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Are you aware of what happens when the amount of value that can be produced from workers exceeds the demand? Salaries get demolished, jobs get cut.
by alexb_ 4y ago
Are you aware of what happens when the amount of value that can be produced from workers exceeds the demand? Salaries get demolished, jobs get cut.
- w0m 4y agoexisting* jobs; but it also opens up entire new markets that weren't feasible prior. In the US as an example; ~150 years ago 80% of the population had to farm to feed the country. Today it's 1%. Yea; '97% of jobs lost!' - but it gave the workforce the power/freedom to build other new/amazing things also. I know that's a trite example; but I like it as it makes it clear that the status quo is not an immutable (or entirely positive) thing.