AITop post: @alexolegimas “Yes, but I think it's useful to note where the On Machinery essay is hosted. There is only one place currently hosting the essay in full is http://marxists.org. Marx used the premise of the essay to argue quite literally the same point on political economy as the original author. This debate has been happening for more than 200 years: it starts with premise, work out political economy, and on and on. So I'm saying it might be kind of useful to first examine why that premise might be wrong, given how consequential it has been to be wrong about the premise in the past. Every single job that held value in Ricardo's time *was* automated. What is our current prime age employment rate? (it is near an all time high). Why? Because the economy is not just supply, it's supply and demand. This debate and the political economy implications has been going on every 30-40 years for the last two centuries. But if you start with the wrong premise, you will get to the wrong political economy implications. None of this is to say automation will be good for inequality, or it won't be hugely disruptive. I and many others have been writing about this for a long time. See Mead for example.”