I
often hear that most jobs will be replaced by robots or mechanical functions
someday, and my first thought was that might be a lot more money and effort
than continuing to employ people. It would be expensive to create, install, and
maintain all that machinery. Mike said the initial cost would be high but that
it wouldn't expensive in the long run. That might be true. In that case, the
majority of human jobs would
be based on building and installing the technology, until machines can do that
too. Once that happens, I wonder if there would be a financial meltdown or if
the need for humans to have jobs would be obsolete--in the same way we see
outdated technology as obsolete? And if that's the case, would we reconfigure
our entire foundation of economics? Would there even be a purpose for money
anymore?
