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I think this really highlights one of downsides of being an employee. If you were the founder of company and you found a way to automate a job, all that economi

I think this really highlights one of downsides of being an employee. If you were the founder of company and you found a way to automate a job, all that economic benefit would go directly to you. If you are an employee, your employer gets all of it.

youomakei 7y ago
Not if you don’t tell them/give it to them
- ElFitz 7y ago
  Or if you somehow manage to keep some of the benefits. Could be higher compensation associated with a shift in role, equity and / or reduced working hours / days, depending on what you're looking for.
paganel 7y ago
> , all that economic benefit would go directly to you. One of the Marxist theories of work/value is that most probably that automatization of work will also be done by your direct competitors, at pretty much the same costs, at which point both you and said direct competitors will have the same lower and lower margins for that work that has just been automated. At which point extracting higher margins that will allow you to differentiate your company from your competitors goes back to extracting "value" from manual work (or "exploiting workers", as the marxists would put it) not yet automated. You could say that much of today's so-called "stagflation" is caused by the powers that be (or the "capitalists") not being able to find enough manual work to extract value from (some of the economists are a little euphemistic in their language and call this phenomenon "under-employment").
- chii 7y ago
  > direct competitors will have the same lower and lower margins for that work that has just been automated. and thus society is enriched because a goods/service has just been made cheaper, so more people can afford them. The problem comes when the workers made redundant has no opportunity to retrain/reskill into something else.
Ididntdothis 7y ago
There is this clear split in companies between people who benefit from more efficiency and people who are viewed as pure cost factor to ideally being eliminated. That’s why I am telling young people to look for jobs in companies where top management understands and values your job.
- chii 7y ago
  > look for jobs in companies where top management understands and values your job. or values your intelligence and trust in you to create value. This usually only happens if the boss is intelligent enough to see the value in trusting an employee like that in the first place.

youomakei 7y ago

Not if you don’t tell them/give it to them

ElFitz 7y ago
Or if you somehow manage to keep some of the benefits. Could be higher compensation associated with a shift in role, equity and / or reduced working hours / days, depending on what you're looking for.

paganel 7y ago

> , all that economic benefit would go directly to you. One of the Marxist theories of work/value is that most probably that automatization of work will also be done by your direct competitors, at pretty much the same costs, at which point both you and said direct competitors will have the same lower and lower margins for that work that has just been automated. At which point extracting higher margins that will allow you to differentiate your company from your competitors goes back to extracting "value" from manual work (or "exploiting workers", as the marxists would put it) not yet automated. You could say that much of today's so-called "stagflation" is caused by the powers that be (or the "capitalists") not being able to find enough manual work to extract value from (some of the economists are a little euphemistic in their language and call this phenomenon "under-employment").

chii 7y ago
> direct competitors will have the same lower and lower margins for that work that has just been automated. and thus society is enriched because a goods/service has just been made cheaper, so more people can afford them. The problem comes when the workers made redundant has no opportunity to retrain/reskill into something else.

Ididntdothis 7y ago

There is this clear split in companies between people who benefit from more efficiency and people who are viewed as pure cost factor to ideally being eliminated. That’s why I am telling young people to look for jobs in companies where top management understands and values your job.

chii 7y ago
> look for jobs in companies where top management understands and values your job. or values your intelligence and trust in you to create value. This usually only happens if the boss is intelligent enough to see the value in trusting an employee like that in the first place.