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Is this from a consumer or producer standpoint(or both)? A race to the bottom ultimately hurts everyone. In a simplistic world, if wages go down, people will co
by mym1990 4y ago
Is this from a consumer or producer standpoint(or both)? A race to the bottom ultimately hurts everyone. In a simplistic world, if wages go down, people will consume less, causing decreased revenue. Its in the best interest for companies to have a competitive wage floor that still allows for quality goods and services to be created.
Remote work will certainly shift dynamics, I am quite interested in if the concept of 'hybrid' work will take off, and how that would shape cities/communities.
- causi 4y agoA race to the bottom ultimately hurts everyone. It's already a race to the bottom. It's just the fact that "doing the job well" hasn't been the only factor in the race. Strip off "being able to move to and tolerate living in the right place" and the race gets a lot more fair in my opinion.
- BlargMcLarg 4y agoConsumer. And frankly, I believe most producers do not realize it will hurt everyone, or are hoping some form of automation/AI will take off so they can massively minimize the downsides.