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Reply to "What happens to stocks, investing and generally capitalism when automation and robots do everything?"
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[quote=Anonymous]Maybe you guys don’t read enough, but we are getting very close to having robots grow and manage our crops, take over trades, medical procedures and even 1st year legal associate jobs are in danger of being automated out. I can’t help but imagine a large segment of an unemployed population growing disillusioned with capitalism itself. They vote. And if they vote for UBI and in their natural self interest it just feels like capitalism will suffer and some new form of society will form. Basically is my VTSAX going to be worth 1000% more in 2050 is my question. We are rapidly getting to the point of mass layoffs for white collar and even some blue collar jobs soon. Plus AI doing a lot of coding and all other types of sht. You people need to read more about what’s coming.[/quote]
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