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Or you know, the costs have fallen and the flexibility & capability automation has improved.
by Quequau 10y ago
Or you know, the costs have fallen and the flexibility & capability automation has improved.
- mjn 10y agoYeah, articles that focus on wages as the primary driving force (or here, wages plus currency movements) are missing the main picture. Changes in wages do make a difference at the margins, but only the margins: a 15% wage change in one direction or another simply speeds up or slows down the schedule of automation being rolled out, but it doesn't make previously completely infeasible things feasible. Tech developments, on the other hand, can produce order-of-magnitude improvements in costs and capabilities, which swamps these smaller currency/wage movements in terms of making things feasible and economical to automate.