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But if you're in a competitive market and there's more work to do than you're addressing with 100 people, your 91 people doing the work of 100 will be outcompet
by heyitsguay 3y ago
But if you're in a competitive market and there's more work to do than you're addressing with 100 people, your 91 people doing the work of 100 will be outcompeted by 100 people doing the work of 110, no?
- janalsncm 3y agoA competitive market doesn’t mean there’s an infinite amount of work to be done. A restaurant is going to sell a finite amount of food no matter what they do. They are incentivized to spend as little as possible on salaries. In terms of work, with zero-friction reallocation, of course automation is a good thing. There are tons of other things which need to be done besides packing boxes in a warehouse or driving people around. But we don’t have anything like perfect reallocation, and we don’t have business models for many of the things which need to be done.