Comment Re:mispoke (Score 1) 307
The only way to increase wealth by reducing the number of jobs is to increase the worth of the remaining jobs or to increase material trade.
Jobs are a form of trade (trading your services for money). Every trade/transaction provides both parties an increase of value or worth; the employer deems the services received to be worth more than the money, and the employee deems the money to be worth more than his or her time. Throw billions or trillions of transactions together, you have an economy.
So reducing the number of jobs (transactions) directly negatively impacts the economy.
Fine, but if the jobs are better and/or material trade increases, doesn't that build wealth?
Even material trades rely on jobs. Every bit of wealth in our economy can be traced back to some physical labor. Gold, oil, food, and all materials are worthless until someone harvests those items. Many items also are refined or otherwise made more valuable by labor, such as sewing cotton to make a shirt. So it all goes back to jobs.
I doubt the loss in number of jobs will be offset by how valuable the remaining jobs are. Even if it is, scarcity will eventually become a factor, as material possessions lose value (due to consumption or depreciation) and only the elite robot owners/operators will have replacement items. Those elites will have all the wealth, and more and more of the remainder of the human population will lose wealth.
So I highly doubt wealth is innately created by destroying jobs, and even if it is, it will only serve to increase the chasm between the rich and the poor.