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Why would the new jobs be lower pay? If a truck driver can operate one truck while an autonomous truck operator can operate say 10, then the latter's marginal r
by KKKKkkkk1 7y ago
Why would the new jobs be lower pay? If a truck driver can operate one truck while an autonomous truck operator can operate say 10, then the latter's marginal revenue is 10x more. Technology makes people more productive, which leads to greater wealth and higher pay.
- colejohnson66 7y agoTechnology does make people more productive, but the claim that it’ll increase their pay is dubious. We’ve seen many times that companies will choose to keep the money rather than paying their employees more if they provide more value than their position requires.
- BuckRogers 7y agoA more results-based analysis is that technology makes companies more productive, which leads to greater profits. What you described sounds inexperienced and naive, not matching historical results without collective bargaining. The people were just biological machines with mutually exclusive temporarily aligned self-interests.
- ctdonath 7y agoMaking productivity easier decreases the value of that productivity. Their wealth & pay may increase, but not as a 1:1 ratio to productivity. Were that not the case, there would be no incentive for customers to select the new service.