>Now is a good time to start nudging down expectations.
Agreed. As technology advances, we have a much less need for labor. Yet we are not yet at the stage of "Star Trek abundance", so people still need to work for a living. A cultural shift to a shorter standard work week will be essential, I feel, to avoid having catastrophic waves of unemployment.
I'm not sure about the pay cut being wrong however. That may be necessary to some extent, society-wide. But if nearly everything is becoming automated and dirt cheap, one's standard of living need not necessarily decrease. It may dramatically increase, even if the dollar amount of your paycheck doesn't change (or even if it goes down).
Agreed. As technology advances, we have a much less need for labor. Yet we are not yet at the stage of "Star Trek abundance", so people still need to work for a living. A cultural shift to a shorter standard work week will be essential, I feel, to avoid having catastrophic waves of unemployment.
I'm not sure about the pay cut being wrong however. That may be necessary to some extent, society-wide. But if nearly everything is becoming automated and dirt cheap, one's standard of living need not necessarily decrease. It may dramatically increase, even if the dollar amount of your paycheck doesn't change (or even if it goes down).