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production costs decreasing doesn't mean less wages. A widget worker in a factory who produces twice as many widgets an hour can still make the same amount of
by pascalxus 3y ago
production costs decreasing doesn't mean less wages. A widget worker in a factory who produces twice as many widgets an hour can still make the same amount of money or maybe even more.
- JohnFen 3y agoPerhaps, but it will halve the number of jobs available. That worker might be earning the same, but there is another worker who will now be earning nothing.