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>we'll accelerate wealth/income disparity Do you believe that the wealth/income disparity would decrease if instead of employing one worker to drive a truck, e
by DINKDINK 7y ago
>we'll accelerate wealth/income disparity
Do you believe that the wealth/income disparity would decrease if instead of employing one worker to drive a truck, each box was hand carried by 1000 workers? Unless the more cost-efficient delivery companies prevent competitors from entering the (now leaner) delivery market, the result of a decrease in the marginal cost of production is more, better quality, cheaper goods whose price decrease benefits those who are at the margins the most (the group you seem to be wanting to help and who would hurt the most by artificially increasing the cost of delivering goods).
The "Curse" of Machinery https://www.stevebaker.info/quick-guides/economics-in-one-lesson-henry-hazlitt/vii-the-curse-of-machinery/ https://www.stevebaker.info/quick-guides/economics-in-one-le...
Spread-the-Work Schemes http://www.stevebaker.info/quick-guides/economics-in-one-lesson-henry-hazlitt/viii-spread-the-work-schemes http://www.stevebaker.info/quick-guides/economics-in-one-les...
- JamesBarney 7y agoSure in the long run automation benefits society. But in the short run they can definitely lead to increases in inequality. And yes if you suddenly created huge numbers of unnecessary jobs at the bottom income disparity would decrease.