Quote:
Originally Posted by Barry-xlovecam
My customers are not the menial workers being replaced -- they are the guys buying the robots. The stock markets are up and my business has increased dramatically.
To some degree these displaced workers will be spending less, and this, in aggregate may effect sales in some way.
No one can afford a $6.00 ratburger anymore.
Wendy's will sell less product if they do not contain prices somehow.
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You sell to middle management. Mostly single guys who can't afford a hooker, but can afford $50-$100 on a cam girl. Otherwise, your girls would be earning a lot more for every private session. Unless all your customers are whales.
Also, middle management at companies like Wendys will start to go automated.
Even so, the effect of more unemployed means you will have to pay more taxes to stop the unemployed voting in a Government who will force you to pay more taxes.
We all rely on millions being able to afford to buy themselves "treats" once a lower level falls out of that strata the effect trickles up. And nothing stops the top level looking for further cuts.