4 ms·
That is only true if your only expense is labour, something that's true out-call prostitution and little else.
by buzzkillington 7y ago
That is only true if your only expense is labour, something that's true out-call prostitution and little else.
- logicchains 7y agoProductivity is defined as output per unit labour. This means any profitable investment the firm makes will increase productivity (assuming the number of employees remains the same). If the minimum wage was indexed to productivity, then any such investment would increase labour costs.
- buzzkillington 7y agoYes, so the only way to increase profits is to increase automation. A much better use of human brains then using them to flip burgers.
- manigandham 7y agoSo automate away all the jobs? What are people supposed to do then?
- buzzkillington 7y agoThe sewers have put all the nightsoil men out business, yet I say society is better for automated toilets.
- manigandham 7y agoIt remains to be seen whether we will really have enough "creative" work for people to do.
- fnenrjfkdke 7y agoEnjoy themselves.
- SuoDuanDao 7y agoLive humbly on UBI, grow vegetables in your yard and invent a better method of automation in your garage. If you succeed at the latter, who knows? To me the point of UBI+Automation is that we unlock the potential of more people following a muse without needing to spend too much time surviving.
- pshc 7y agoLatte art and craft brewing.
- Intermernet 7y agoFunnily enough, Australia employs more barristas than coal miners, but the coal mining sector gets more government subsidies than the latte industry.
- kd5bjo 7y agoIndexing doesn’t have to be 1:1; the goal is to ensure some of the productivity gains go to the workforce, but that can be done while still allowing improvements to be a net benefit to the company.