Inflation mystery. An Aha! moment for me.
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(06-28-2011, 05:01 PM)--Pete Wrote: What happens to "an honest day's work for an honest day's pay" when there is no demand for the work? Who owns the profits of production when the producers are robots?

I realize this is a serious discussion... but someone has to mention Steel Beach by John Varley in this context. The novel explores the concept of when there is little demand for work at all (the only work left is in entertainment). Even more than simply no demand for work, this is a society where the classic economic problem of scarcity is no longer a problem.
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RE: Inflation mystery. An Aha! moment for me. - by vor_lord - 06-28-2011, 05:16 PM

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