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Yes, most of what passes for innovation these days (Uber, Grubhub) are just new ways to undercut labor and are still only profitable if you can expand fast enou
by fallingfrog 5y ago
Yes, most of what passes for innovation these days (Uber, Grubhub) are just new ways to undercut labor and are still only profitable if you can expand fast enough to get a near monopoly in your target market.
- fallingfrog 5y agoBut yet monopolies and cutting labor costs are likely to be the main type of innovation that are possible (mostly, there is still technological change happening) due to the ongoing crisis of profitability: https://consciousnessofsheep.co.uk/2021/05/06/a-crisis-of-profitability/ https://consciousnessofsheep.co.uk/2021/05/06/a-crisis-of-pr...