Random thoughts. But India's general inability to develop many new Tier 1 cities post Independence may end up being a huge stroke of luck over the next century or so. More thoughts in due course.
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Replying to @authoramish
The thought is looking at what is happening in the UK (and maybe US) right now. Lots of smaller towns built on manufacturing that have nothing to offer to the service economy.
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Replying to @sidin
Good point. Robotics is going to destroy many manufacturing jobs. Matter of time... But do u think the service industry can create enough jobs? Or will we have to move to some form of Universal Basic Income to help the unemployed.
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Replying to @authoramish
Oh I am wary of multi-faceted predictions like that. It could create a lot of jobs. But I think the assumption that the new jobs will be at least as good as the old ones may be a risky one. Could exacerbate inequality whilst making average income go up.
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Yeah. And all the social issues that come with that. I'm not a communist. They're morons. But one can't dismiss inequality completely. Governments and business elites must remain cognizant of it. Charity must increase. The fortunate must help those who are less fortunate.
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