this post was submitted on 25 May 2025
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With the introduction of automation every decade (currently AI is the big one), unemployment rates will go up so we don't even need as many working. Our capitalist brains just can't fathom "handing out" extra resources.
Every automation brought more work, rather than less. Why? Because profit. If the boss owner can get more out of less people, they will fire the unneeded workers, bring prices down and force the competition to either follow or close down
That's not exactly true though. With excess, we've increased the needs and wants of individuals and scaled production to match. We could easily provide the same amount as before with less people, but every generation is leveraging the growth of the previous generation. Once we don't grow in one generation, we'll plateau and we won't be ready for it. It'll be the social version of an economic recession.