consumer based system
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement May 20, 2020 by Scott Santens · across every show →
Everything said about consumer based system, oldest first
May 20, 2020 bearish
Santens: Consumer economies collapse under automation without decoupled income
“If you eliminate someone's job, then as long as income is coupled to jobs, then you actually are reducing their ability to spend on the stuff that the machines are making. So as you automate more and more, then the entire consumer based system breaks down beca…”