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Resilience To Robots: check the automation risk of your job

• imtringued 5y ago
  According to Say's Law I shouldn't be worried about this. Say's Law predicts a whole other things that aren't observed in reality. As usual, the problem lies in the fact, that employers can overwork overachievers to use as a negotiation weapon against employees that aren't overachievers. There is a programmer that works 20 hours and spends exactly as much as he earns. That programmer works twice as much and uses the time to automate someone else's job. He still does not spend his money and instead does the work of two people. That second person has now lost his job and income and as the programmer is not spending his money, the second person is utterly dependent on the charity of the programmer as that is the only way to earn the money that is sitting in his bank account doing absolutely nothing. For employers this situation is very interesting. They have the option of giving 2 jobs to a single person. The second person doesn't have any options, so he will keep bidding his wage lower and lower until the employer prefers hiring him over the programmer.