Is there a version of economic thought that doesn't necessitate constant population growth? Why is low fertility rate seen as a bad thing? Often engineering is argued in terms of tradeoffs or meeting certain requirements. Rather than follow economic theories that depend on growth, can we develop economic theories that adapt to the trends of the population rather than the other way around(Musks' need for cheap labor n…
>Why is low fertility rate seen as a bad thing? Because you'll live way past your productive years and the things you will consume (services, goods, medical, etc.) still need to be produced/done by someone. The automation aspect in economy has been way overestimated - truck drivers were supposed to be automated 5 years ago, meanwhile we are facing real world issues because of truck driver shortages. Even jobs that we…
I wonder how much of that shortage is due to over-hyped predictions about future automation? The predictions don't pan out but succeed at discouraging people from joining the profession.
> Even jobs that were considered trivial to automate like cashers are still performed by humans - after decades of self checkout tech.
Self-checkout is not actually automation. It's just outsourcing the job of cashier to a customer who then works for free.