> Citation badly needed here
Fair enough.
https://www.nber.org/papers/w24127
Fair enough.
https://www.nber.org/papers/w24127
What I want to know is what happens at scale if people retire at 30 or 40, or maybe if they never work at all. The idea is that automation might free up people from work entirely. I don't think it's fair to extrapolate data from people who have been working for 30+ years and then had an "early" retirement.
That aside, a society in which no one supports himself but rather is dependent on the noblesse oblige of the state to survive is a dystopia I hope never to see.