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So if a billion robot nurses suddenly appear, doing the same work as human nurses, driving prices down due to competitive and lower costs for the robots, how ha
by hgsgm 4y ago
So if a billion robot nurses suddenly appear, doing the same work as human nurses, driving prices down due to competitive and lower costs for the robots, how has value of the product decreased?
- NoZebra120vClip 4y agoRobot nurses, huh? How do you measure (and compensate workers for) compassion? Making ethical decisions? Maintaining confidentiality? Acting on a combination of training and instinct? I mean, okay, we can conceive of robot nurses who do the latter, but how does a robot nurse demonstrate compassion and empathy for patients? I think that stuff is priceless.
- LeonB 4y agoBecause “value” in the economic sense is not synonymous with “value” in the ethical sense and neither is it a complete overlap with “value” in the way we use it in everyday speech. In economics value is about choice and indifference. If you have two options and you are indifferent between them they have the same value. Everything about value in economics flows from there. It’s a very useful concept. But it’s not the same as “value” that a philosopher, a poet, or anyone else might talk about. Similarly “utility” in economics is fairly much equivalent to value in economics — but “utility” in economics doesn’t quite map to the common term “useful”.