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> No it's about money and who gets it. You’re overlooking many points. Firstly, it’s not just a question of management vs labour. Capital needs to be compens
by mr_toad 7y ago
> No it's about money and who gets it.
You’re overlooking many points.
Firstly, it’s not just a question of management vs labour. Capital needs to be compensated, or no-one will provide it.
Secondly, not all labour is equal. With increasing automation, some labour will become more productive, and more highly compensated. Other labour will become obsolete. The total size of labour compensation could go either way.
The size of the cake is not fixed. Greater efficiencies could lead to greater margins, greater sales and more for some, or more for all. Or it could simply lead to the same product being delivered more cheaply (and at this point, the world needs more efficient transportation, it doesn’t need even more cars).
No-one, not management, not the investors, not the labour force is entitled to a particular stake in the future by virtue of the status quo. If personal automobiles were magicked out of existence by some revolutionary new device, I’d say good riddance.