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> The wealth generated by this astounding leap of productivity went entirely to the shareholders of the John Deere corporation. It's worst than that. Only a ve
by altcognito 11y ago
> The wealth generated by this astounding leap of productivity went entirely to the shareholders of the John Deere corporation.
It's worst than that. Only a very small portion goes to the machine maker.
Most of money that used to goto the cost of the labor displaced by the machine (which came from the harvesting of crops) goes to whomever reaps the rewards of the farm itself. It might be the farmer, or if the farmer is a simple laborer running the machine on behalf of another, it's likely a multi-national company with the capital to purchase the initial machinery and amortize those costs over many years.