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Paul Krugman: Is Growth Over?

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Smart machines may make higher GDP possible, but also reduce the demand for people -- including smart people. So we could be looking at a society that grows ever richer, but in which all the gains in wealth accrue to whoever owns the robots. And then eventually Skynet decides to kill us all, but that's another story. Anyway, interesting stuff to speculate about -- and not irrelevant to policy, either, since so much of the debate over entitlements is about what is supposed to happen decades from now.

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At krugman.blogs.nytimes.com

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