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Maybe I am cynical or naive but if more automation and other things are causing fewer jobs. And then the remaining employees are getting paid more but there ar
by Namrog84 10y ago
Maybe I am cynical or naive but if more automation and other things are causing fewer jobs. And then the remaining employees are getting paid more but there are fewer paid workers overall. But that'd cause a rise in compensation of those employeed.
Shouldn't this be done differently?
Tl;dr; let's fire/automate half the workers. Pay the rest more. And worker Compensation will skyrocket!
- jackcosgrove 10y agoThe article cited total pay and compensation as a proportion of the economic output. It does not mention median pay increasing for workers, so the situation you're describing may very well be the case.
- collyw 10y agoWhat work has actually been automated away? There is lots of talk about it but I don't see any real evidence of it. As a developer, I can use a decent framework and modern tooling, and I can do what a team of 5 was capable of 10 -15 years ago. My work isn't vanishing. There is more of it if anything.
- harryh 10y ago> Tl;dr; let's fire/automate half the workers. Pay the rest more. And worker Compensation will skyrocket! Compensation per worker might skyrocket, but total compensation paid to workers would not. This story is about the latter.