Anthony Asks -
What do you make of Mish's argument that robots will take over jobs once based on human labor? He keeps posting articles and making comments now and then about the subject
Mish also hints in other articles that loose monetary policy and heavy regulation are driving the replacement of human labor with machines/robots much faster than we've seen. But doesn't a business owner naturally want this, regardless of government action? Does Austrian doctrine address this phenomena? And where does this leave the would-be importer?
And I say...
I'd agree the progressive's essentially anti-human policies precipitate a race to mechanization.
Sure, Biz owners want this, but they try to outrun State policy that is focussed on collectivization. All business owners are trying to outrun State harm.
The Austrian School only says absent the State, peace and prosperity.
The importer exploits management, not labor, so it matters little if items are machine made or robot made.
Feel free to forward this by email to three of your friends.
What do you make of Mish's argument that robots will take over jobs once based on human labor? He keeps posting articles and making comments now and then about the subject
That technology will solve the immigration problem before congress.
And I say...
I'd agree the progressive's essentially anti-human policies precipitate a race to mechanization.
Sure, Biz owners want this, but they try to outrun State policy that is focussed on collectivization. All business owners are trying to outrun State harm.
The Austrian School only says absent the State, peace and prosperity.
The importer exploits management, not labor, so it matters little if items are machine made or robot made.
Feel free to forward this by email to three of your friends.
2 comments:
As long as government continues to impose increasing costs on businesses (such as for healthcare) to have human employees, businesses will logically seek to minimize the numbers of employees they have. Passing laws and regulations always have unintended consequences that are almost always bad. Increasing the use of robotics and software for more tasks will come into play.
http://therightscoop.com/nbc-news-businesses-unions-colleges-all-say-employee-hours-being-cut-over-obamcare-but-wh-says-no-evidence/
Eventually there will be robots to make sandwiches too I suppose.
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