Quote:
Originally Posted by bopat
China doesn't innovate, they copy
Robots work 24x7x365, China can't compete with that
The old globalism is gone. The new automation, AI and robotics is here and growing.
It will be fueled by high quality USA made products just like before.
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robots don't increase human employment, they cannabalize human work, so who is going to fund your Social Security then?
The only answer for robotic automation is to tax capital as high as salaries were in the depression, and then provide back universal basic income, (UBI) . . otherwise, agricultural and industrial tax and spend policies won't have a chance.