3 ms·
Not globally: https://kagi.com/proxy/th?c=lUfv1nYBTMKYtKYO-rQ4Vg_QAA9uQJ07x_miHo4CAuO90QGjluUOcocJ6twN5jAEnkFNmJRVdt88SgP7REH4QrvCUBffjoHbWgXHy5VR5BkueBhkYtH5NY
by api 3y ago
Not globally: https://kagi.com/proxy/th?c=lUfv1nYBTMKYtKYO-rQ4Vg_QAA9uQJ07x_miHo4CAuO90QGjluUOcocJ6twN5jAEnkFNmJRVdt88SgP7REH4QrvCUBffjoHbWgXHy5VR5BkueBhkYtH5NYDOnpxufaan https://kagi.com/proxy/th?c=lUfv1nYBTMKYtKYO-rQ4Vg_QAA9uQJ07...
Outsourcing has stagnated wages in the developed world, but the cost of manufactured goods has also plummeted. The only reason people aren't better off is that the developed world (especially the anglosphere) has a "cost disease" around things like real estate that prevents people from benefiting from global scale price deflation. It doesn't help you much if gadgets are super cheap but housing is insanely expensive. The high cost of housing is unrelated to automation.
- musicale 3y ago> The high cost of housing is unrelated to automation Housing, health care, higher education... all drastically more expensive. The point about outsourcing is a good one. However, automation still appears to drive income inequality (at least in the US.) "Job-replacing tech has directly driven the income gap since the late 1980s, economists report."[1] [1] https://news.mit.edu/2020/study-inks-automation-inequality-0506 https://news.mit.edu/2020/study-inks-automation-inequality-0...