In Khosla’s eyes, GDP will become a less meaningful metric to measure economic success. While plummeting employment would reflect a deflationary economy, that isn’t such a bad thing, he suggested. Cheap automated labor, in part thanks to a billion bipedal robots he thinks will arrive in the next decade, would drive down production costs, meaning goods and services would be far cheaper and require far less spending—good news for a hypothetically large slice of the population no longer working.
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