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Under what circumstances has it ever been that long term, improved efficiency would mean fewer employees needed? It's quite the contrary - improved efficiency w
by valval 3y ago
Under what circumstances has it ever been that long term, improved efficiency would mean fewer employees needed? It's quite the contrary - improved efficiency will lead to more profits which will lead to more aggressive scaling and hiring, like it always has since the beginning of industrialization.
- Nasrudith 3y agoWhen the market demand is saturated at the newly improve efficiency's level and Jevon's Paradox ceases to apply.
- Centigonal 3y ago> Eventually, we'll invent new wants and new jobs to do overall employment doesn't decrease in the long term, but people are displaced.