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> Is it making the average worker poorer? Almost certainly, yes. The economy is not a fixed pie, but unless it's the CEO driving the productivity gains of a c
by rconti 5y ago
> Is it making the average worker poorer?
Almost certainly, yes.
The economy is not a fixed pie, but unless it's the CEO driving the productivity gains of a company, there's no real reason to give them a more and more outsized share of the revenue. It could go to the workers, or the shareholders.
- shadowlight 5y agoThe economy is not a fixed pie but it's also not a source of unlimited riches. All production is limited by rate of available energy and/or available extraction of material. It is actually more accurate to say the economy is a fixed pie than it is to ludicrously say the economy is a source of infinite wealth.