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Income inequality in the United States has risen sharply in recent years and continues to get worse. Widespread unemployment is becoming imminent, as more and more traditional jobs are replaced by technology and automation. Without serious intervention, we could face massive increases in poverty and civil unrest in the years ahead.
In the future, when nearly everything is run and produced via automation and AI, only high skilled people with a drive to succeed will want, and fill jobs. You act as if once humans don't HAVE to work, humanity will degenerate into some dystopian hell hole with no hope of escape. There's a reason why people, after retirement, don't just melt into their couch and become one with the living room. They get bored, they want to create, or play. It's natural human tendency to want to stay busy, work, and play. Just because the NEED for work goes away, doesn't mean people won't still innovate, create, learn, and be HUMAN.
originally posted by: SpaDe_
What happens when the people who work to support the people who do not decide to stop supporting them or join them? How can you get something from nothing? This doesn't end in a utopian future for all, it will most likely end in dystopian future based on the way things are going.
About half of Americans are saving no more than 5% of their incomes, according to Bankrate. Roughly one in five (18%) are saving nothing at all, and another 28% are saving only 5% of their annual income or less.
A study by the Federal Reserve found that 47% of consumers could not cover an emergency expense costing $400, or would have to cover it by either selling something or borrowing money.
According to a survey fielded by BMO Harris, 29% of Americans say that whatever they’ve got scraped together in their rainy day fund would last them no more than one month. One in five confess they would need to dip into their retirement savings in a financial emergency (and that’s probably most of those who have any money saved for retirement).