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The Water Cooler
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<blockquote data-quote="ShaunyP26" data-source="post: 2961836" data-attributes="member: 42035"><p>Yes but less people than before. Robots also don't buy homes, cars, or any other local goods or services provided by the other people employed in the local economy. Of course, the robot owners profits increase but unless there are other industries to absorb the displaced workers at comparable salaries then the net result is everyone is worse off even if a few make outsize profits. Robots are a distribution problem, not an economic growth problem.</p></blockquote><p></p>
[QUOTE="ShaunyP26, post: 2961836, member: 42035"] Yes but less people than before. Robots also don't buy homes, cars, or any other local goods or services provided by the other people employed in the local economy. Of course, the robot owners profits increase but unless there are other industries to absorb the displaced workers at comparable salaries then the net result is everyone is worse off even if a few make outsize profits. Robots are a distribution problem, not an economic growth problem. [/QUOTE]
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