3 ms·
Classic Pareto improvement: the gains to the winners (society at large) are greater than the losses to the losers (those who held these jobs), so a side payment
by adwi 4y ago
Classic Pareto improvement: the gains to the winners (society at large) are greater than the losses to the losers (those who held these jobs), so a side payment makes everyone better off.
My concern (besides the medium term pain and instability from that churn) is the current state of governance and baked-in inequality, at least in the US, makes an equitable side payment unlikely.
- wslh 4y agoFrom the moral point of view it is strong to assert than the gains to the winners involve the society at large. At least it sounds like you are predicting the future but the future is not here yet to check.