That’s how it has always worked in the past. That does not mean it will always be so. I think the past trend will continue for a few more generations. Then at some point, the robots and computers will be very smart and capable of doing almost all work. The need for labor will then dramatically decrease. This will happen with a much higher population than the world now supports. Fixing and designing new robots and computers can only absorb so many, and many will not be capable of doing those jobs.
I hope this is 100+ years off, but I think that it will someday come to pass.
I don’t know the solution, but something like Yang proposes may have to be implemented (in the distant future). There may be two classes that emerge: a welfare underclass of 90% and a wealthy class of 10% who can and do perform the very high value jobs still available. Of that 10% around 1% will just own and not work (we’ve always had that situation). The wealthy must keep the welfare classes well enough fed and housed (and entertained) to stave off revolutions. Robot and drone armies wouldn’t hurt either.
So many futurists and assorted egg heads support Yang. He’s hopefully way ahead of his time--like a hundred years or more.
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Last edited: Sep 18, 2019