“The complete robotization of our society is likely to lead to overproduction of goods and services. Yet, since it is claimed that most people will lose their jobs to the robots, there will be a global unemployment rate of unprecedented scale which in turn will collapse the demand for those robo-made goods and services. Combine this with a population explosion of 9 or even 10 billion mostly unemployed people who have no means to create income and buy anything, and we are looking at a global economic collapse.”
Top 10 Reasons We Should Fear The Singularity
https://www.singularityweblog.com/top-10-reasons-we-fear-the-singularity/
via Instapaper
Top 10 Reasons We Should Fear The Singularity
https://www.singularityweblog.com/top-10-reasons-we-fear-the-singularity/
via Instapaper
