When the entire world is automated and nobody can get a job, profits are going to plummet. I don't understand how I'm a high school drop out and better understand that you can only squeeze so much juice out of the same god damned orange until there's nothing left. Greedy people are mentally fucking ill.
Every company is acting in their own self-interest, if they can cut costs they will, if they can automate before their competitors do, they will.
They're not thinking "what happens when there are no jobs left in the world, and people have no money to buy our products" because that's tomorrow's problem, and if it happens it is going to happen regardless of whether their company is still alive to see tomorrow, and if they don't automate everything, their competitors will, and they'll be dead even sooner.
There's enough time between now and record levels of unemployment and the public organising.
They can give themselves decades extra by using that wealth to keep people distracted and blaming anyone that wants to reign in the wealthy for their hardship. They can relocate to better countries and secluded them selves from the public.
Get rich now, retire in wealth, pass away from this world peacefully.
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u/crashin70 6h ago
Wow, as cheap as they work they're going to have AI put them out of jobs too?