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That assumes the work stays the same- people can be repurposed to do something else or fired. Investing heavily in tech is a big risk and is something that slow
by albertgoeswoof 9y ago
That assumes the work stays the same- people can be repurposed to do something else or fired. Investing heavily in tech is a big risk and is something that slows this kind of unemployment significantly
- maxerickson 9y agoSure, it's a cartoon example. But I think the broader point, that businesses can afford to invest quite large amounts to reduce labor costs, is not very controversial.
- HeyLaughingBoy 9y agoIt's really not a cartoon example. I've seen your point but in reverse: small shops that get big contracts go out and buy $500,000 machines instead of hiring 10 people to do the work.