It doesn’t need to be a decade. It can be 40 years and it’s still going to be a problem for someone trying to pay off a house.
Google says there are a million electricians earning an average of 60k in the US (I guess mostly not going on ski trips to Japan on that salary). That’s 60bn a year on the table for anyone who can automate that work. How long would you bet it will be before it’s automated? I’d say not ten years but I’d be surprised if it were not done in fifty.
This is great for anyone who has sufficient capital to afford housing, food, and energy. Long term decreases in real salaries means people are more dependent on state / company / family gifts. People without access to this have bad lives. Question is how generous the gifts will be.
Google says there are a million electricians earning an average of 60k in the US (I guess mostly not going on ski trips to Japan on that salary). That’s 60bn a year on the table for anyone who can automate that work. How long would you bet it will be before it’s automated? I’d say not ten years but I’d be surprised if it were not done in fifty.
This is great for anyone who has sufficient capital to afford housing, food, and energy. Long term decreases in real salaries means people are more dependent on state / company / family gifts. People without access to this have bad lives. Question is how generous the gifts will be.