program, etc. et al things having to do with robots.(I hope so anyway, as I've a part of my business based on that supposition-lol)<br /><br />RW is right, robots are just another form of capital good that makes our lives easier. <br /><br />There is always pain for some people in obsolescence, but it's important to not lose sight of the Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91636950588893900202016-03-18T10:32:45.055-04:002016-03-18T10:32:45.055-04:00I would love having a robot housekeeper.I would love having a robot housekeeper.Sirkhttps://www.blogger.com/profile/01348978049876013373noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40774505228872107822016-03-18T07:50:34.913-04:002016-03-18T07:50:34.913-04:00I don't get it. What do you mean by "what...I don't get it. What do you mean by "what justifies keeping them around?". Is there some higher entity who is currently justifying keeping us around? Government? I don't need government to tell me my life is justified or how many children I will have.<br /><br /><br />And why would demand go down if supply is much higher? I would want fewer things if more are available? No, I Anonymoushttps://www.blogger.com/profile/16807090975131842483noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-90749733920216585292016-03-18T02:26:21.603-04:002016-03-18T02:26:21.603-04:00There will always be jobs because there will alway...There will always be jobs because there will always be scarcity. Robots just free us up from basic tasks to engage in activities that are desired by consumers. More consumers desires being met = higher standard of living.theageofnowhttps://www.blogger.com/profile/16684732649465149601noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64620713749230462912016-03-18T00:01:18.129-04:002016-03-18T00:01:18.129-04:00If all labor were done by robots, then we would al...If all labor were done by robots, then we would all like like kings. It would mean everyone is so rich that no one has to work. This isn't a dystopia but a utopia. Unknownhttps://www.blogger.com/profile/08990715051451620558noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55755514026732767242016-03-17T19:28:32.922-04:002016-03-17T19:28:32.922-04:00I know this is in the extreme but what if nearly a...I know this is in the extreme but what if nearly all "labor" was performed by robots. At what point is the demand for goods and services diminish. In other words if people are not needed to perform labor what justifies keeping them around? There is a type of loop here where people are needed to produce things other people want. Fewer people leads to smaller markets. With the current Anonymoushttps://www.blogger.com/profile/03944204703338088268noreply@blogger.com