Comments by "worn down" (@worndown8280) on "Automation Will Take Your Job | And Make You Wealthy" video.

  1. You left out the most important thing, scale. Air planes dont work without economies of scale, steam ships dont work without economies of scale, trains dont work without economies of scale. Our modern farming and massive costs, dont work, without scale. Going out into the Siberian tundra to drill oil wells, doesnt make sense without economies of scale. Scale matters. And for all of human history, The economies of scale has been absolute. Population was ever increasing, need was ever more. So, what happened, people had to be inventive. But what happens when that isnt the case? What happens when the population, as it is right now, begins a long steady decline. All of a sudden those vast investments dont make sense anymore. When the hope of return, instead of growing over the years, becomes less and less? Currently only 12 nations have population fertility rates significantly about 2.1, 10 of them are in sub saharan africa in nations that lack any infrastructure and are politically unstable. People think places like Japan are the future, they are wrong. Japan is the first nation to automate due to its rapidly aging population. But they did that offshoring all their work to nations with less aged populations in south east asia, primarily, that they could pay small wages to, in comparison to at home.. Well there are none of those places left. No other nation will be able to replicate that. And so as populations age, there will be more shortages, and yet, automation wont make sense since the rate of return on the massive investment will not be there. Until women decide to have more children, and those reasons are to complex to go into right now, this will not change. And even if it does, it will take at least 60 years to reverse trends.
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  2.  @davidhunter5062  gratitude
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