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How would you fix it? It looks like a structural/technological issue: less people needed to produce the same/more amount of value. Whereas previously you needed
by thinkloop 8y ago
How would you fix it? It looks like a structural/technological issue: less people needed to produce the same/more amount of value. Whereas previously you needed thousands of workers, now you can have a craigslist make hundreds of millions of dollars with 19 workers (they had the record at one point for most money per employee).
Labour is just less valuable now, and the system will need to change - not that it broke.