If jobs are “lost” because robots are doing more work, why is it a problem that the population is aging and there are fewer in “working age”? Shouldn’t the two effects sort of cancel each other out?

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If jobs are “lost” because robots are doing more work, why is it a problem that the population is aging and there are fewer in “working age”? Shouldn’t the two effects sort of cancel each other out?

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Anonymous 0 Comments

Marx wrote a really good book on this topic called Das Kaptial. I highly recommend it.

In the book, he notes that the purpose of automation from the perspective of the business owners is to increase profitability, not to lighten the load of the worker. In fact, the machinery increases the value you can get out of workers, and the business owner is thus motivated to work them even harder, to make that much more money!

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