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 Originally Posted by wufwugy
Where does the money that business owners gain come from?
What about Mumbai is related?
It has one of the most picturesque divides in wealth. You have homes with heli pads and 3rd world shacks where naked children scavenge for food in the same city. It's been experiencing massive economic growth in the last 10 years, but the large majority are only spectators to it.
I'm not saying that is something we need to worry about in the next 10, 20 or even 50 years, but gradually you'll get to a point where average joe will simply not be needed. It will always be more efficient to put a machine in his place. So, you could say, since he can no longer pay, demand goes down, and prices drop. But if your income is zero, any price is too high.
What is the free market no-welfare outlook for people whose entire job sector disappears? Transportation and warehousing is a sizable sector that probably won't follow projections, but will almost certainly disappear from the job market within 20 years. Where do you see someone who has driven trucks for 25 years go after that sector dies down completely? I'll give you that in the long run maybe new sectors will open up, but what is your theory on what will happen to those individuals?
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