5 ms·
Yeah, but each company just thinks in isolation. It's a bit of a prisoner's dilemma.
by elsurudo 9y ago
Yeah, but each company just thinks in isolation. It's a bit of a prisoner's dilemma.
- samfisher83 9y agoEdit: I think my comment was misunderstood.
- harryh 9y agoThis is wrong. From the perspective of, say, 200 years ago everything has been automated. But everyone definitely hasn't lost. It's actually the opposite. Automation makes us all better off.
- elsurudo 9y agoExactly right.
- pc86 9y agoPlease actually provide substantive content to the discussion or don't comment.
- jnwatson 9y agoYes, but if only all the fast food restaurants automate, only a small part of demand is lost. Clearly, it is optimal strategy to automate because other industries will take longer to automate.