I have written an economics paper titled, "The Economics of Post-Productive Economies."
In that paper, I basically conclude that there are two outcomes of automation's impact on advanced economies:
1) "Robots" are not taxed, and the rich-poor divide becomes so extreme that the poor must revolt or die; or
2) Those who are displaced by automation receive a basic income, which ultimately morphs into a universal basic income - allowing for consumers to remain consumers...
|