4 ms·
That book was good, and I agree that it worked out for longshoremen, but consumers are the ones who've paid for their job security and high salaries.
by nickff 10y ago
That book was good, and I agree that it worked out for longshoremen, but consumers are the ones who've paid for their job security and high salaries.
- vkou 10y agoConsumers would otherwise have had to pay some other amount for their unemployment, poverty, and reliance on handouts. Laying all of them off also has costs, both financial and human. If every human being was replaced by a robot, the cost savings to consumers would be enormous. There would also not be any consumers, as nobody would have money to spend.
- toomuchtodo 10y agoConsumers and businesses are always going to pay for those who don't work, it's just the mechanism by which we transfer that wealth. That's how social safety nets work.