Re:Why taxing robots is not a good idea
by Fantastic_T on Thursday March 02, 2017 @03:27AM
(#13772553)
The cost of automated processes approaches zero over time, because automation can be scaled up so easily, so the cost of human labour, and scarce natural resources, will always trend toward 100% of the cost of production inputs.
The cost of a product/service is only roughly equal to the human labor needed to produce it when the human labor cost is significantly higher than the material costs of producing that product/service. When you heavily automate production, the cost of human labor becomes an insignificant factor in its cost.