The following quotation illustrates the context of the discussion:
“once full automation penetrates the job market to a substantial degree, an economy driven by mass-market production must ultimately go into decline. The reason for this is simply that, when we consider the market as a whole, the people who rely on jobs for their income are the same individuals who buy the products produced.”
“THE LIGHTS IN THE TUNNEL”, page 24
This claim relates to the state of the marketplace—and not to the status of the unemployed humans. My comment about “lubricating the economy very effectively” was not intended to imply anything about human welfare.
The following quotation illustrates the context of the discussion:
“once full automation penetrates the job market to a substantial degree, an economy driven by mass-market production must ultimately go into decline. The reason for this is simply that, when we consider the market as a whole, the people who rely on jobs for their income are the same individuals who buy the products produced.”
“THE LIGHTS IN THE TUNNEL”, page 24
This claim relates to the state of the marketplace—and not to the status of the unemployed humans. My comment about “lubricating the economy very effectively” was not intended to imply anything about human welfare.