Automation does not cause unemployment

But again, you just agreed that the amount of work is not static. Therefore, more workers can create more production then they will continue to make more production. By process of diminishing marginal value, we can see at what point we would no longer higher workers. As long as the rate of return on the worker is higher than the cost of the worker, the business with continue to higher workers. Furthermore, I am not saying that low skilled work will become ever more plentiful. On the contrary, other work will increase in plentiful amounts greater than the work […]

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