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Yes, but step 3 won't happen. For a while it will look like it's happening, but ultimately it's not sustainable, as you've concluded.
Which is why it's won't happen. Humans are not just passive actors reacting to economic stimuli, we can take intentional actions. We can see it coming, so we're going to do something about it.
Not by rabidly creating jobs out of thin air, I hope. This is currently the "solution", everyone wants to "create jobs", which works for now, but there's no point in creating jobs that are fundamentally useless because a robot could do them. Then you might as well get a robot to do it and pay the human for sitting on his ass.
So, that is exactly what will happen eventually, after stretching the creation of nearly-pointless jobs to the max. We will pay humans to sit on their ass. They can go do something more interesting too I suppose, doesn't make any difference.
This isn't a surprise, we're already doing it with people who have nothing to offer society, there will just be more of them. It's not communism, there's still an incentive to work. But you wouldn't have to, and there would be plenty of people for who there just is no job, who just have nothing they can do that couldn't be automated.
(inb4 "lol, skipped econ101", I didn't make this up)
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littleGreenDude wrote: 1. Replace people with robots to manufacture goods for consumers.
2. Consumer loses job to robot.
3. Consumer has no money to purchase goods.
4. Robot no longer needed to manufacture goods.
5. You save a lot of money in robot repairs as they are stopped.
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OG has a lot to answer for... 
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack.
--Winston Churchill
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Never having been there, all I know about Wales and the Welsh has come from CP.
That being the cause, it's quite understandable that I doubt it was an accident - and something more "Bill Cosby-ish" in nature.
Oh - one more thing - reading the text of the article makes me think that the threshold for calling something a 'rampage' seems to be quite tame in some parts of the world.
| Ravings en masse^ |
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| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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W∴ Balboos wrote: ll I know about Wales and the Welsh has come from CP
Like their Devonian cousins they are a special bunch! Think deep south US beer drinker, with a sense of humour.
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...and more teeth.
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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...and higher IQ.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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If they do they hide it well!
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Munchies_Matt wrote: Think deep south US beer drinker,
Actually, now that you mention it, they share that deep and special affinity with domesticated livestock.
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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and siblings.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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Baa Baa black sheep have ye eaten weed?
Yeah man Yeah man, three bags full.
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There has been an outbreak of a nasty illness among hardcore Star Wars fans.
It causes them to dress in a dark cloak, act all evil, and carry a toy lightsaber; and makes them believe women will swoon and want to do naughty things with them.
It's called Sithilis...
I'll get me coat.
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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I vote for a rename of this disease to Sillythis.
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OriginalGriff wrote: I'll get me coat.
If you cannot find it, please let me know immediately. I don't want any excuse for you to stay longer 
cheers,
Super
------------------------------------------
Too much of good is bad,mix some evil in it
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Hey! You can't throw him out before he has given us the Thought of the Day! 
Anything that is unrelated to elephants is irrelephant
Anonymous
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The problem with quotes on the internet is that you can never tell if they're genuine
Winston Churchill, 1944
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I'd just like a chance to prove that money can't make me happy.
Me, all the time
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This post of him was enough for me to stop work and be thinking rest of the day. So I am good with no "Thought for the day "
cheers,
Super
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Too much of good is bad,mix some evil in it
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Johnny J. wrote: You can't throw him out before he has given us the Thought of the Day!
You think?
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No, he does!
Anything that is unrelated to elephants is irrelephant
Anonymous
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The problem with quotes on the internet is that you can never tell if they're genuine
Winston Churchill, 1944
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I'd just like a chance to prove that money can't make me happy.
Me, all the time
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You cannot have been sabre when you thought that one up!
... such stuff as dreams are made on
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Oh, come on now! Look on the light side.
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I'll give you Amidalla to stop with these puns.
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anaKIN you? I could use the money... Need coffee.
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Wookie here, another coffee fanatic.
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Nah, I'm not a coffee person. I just use it to bring my heart rate up. I'm an Alderaan junkie.
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