Automation Quote by R. Buckminster Fuller
“U.S. labor leaders will realize that automation can multiply man's wealth far more rapidly than it is multiplying at present and that automation will leave all men free to search and research... Realizing the direct competition with foreign industry on a straight labor basis will mean swiftly decreasing wages per hour and longer hours and decreasing buying power of the public.”
About This Quote
Source Speech: Public Lecture on Automation, 1965
Automation can vastly increase wealth but also depress wages, extend work hours, and reduce consumer purchasing power if not managed.
In simple terms: Automation boosts wealth but can hurt wages and buying power.
Key Takeaway
Balance tech growth with fair labor policies.
Themes
economics
technology
labor
wealth
policy
Mood
concerned
analytical
optimistic
Type
advisory
critical
policy-oriented
When to use this quote
- government regulation
- union negotiations
- corporate responsibility
- public awareness
Key Concepts
automation
productivity
income inequality
market dynamics
Questions to Reflect On
- How can societies protect workers while embracing automation?
- What policies ensure shared prosperity?
A Different Perspective
If wages fall, demand may collapse, negating wealth gains.
