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Technology has been putting a downward pressure on most people's lives for decades now in the form of wage stagnation. It's not the only cause, but it is almos
by bluefirebrand 4y ago
Technology has been putting a downward pressure on most people's lives for decades now in the form of wage stagnation.
It's not the only cause, but it is almost guaranteed that it is a factor.
People forget that disruption has a real negative impact on those being disrupted, and not all of them can recover from it.
- pixl97 4y agoNot 100% sure if that's technology, or capital owners keeping 98% of the profits. In theory we should live in a world of plenty, but when one man wants to have a trillion dollars to their name it gets difficult.
- deleted 4y ago[deleted]
- bluefirebrand 4y ago"It's not the only cause, but it is a factor" Technology makes it so more labour can be done with fewer humans, which increases competition for limited work, so capital owners can justify paying less for those jobs as long as they can find enough people willing to work for that amount. You can blame capital owners for being greedy, and you should, but increasing technology is a major tool they are using to feed that greed.