Quote:
Originally Posted by donquixote99
I assume you mean of this century. And no firm or combination of firms will solve it. They should, firms will mostly be destroyed if the economy is destroyed by the collapse of consumer demand. But it is too far outside the usual incentive and culture of business, all they will see is an imperative to dump workers or perish. So its a public problem that must be solved by insightful creative lawmaking. Congress seem up to that? I predict the economic death spiral will take hold way before anything can be done to counter it.
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Yes actually I meant the next hundred years.
I think this is going to happen much sooner than we would like. The answer(s) is not easy. Some kind of universal base income maybe (?) although I suspect that would meet a lot of resistance.
Failure to do something to address it may cause societal upheaval of a magnitude we have never seen.