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Automation implies boosting productivity. Who gets to keep the surplus (profit)? During New Deal and Great Society, Capital shared that surplus with Labor. Sin
by specialist 6y ago
Automation implies boosting productivity. Who gets to keep the surplus (profit)?
During New Deal and Great Society, Capital shared that surplus with Labor. Since the mid 1970s, not so much.
Instead of automating, we could simply eliminate huge swathes of work. Squint a bit, and all the bureaucratic burden (bullshit jobs) just look like very complicated rent seeking.