4 ms·
Indeed, the marxist argument is that the productivity gains of the industrial revolution would allow unprecedented human freedom, if not for their capture by th
by notJim 7y ago
Indeed, the marxist argument is that the productivity gains of the industrial revolution would allow unprecedented human freedom, if not for their capture by the small class of people who own the means of production. The labor movement has played an enormous role in ensuring the working class gets a fairer share, via the 40-hour work week, collective bargaining, etc.
We may see another example of this if Andrew Yang and other folks bullish on automation are correct. The few people who own the AI systems that replace truck drivers will get fabulously wealthy, while the large mass of workers will get nothing.
In the past ~50 years in the US, labor has been on the back foot, and productivity gains have gone almost exclusively to the wealthy, rather than the working class.
- chrisco255 7y agoI'm not holding my breath on self-driving semi trucks anytime soon. They will be the last type of vehicle to be automated. It takes a lot of skill to drive an 18 wheeler from warehouse to distribution center to warehouse. They are extremely dangerous machines if not handled properly and can easily kill dozens of people if a miscalculation occurs. In the meantime, you could make the same argument about farming equipment in the 19th and 20th centuries. Yeah 90% of the population used to be farmers, and yeah the equipment automated away most of that labor, but did the former farmers and laborers lose out or did they gain, by access to the same technology... either via personal automobiles or via cheaper, more reliable supply chains of abundant food. Likewise, if and when transportation is automated, people will gain from their time saved in traffic. They will gain from cheaper costs of transportation overall which will reduce price of goods at retail. They will gain from the availability of 24/7 cheap, reliable, on-demand transportation. And no, real wages are at all time highs in the United States, with the median household income hitting $63K in 2018.
- monocasa 7y agoThey're testing self driving trucks on I-70 outside of Denver specifically to test them in the worst conditions. They're not coming, they're already here. The issue though, isn't that a specific job is going away, but instead the whole class of "human as control theory implementation" is going away. That's way more disruptive. Like, people instead becoming control software for guillotines level disruptive. > And no, real wages are at all time highs in the United States, with the median household income hitting $63K in 2018. "Real wages" mean inflation and CPI adjusted so you can actually compare them in a meaningful way. They have indeed been stagnant for median wage earners since the seventies.
- chrisco255 7y agoOut of curiosity, do you have a link to the test trials in Denver? They're not already here. Even if they're 95% of the way, if that last 5% is catastrophic failure that ends in death and destruction, it's not even close to ready for production. I'm well aware of what real wages means in terms of inflation. "From January 2019 to January 2020, real average hourly earnings increased 0.7 percent" https://www.bls.gov/news.release/realer.nr0.htm https://www.bls.gov/news.release/realer.nr0.htm
- monocasa 7y ago> Out of curiosity, do you have a link to the test trials in Denver? They're not already here. Even if they're 95% of the way, if that last 5% is catastrophic failure that ends in death and destruction, it's not even close to ready for production. I literally see Embark trucks going down the I-70 mountain in the snow. They are already here. Here says they are already making deliveries (albeit test ones): https://www.wired.com/story/embark-self-driving-truck-deliveries/ https://www.wired.com/story/embark-self-driving-truck-delive... > I'm well aware of what real wages means in terms of inflation. > "From January 2019 to January 2020, real average hourly earnings increased 0.7 percent" > https://www.bls.gov/news.release/realer.nr0.htm https://www.bls.gov/news.release/realer.nr0.htm And meanwhile when you don't cherry pick a single year (and really 0.7% increase isn't something to be writing home about in the first place), they've been stagnant for decades. https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...
- partiallypro 7y ago"In the past ~50 years in the US, labor has been on the back foot, and productivity gains have gone almost exclusively to the wealthy, rather than the working class. " How so? The poorest working people in the US today are much much much better off than they were 50 years ago. It's not even close. A lot of people have recency bias, technology gains etc have given much more freedom to individuals, made work easier and less labor intensive, that is largely due to private industry. Globally, poverty has plunged.
- monocasa 7y agoWhat stats are you looking at? Real wages have been stagnant for the vast majority of workers in the US. And the "pulled people out of poverty" thing is such a BS stat. Converting subsistence farmers into sweat shop workers so that they they have $1.50/day instead of $0/day isn't a real metric of pulling people out of poverty. It's more a metric of how tied into the global system they are.
- aeternum 7y agoAccording to this real wages have been rising for the last 30 years: https://www.factcheck.org/2019/06/are-wages-rising-or-flat/ https://www.factcheck.org/2019/06/are-wages-rising-or-flat/
- monocasa 7y agoAverage has, median has not. https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...
- refurb 7y agoYour ignoring total compensation as wages are only one part of it. Total compensation at all income levels has vastly outstripped inflation over the past 50 years.