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24
Feb

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While I’m with you that FI/RE is a hedge against automation to some degree, I also see a big problem with this line of reasoning. The fact is that the businesses that pay me dividends rely on consumer spending to stay profitable, and if automation creates massive unemployment, it will also (obviously) create a large drop in that consumer spending. Corporate profits decline, indexes drop, and businesses can’t afford to sustain their dividends.

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