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> - Should we as a society forego the benefits of automation, because it makes some people unemployed? We as society aren't the beneficiaries of automation, th
by heavyset_go 3y ago
> - Should we as a society forego the benefits of automation, because it makes some people unemployed?
We as society aren't the beneficiaries of automation, those profits go to private owners. Given that price points exist, the benefits of lowering costs of production are captured by increasing profit margins.
After those profits are captured, we as society have to shoulder the burden of caring for potentially thousands, or more, people who are put out of work, and their families.
- eru 3y ago> Given that price points exist, the benefits of lowering costs of production are captured by increasing profit margins. Historically, that hasn't held true for long: competition catches up.
- visarga 3y ago> the benefits of lowering costs of production are captured by increasing profit margins Or increased diversity, customisation, higher quality, more availability, and because of competition - where it exists, cheaper products and services. Increased capability leads to demand scaling. Making a road wider will increase traffic to match.
- pauldenton 3y ago60% of the population used to work in Agriculture. Now that's more like 2% Do you think the 6/10 classmates who had career choices they wouldn't have otherwise "benefited from Agricultural Automation"? Even if they didn't own any farms or Agricultural Manafacturing stocks. Their labour being freed up for other uses helped them no?