Earlier quoted context omitted.
Limitless is not quite right: at some point, the value of work drops below the level at which a human can subsist on it. Of course, if we take away that constraint through some means, like for example basic income, then the same problem remains in a different form; the value of the work drops below the level that a human can be bothered to do it. Because this minimum exists, there is indeed a finite amount of work, a…
Except we've redefined what "the level at which a human can subsist on". Go 50, 100 or 200 years back and look at the kind of life most citizens lived. It was far below what even a person without a job today has - and a person without a job has an incredible amount of free leisure time compared to the 18 hour days that were common even 100 years ago. The simple fact is that welfare and minimum wages have removed many…
The saddest thing, for me, is the effect on economy. Since the corporate earnings remain the same but the automation means that less workers get paid (and, when controlling for inflation, workers don't get paid much more, except in a few select industries), this means that the owners keep the rest, and this is why the gap between poor and rich people is widening so fast.