Earlier quoted context omitted.
This line of reasoning is fallacious. See the following graph: http://www.chrisstucchio.com/blog/2012/human_vs_machine_prog... So far, we've invented whole new things to work on. There is no compelling reason to believe that will continue to happen. Incidentally, that scenario hasn't always left biological entities better off. When technology reduced the wages for travel below the level of horse subsistence, the resu…
I get the argument, although the blog you linked to seems broken right now (the graph doesn't show the data that he claims it to show). I agree: at some point we'll run out of things to employ humans doing. The big question for society is, what will happen when we reach that point? The relevant evidence is that humans care much more about the continued existence of other humans, to a much stronger degree than they do…
If we don't deal with this situation before it happens (and, IMO, this shift has already started though it'll be decades before it takes full shape) there will be bloody revolution to the point of societal collapse. Having a bank account with a lot of zeros in it won't count for much by then.