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> Automation increases demand Yours is a different definition of demand than the economics definition, which is basically the amount customers will buy as a fu
by mitthrowaway2 3y ago
> Automation increases demand
Yours is a different definition of demand than the economics definition, which is basically the amount customers will buy as a function of price. Higher demand means buyers will pay a higher price for the same art.
Automation increases supply, which increases the volume of art consumed, mainly because it is available at a lower price. That is shifting to a different point on the same demand curve, and doesn't mean that demand has increased.
- imchillyb 3y agoAutomation increases demand. Just look at the dairy industry. Pre-automation sales numbers vs. post-automation sales numbers. This is true for every industry on earth, and doesn't care about the pedantic definition of demand. Consumer demand = more purchases. More purchases = more revenue.