The need for employers in society overstated here. Anyone can buy and sell for a living without being employed, and now with the internet it's even easier to do that.
True, you may not be able to fulfill all of your needs by buying and selling. People who do that usually experience some level of poverty. But it is and always will be an option available to unemployed people.
How many stories are there of people starting at flea markets and yard sales and ending up with investments worth thousands of dollars?
Folks got along fine without corporations and 9 to 5 jobs for many centuries. Individuals and families still became as rich as Gates is, relatively speaking, or even richer. I'm confused that he doesn't seem to know this.
But I think he's mostly right in what he says about automation, and he of all people certainly would know.
True, you may not be able to fulfill all of your needs by buying and selling. People who do that usually experience some level of poverty. But it is and always will be an option available to unemployed people.
How many stories are there of people starting at flea markets and yard sales and ending up with investments worth thousands of dollars?
Folks got along fine without corporations and 9 to 5 jobs for many centuries. Individuals and families still became as rich as Gates is, relatively speaking, or even richer. I'm confused that he doesn't seem to know this.
But I think he's mostly right in what he says about automation, and he of all people certainly would know.