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If the robots double the profit margins then you can sell half as many widgets and make the same profit.
by aianus 10y ago
If the robots double the profit margins then you can sell half as many widgets and make the same profit.
- soundwave106 10y agoRight, but the robots displace jobs to the point where only 1/4 of the amount of people can actually afford to buy your widget, your profit will fall. (Obviously, if jobs merely shift, as has happened in previous technological disruptions, this scenario isn't a problem.)
- euyyn 10y agoUsually there's much much more people buying any given thing than people producing it.