I think libertarians need to figure out a good response to the forecasted developments discussed here in this Wilson Quarterly piece. But first, is a response unnecessary since these developments won’t really come about (perhaps due to Say’s Law*)? Or will there indeed be a larger and larger number of difficult to employ people around due to technological changes – and also more fodder for a policy response to redistribute wealth to them?
* Is the reemergence of domestic help a sign that Say’s Law will come into play and save the day? But will the policy responses advocated here actually make the supply of people willing to meet such demand harder to find? File this under market distortion!
PILEUS 