Thesis; The luddite fallacy is not fallacious if the speed at which a process can be automated >= speed at which displaced workers can move areas or skills.
If a robot is equal in power and ability to a human... what will be the socioeconomic consequences?
Areas to investigate.
1. Economic impact of slavery - 17th C. Europe, but this isn't a direct comparison, the slaves were not replacing workers they were expanding a whole new industry. On the other hand, one could look at times when a sudden flood of money destabilised an economy. What about the impact of silver on the workers of Spain in C16 C17?
2. Economic model of automation
3. Studies of flexibility of workforce in moving skills / geographic area in response to challenges. Perhaps case study on Yorkshire mining industry? Are there any figures that quantify the rate at which a community can respond to the removal of its primary source of employment?
4. The concept of value in economics. Where does value come from, how does the Marxist concept of value added through transformation by labour fit an automation model?
5. The end game of Capitalism. If you have Capital, you can have robots. You win. All others are unemployed. What does this mean for the meaning of money?
Implications, and recommendations.
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