Re:The AI Unemployment Anti-FAQ (2013)
by MustrumRidcully on Thursday December 22, 2016 @06:48PM
(#13241550)
Quality food is cheap? Have you ever lived in a big city?
If you come to Europe, you'll see that building a nice house wasn't reserved to the rich. And anyway, if we believe GDP figures, a rich man 200 years ago had the purchasing power of a middle-class american living in a McMansion.
Capital can depreciate, of course. It did, and wealth went from the rustbelt to the techies and financiers who own the algorithms.
If you come to Europe, you'll see that building a nice house wasn't reserved to the rich. And anyway, if we believe GDP figures, a rich man 200 years ago had the purchasing power of a middle-class american living in a McMansion.
Capital can depreciate, of course. It did, and wealth went from the rustbelt to the techies and financiers who own the algorithms.