5 ms·
The idea is interesting but intuitively I don't think the math works out. I understand the hedge angle, but done at large scale this type of investment -labor a
by gomox 8y ago
The idea is interesting but intuitively I don't think the math works out. I understand the hedge angle, but done at large scale this type of investment -labor automation companies- is unlikely to yield very good returns (say, 10% yearly or so) and is therefore incapable of providing enough income for a worker to retire on (based on a plausible investment amount available to a unionized worker).
- mrtksn 8y agoGood point, but the idea here is that if the workers invest in the inevitable future and turn automation into a passive income instead of total loss for them(as it will happen when their trade is robotised by someone else). They might as well invest in anything else however collectively investing in the business they understand and are part of could bring considerable advantages such as educated “bets” in the startups and structured job losses(as not everyone will lose their jobs to the automation at the same rate) and all the the benefits that come with scale as opposed to individual micro investments.