Earlier quoted context omitted.
> We need some type of off-ramp Now, we're talking. Often, there will be handwringing about low-wage jobs from people who wouldn't dream of working low-wage jobs and who benefit from the existence of low-wage jobs. Often, that will be invoked as a rebuke to automation. But, automation in general isn't a threat to workers or well-being. In fact it's productivity gain which benefits well-being by lowering costs and rai…
Oddly enough people are self-regulating, so few people are having children now because modern economics makes it a bad idea for most people . In my grandfather's time you could work a normal job and buy yourself a three-bedroom house in what's now one of the most expensive cities in America. If I wanted to buy the same house at the same city, me and a partner would both have to make 150k to 200k each. And even then w…
Patents, copyrights, subsidies, ZIRP, foreign policy, etc., even without reporting to value judgments of "good" and "bad" and sticking safely with neutral terms, all these things involve trade-offs. They have consequences. They do tend to pick winners and losers.
The point is that the shape of society is a matter of choice not chance, technology, or divine providence.