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I'm not sure about the rest of the world, but in the UK we have a woeful record of investing in anything new, at least in recent memory. Offshoring and outsourc
by hkt 4y ago
I'm not sure about the rest of the world, but in the UK we have a woeful record of investing in anything new, at least in recent memory. Offshoring and outsourcing are both cheaper than doing anything new with technology, so companies do it whenever they can.
Which is to say that, certainly for now, there's a conflict between technological progress and profit, because cheap labour is so reliable and de-risked compared to eg, creating new machines to automate a process that is currently outsourced. Risks include being undercut by cheap labour, too.
All of which is to say, I don't share your optimism. Maybe there's a case to be made for global full employment being preferable to a highly automated economy, but that begs the question of how to make work itself less hostile to life.