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Since 1980 this globalization happened, which literally added billions of low paid people to the work force. Many of them educated. So of course there will be
by berntb 10y ago
Since 1980 this globalization happened, which literally added billions of low paid people to the work force. Many of them educated.
So of course there will be a global pressure on salaries. It is just market economics. (You can't coordinate a "New Deal" in countries all over the world at the same time.)
My point about that is -- it isn't all bad. Literally billions of people have left the utmost poverty. It just sucks for the ones of the old "middle privileged" level, like us.
If it was just that, I would cautiously be positive, but I agree -- this new level of automation implies "Big changes", which are scary. Most revolutions seems to end up with a large part of the population dead or in slavery.