Read the Huffington post article here. When people try to defend the assertion that technological unemployment is not a threat to the monetary economy I show them these two graphs.
We can see that as we move forward we require less and less human labour to support our production economy. This is great for efficiency, terrible for consumer spending power. Add to this that 78% of all companies are NON employers, meaning they are companies of one. Labour share of GDP has been falling every year as machines take over humans for the extraction of raw materials, the production, and distribution of goods. The only thing humans are capable of doing is consuming but that's all on borrowed money that can never be paid back because humans are no longer employable when compared to machines.
