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At some point you run out of jobs to replace, while just making your product less appealing. The entire world can't be employed by tech, and the answer isn't c
by bbarn 3y ago
At some point you run out of jobs to replace, while just making your product less appealing. The entire world can't be employed by tech, and the answer isn't cut out workers - it's stop making things expensive. If technology drives efficiency, why do prices constantly rise instead of fall?
- Analemma_ 3y ago> If technology drives efficiency, why do prices constantly rise instead of fall? This is the Baumol's cost disease I was talking about: technology only drives efficiency in some sectors, but in every sector it doesn't touch (mostly because human availability is the bottleneck), prices have to rise to match the equivalent wage workers could be getting at the other places with more efficiency.