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Full employment works people. Go read https://www.employamerica.org/ https://www.employamerica.org/ for some excellent analysis of the macroeconomics. And let'
by Ericson2314 3y ago
Full employment works people. Go read https://www.employamerica.org/ https://www.employamerica.org/ for some excellent analysis of the macroeconomics.
And let's be clear, this is good for tech. Tight labor markets -> automation is actually needed. All the "above the API" / "below the API" scaremongering from the 2010s we should not see as the inevitable nature of things, but rather as a direct consequence from shitty economic policies during the Obama years.
- moneywoes 3y agoI don’t follow, how does this decision affect tech
- satvikpendem 3y agoLabor solidarity means that companies will look to automate more, thereby accelerating technological progress. This argument is known as (particularly, automation based) accelerationism.
- Ericson2314 3y agoNot direct causation either way, but shared root causes. Labor in short supply -> stronger unions -> better deals for workers Labor in short supply -> more consumption -> more demand -> automation to increase output more valuable Labor in short supply -> automation to reduse labor needed more valuable