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But average IT worker wages have also more or less stagnated. By some accounts we have done somewhat better than the rest, but most the expansion is on the weal
by tabtab 8y ago
But average IT worker wages have also more or less stagnated. By some accounts we have done somewhat better than the rest, but most the expansion is on the wealthy end. Therefore, it's not just the ability to automate.
- username90 8y agoWhen work is automated the productivity comes from owning the automation, not doing it. Meaning that the top 0.1% who owns all the automation are taking most of the gains. This is only possible thanks to the top 10% selling all their automation work to the top 0.1% for cheap.
- tabtab 8y agoOkay, but most owners own out of luck or family, not because they are special. Or, they did one thing special at the right time, which then allowed them to start accumulating ownership in a snowballing fashion. Most of Microsoft's well-known products were purchased from/as start-ups or small co's.