7 ms·
Well, but doesn't that mean that you already have a counter-example? In the US it IS the case that rich is getting richer and the rest aren't really benefiting
by aylmao 10y ago
Well, but doesn't that mean that you already have a counter-example? In the US it IS the case that rich is getting richer and the rest aren't really benefiting too much from all this automation.
The world is certainly doing better, but I also have to wonder how much of this is thanks to automation, and how much thanks to the fall of colonialism over the past century.
- aminok 10y agoThere are other factors at play in an economy besides automation, like forcible income redistribution. That the rich are benefiting from automation while the rest are not could be due to one of these extraneous factors. >and how much thanks to the fall of colonialism over the past century. It has to do with massive economic growth, and economic growth is really just a measure of automation. The wage growth accelerated after the fall of Communism, as market institutions gained strength.