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It's funny that productivity growth is a sign of slowing automation, when it's not actually about growth in productivity as much as it is about the consolidatio
by ameister14 6y ago
It's funny that productivity growth is a sign of slowing automation, when it's not actually about growth in productivity as much as it is about the consolidation of capital in fewer hands and lower continued expenses.
The real messed up part is that expenses don't actually have to have gone down - you could have a smaller number of people charging the company a lot more and siphoning off money to do the same work because they don't actually run a company based on efficient production and engineering standards, they run a piggy bank. A lot of those went bankrupt in 2008 and were bailed out by the government. More are on the brink and being bailed out now.