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Freeing up labor resources can, in theory, increase productivity in other areas. Say we have all these artichoke picker people, they get replaced with machines
by netizen-936824 5y ago
Freeing up labor resources can, in theory, increase productivity in other areas.
Say we have all these artichoke picker people, they get replaced with machines. Those people can now do other work while the artichoke picking output remains the same.
- antisthenes 5y agoLabor is not fungible, because education and training is far more costly than most people think. Especially when transitioning from a low-skill job to a high-skill one. If you think there's a big productivity slowdown now, then oh boy are you going to be surprised when you start massive retraining programs.