3 ms·
It's kind of hard to make a sweeping statement like that. We're seeing costs and benefits of increased productivity/efficiency. My diet consists of fruits and
by qppo 6y ago
It's kind of hard to make a sweeping statement like that.
We're seeing costs and benefits of increased productivity/efficiency. My diet consists of fruits and vegetables that my parents could only buy a few times a year when I was a kid. My grandmother made dresses from potato and flour sacks during the war, and my great grandmother sold jams from homegrown fruits because sugar was rationed. I'm typing this comment on a machine manufactured and assembled halfway around the world, designed 30 miles from where I'm sitting, and last week took a medical test that was developed, tested, manufactured and shipped across the country in weeks.
To say that we don't benefit from increased productivity is not true - those anecdotes are all examples of how rapid industrialization across the globe and improved communications, design, manufacturing, operations, and strategy have quantifiably improved my life as a human.
I also wouldn't say that the boon in productivity demanded more labor. Particularly because the entry of women into the workforce was driven by the Great Inflation (which didn't improve productivity) and the tail end of second wave feminism which had succeeded in changing our society's attitude towards women in the workforce. The decomposition of that barrier in our society begot such productivity in our economy, it didn't respond to the demand for more.
But I agree, we're not getting all the benefits of such productivity. At least not all of us. But that's why UBI is probably the future, because eventually all our jobs are going to be automated.