Re:The Next Industrial Revolution Could Put Millions Out of ...
by vkou on Thursday September 29, 2016 @12:02PM
(#12606311)
> In your example if the costs hit zero while the consumers still have money then it's a complete miracle!
Whatever money consumers have will be quickly siphoned up by both the non-productive rentier class, and profit margins - just because the production costs zero human labour, doesn't mean that the cost of a product will be zero. (Who would want to build a factory, when you can't make any margin?)
Whatever money consumers have will be quickly siphoned up by both the non-productive rentier class, and profit margins - just because the production costs zero human labour, doesn't mean that the cost of a product will be zero. (Who would want to build a factory, when you can't make any margin?)