Technology vs. economy in a nutshell

Paul Krugman continues to ponder the impact of technology on income distribution.  The takeaway, in my opinion, is here:

Smart machines may make higher GDP possible, but also reduce the demand for people — including smart people. So we could be looking at a society that grows ever richer, but in which all the gains in wealth accrue to whoever owns the robots.

A troubling prospect indeed…

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