I agree with an this. But the other things to consider are that automation should make it easier to break into an industry. I worked for an upstart insurance company using automation to serve half a million customers with 6 core staff. With automation it’s becoming easier for a few bright people to set up a competing service, not harder. At some point (and obvs it will probably be a bumpy ride) but at some point more competitive services should be available to both consumers and the government. That should make gov spending go further. Maybe that’s miles away from the American mindset, but in UK / Europe people are looking for the point where automation allows certain basic services to be provided from the government for free (or at least covered by existing taxes). Which should lead to some standard of living improvements even if in other areas ghoulish megacorps still hoover up the power.
I agree with an this. But the other things to consider are that automation should make it easier to break into an industry. I worked for an upstart insurance company using automation to serve half a million customers with 6 core staff. With automation it’s becoming easier for a few bright people to set up a competing service, not harder. At some point (and obvs it will probably be a bumpy ride) but at some point more competitive services should be available to both consumers and the government. That should make gov spending go further. Maybe that’s miles away from the American mindset, but in UK / Europe people are looking for the point where automation allows certain basic services to be provided from the government for free (or at least covered by existing taxes). Which should lead to some standard of living improvements even if in other areas ghoulish megacorps still hoover up the power.