On the other hand, turns out that once a shirt is cheap humans will buy not just one extra so there's one to wear and one to wash, but a dozen, or hundreds. And they'll throw it away when it's a little worn not when it falls apart. So while industrialisation of fabric and clothing production made clothes cheap, the result wasn't that fewer people were employed in that work but that we just all bought more clothes.
I hope he's not listening to tunes. A change in the sound it's making is often the first warning that your $500,000 piece of machinery is about to self destruct.
Whose machine?
Think: there used to be a theoretical limit to how much regulation could exist, because the regs had to be known by a person (otherwise how are they enforced?).
Now we have regtech. A whole industry built on automating compliance.
How long before each individual needs a regtech software program (or two!) just to function in society? I'm not talking about tax filing, that's just the start.
We don’t even have self-driving cars yet, how can you know what effect they have?
And not all automation increases worker productivity, lots of it just eliminates workers from certain jobs altogether, e.g. self driving cars / trucks.