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You have to be making some awfully specific assumptions about what the article is claiming in a throwaway sentence to conclude that it's a lump of labor fallacy
by glenstein 6y ago
You have to be making some awfully specific assumptions about what the article is claiming in a throwaway sentence to conclude that it's a lump of labor fallacy. I don't see the article committing itself to a broad argument about the theoretical fungibility (or lack thereof) of labor just because it was noting that the workers need to find new jobs. There's a huge personal cost to the workers.
>and definitely in the short term it can lead to real misery for those losing the competition and not having the time or savings to wait for a new job or for an investment to start paying off
Yes, exactly. That's a reasonable interpretation of what's being said.
>But that doesn’t mean that we should just stop innovation and stop trying to become more productive.
But I don't think this is.