Interesting.
Quote from trader345:
this labor surplus is a real problem. Companies like Facebook that are winners in the new industries only need a relatively small amount of people compared to the old manufacturing industries. In the ghetto unemployment can be higher than 50%. What's to stop it from spreading as the suburbs decay?
It's going to be a worldwide problem. Foxconn is going to replace its workers with robots.
A creative and rather brilliant article. It leaves unaddressed for now the problems that will naturally arise in a future "robotic nation" because of human nature and the broad distribution of human physical and mental abilities.