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Bill Gates says a 3-day work week where 'machines can make all the food and stuff' isn't a bad idea
(www.businessinsider.com)
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this post was submitted on 23 Nov 2023
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We will absolutely have automation but the workers will just be fired and all profits will be absorbed by the stockholder.
No cost savings will be passed on the other consumer either.
The problem is that would be wildly unstable. The capitalist class can't sell automated-produced goods if people don't have any money because they're unemployed.
However, those mass layoffs will make this quarter's numbers go up, and everything else is a problem for next quarter, which is why they'll do it.
They'll milk it until society crumbles putting Bandaids® on problems until revolution.
Once AI and robots can do/make anything they want on demand, they won't even need money, so don't need to make money by selling stuff. For sure, they will probably have a tough time transitioning from the idea of making money, but they won't need to any more. The rest of us could split off our own fairer economy, but they'll probably have the IP locked up on all the technology so we can't use it and have to keep working 5 day or more weeks.