3 ms·
Every single technological advancement relieves someone of work. This allows people to put their money towards things that they would rather put money towards,
by lubesGordi 9y ago
Every single technological advancement relieves someone of work. This allows people to put their money towards things that they would rather put money towards, creating more jobs there. This makes the world a better place.
- stefie10 9y agoI agree, but technical advancements can also lead to a transfer of wealth from worker to capital owner. For example, there are roughly two million long-haul truck drivers in the US today. When we have self-driving trucks, they will lose their jobs. It's not a very fun job, and self-driving trucks will be better and safer. But it will also transfer wealth from the worker to the capital owner. It may also create other jobs etc., but clearly the wealth transfer is one part of the effect. I think that as a result it is important to pursue social policies to mitigate the disruption experienced by displaced workers, and to spread the benefit of the technology to a larger fraction of society.
- L_Rahman 9y agoIs there a well-cited 1200-1800 word categorical debunking of trickle down economics somewhere on the internet? Please tell me so that I can bookmark it and paste when I see comments like this on the internet.