But in a fully automated situation, the production of food wouldn’t cost any labor at all, and therefore not cost any money at all either.
If the owners of the automata give the automata’s products away for free, what’s their motivation to invest in automata? You would need communism as well as full automation.
It’s not ‘free’, just very very cheap. If food at the mall was as cheap to produce as ketchup, they would probably just make the food free to bring in business.
It’s based on an observation of the continual efficient pricing pressure of competitive markets combined with technological innovation which reduces the real cost of food.
It’s not ‘free’, just very very cheap. If food at the mall was as cheap to produce as ketchup, they would probably just make the food free to bring in business.
Business in the sense of the person who is now in the mall spending money on something other than food which is not free. Everything being cheaper makes sense, some things being free makes sense, everything being free doesn’t.
If the owners of the automata give the automata’s products away for free, what’s their motivation to invest in automata? You would need communism as well as full automation.
It’s not ‘free’, just very very cheap. If food at the mall was as cheap to produce as ketchup, they would probably just make the food free to bring in business.
It’s based on an observation of the continual efficient pricing pressure of competitive markets combined with technological innovation which reduces the real cost of food.
Business in the sense of the person who is now in the mall spending money on something other than food which is not free. Everything being cheaper makes sense, some things being free makes sense, everything being free doesn’t.