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>productivity has gone up, but wages and working hours have stayed constant. If you can leverage technology to improve productivity, your wages WILL go up to m
by welshwelsh 4y ago
>productivity has gone up, but wages and working hours have stayed constant.
If you can leverage technology to improve productivity, your wages WILL go up to match it. Software engineering wages have exploded over the last decade and are increasing far faster than productivity. The game is not rigged - great contributions lead to great rewards.
But if you don't have relevant tech skills, and you work the same way your parents worked, like most people do... then obviously no, your wages will not and should not go up. It doesn't matter if society in general is becoming more productive, if you didn't contribute to that productivity increase then why should you benefit from it?
People need to wake up and understand that raw labor is not valuable anymore. We don't need people who work hard and can follow directions, that's what computers are for. We need people who understand how things work. People who can improve existing processes and create new ones. For people like this, opportunities are endless.
- jonathankoren 4y ago>If you can leverage technology to improve productivity, your wages WILL go up to match it This idea runs counter to history of industrialization and automation. If you can get the same output of six people with one person, you fire five them, because you can’t produce or sell 36x as much.