"The fact is that robots are brilliant at supply, but they don't create demand. Only humans create demand - and if the majority of humans are so poor that they can only afford basic essentials, the economy will be constrained by lack of demand, not lack of supply. There would be no scarcity of products, at least to start with....but there would be scarcity of the means to obtain them.
What does a demand-constrained economy look like? Firstly, it is deflationary for everything except basic essentials. Secondly, a demand-constrained economy is sluggish. And thirdly, a demand-constrained economy is an unattractive place for businesses."
http://www.pieria.co.uk/articles/the_wastefulness_of_automation
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