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A hike in the cost of labour was the reason why the industrial revolution happened in Britain vs India. Even today, the cost of labour is so little in India th
by wrong_variable 11y ago
A hike in the cost of labour was the reason why the industrial revolution happened in Britain vs India.
Even today, the cost of labour is so little in India that there is no need to innovate in robotics,AI etc.
To me the question should be framed as - do we want minimum wage workers to be slaves ? This is essentially the argument being made.
If robots are actually cheaper then why haven't they being deployed yet ? Having done research in robotics when I was younger - there are more productive use of roboticist's time then to go after minimum wage service workers. Its non-trivial to exchange a waiter with a robot, and we already have "ready made" food - so why do people still go restaurant ?
The only thing a hike in minimum wage is going to do is cut into the profits of restaurant owners, landlords and big chain corporations.
- GFK_of_xmaspast 11y ago> A hike in the cost of labour was the reason why the industrial revolution happened in Britain vs India There was also the forced de-industrialization of one of those nations by the other one.
- erichocean 11y ago> If robots are actually cheaper then why haven't they being deployed yet? Easy: because software is hard.