Here's hoping that some poly folks choose to follow that same course.
Most commenters on this issue fail to account for what I'll call the "boundlessness of human desire". Art and entertainment are goods with effectively endless demand, given enough resources. As long as humans prefer to deal with other humans in these areas, human production and consumption of those goods will surely increase as automation makes us richer.
The status-seeking component of employment must also be considered. As long as a culture values work, people will seek work beyond where they would otherwise be satiated.
A fuzzier factor, but perhaps the most impactful, is the notion of "self-actualization". We should expect sectors to expand that allow people to help other people. The limit on demand there is essentially as boundless as the human capacity for empathy .
All that being said, there are clear institutional and cultural problems in the US that make this (and any) transition painful. If you are culturally programmed to see yourself as doing exactly one job your entire life, and that job goes away, the transition will be difficult. If you've been utterly failed by a public education system, your options are poor. We should be worried about these.
There's also plenty of room for a discussion about the role of forced transfers in enforcing some level of equality of outcome. Few would argue that the current incarnations of Western welfare states are the best possible way of achieving that goal. Things like a negative income tax (or other form of guaranteed income) seem like good candidates to replace overlapping, administratively complex, and often counter-productive programs.
: With the caveat that things get fuzzy once we have ubiquitous, cheap human-level AI.
"When we look at US population density and vaccination rates, both big risk factors in contagious disease, something scary pops out: Ohio."
"Ohio is tied for worst MMR (Measles, Mumps, and Rubella) vaccination rate with a dismal 86% of Toddlers 19-35 months old based on 2013 data from the CDC National Immunization Survey. If Disneyland was in Ohio, we might be looking at a much larger problem. Of course, there are many factors not considered here, but the quick take is disturbing."
- PolicyStatVP of Product, presentI'm responsible for ensuring that we're building awesome things for our customers, that we're building them for the right customers, that we're awesome at building those things, that our time spent building those things is fulfilling and that we're continuously increasing our average level of awesome.
- Rose-Hulman Institute of TechnologySoftware Engineering
HTML5 UP! Responsive HTML5 and CSS3 Site Templates
Responsive HTML5 and CSS3 site templates designed by @n33co.
Conservative White America, you need a new Grand Strategy
Time for a (mostly) non-economics post/rant. Warning: Contains oversimplified history, sketchy data, and sweeping generalizations. In 1396,
Responses to objections on cash transfers | The GiveWell Blog
The GiveWell Blog - Exploring how to get real change for your dollar.
John Wall’s Contract and the Risks of Running an NBA Team
The risks that entrepreneurs take, I think, are social risks [...] The risks they take are not material risks, they're very often using othe
The highest ROI way to increase signups: Make a minimal homepage (Guest ...
Mattan Griffel has written some great essays on user growth over at Growhack, and you can follow him on Twitter at @mattangriffel. In partic
Greg Mankiw's Blog: Observations on the Great Gatsby Curve
In recent years, some economists have drawn attention to a correlation that has been dubbed the Great Gatsby Curve. In particular, countries
Somerville, MA rebels against minimum parking requirements
In a city where people can spend hours searching for parking, Boston officials are pursuing a strategy that seems as galling as it is counte
on conference calls with the client - thisadvertisinglife
on conference calls with the client - Thanks for the gif, Molson.