I think Western economies need to seriously prepare for this within the next few decades. Manufacturing automation and AI will continue to marginalize labor and social services will continue to expand to fill the gap.
UBI or ultimately a resources based economy could become the only way to provide for a population that once could afford to stoke the fires of consumerism. We will probably find ourselves there on accident. Meaning, the transition will be a disaster.
I think Western economies need to seriously prepare for this within the next few decades. Manufacturing automation and AI will continue to marginalize labor and social services will continue to expand to fill the gap.
UBI or ultimately a resources based economy could become the only way to provide for a population that once could afford to stoke the fires of consumerism. We will probably find ourselves there on accident. Meaning, the transition will be a disaster.