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Automation ENHANCES Economic Well Being

From: F
Sent: Thursday, January 19, 2017 10:43 AM
To: wblock@loyno.edu
Subject: Greetings Dr.Block
Is automation the final nail in the coffin for libertarianism? The current wave of automation that is expected in the next couple decades is one that might make manual labor jobs obsolete. One that might require something like a UniversalBasicIncome policy. Most libertarians bring up the point that we have had similar automation waves in the past. But those never made manual labor jobs obsolete, you can still get a job flipping burgers or carrying wooden planks around. But machines and AI are getting to the point where they will be able to do all the manual labor that humans can do now without a salary requirement. Now what’s the deal with manual labor? Well these are the kinds of jobs that require no special talent or high intelligence, if you have two arms and a pair of legs you can do them. So what I am saying is that with automation many of our current workforce will not be able to find work, which is a big problem and might require a universal basic income policy. What does Dr.Block think about this issue? F

Dear F: I think this is economic illiteracy. For a good analysis of automation, go here: https://mises.org/search/site/automation

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