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> , 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 b
by 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.