Quote:
Originally Posted by Stu from NYC
More restaurants are going to be self service. They call your number and you go and get your dinner. Or Robby the robot will bring it to your table.
Less demand for unskilled labor.
|
The 21 century will be highlighted by technology capital versus historical land and machinery capital against labor.
The economic problem is the island economy problem.
The technology capital owners have an office building as the only office building on the island. The technology capital owners are 1% of the population.
The technology capital owners own the only robotic restaurant on the island, having put the other labor restaurants out of business.
There are two other employers on the island: the government and the fishing industry.
The fishing industry earns money by selling fish / food to the government employees.
The government earns its money from the taxes on the restaurant income and the fishing income. . . The only people who can afford eating at the restaurant are the 2% of the labor who waits on the technology capital owners.
There is no one left to afford eating at the restaurant because all the fishing income is taxed to pay for the governmental employees to buy the fish. . . except the two percent who go out once a week
Its a welfare state spiral with residents who can't afford to spend money at the automated restaurant.