2 ms·
> Now you get a machine that improves your productivity and you can make 4 chairs per day, but your pay doesn't increase You are looking from a single worker's
by selcuka 2y ago
> Now you get a machine that improves your productivity and you can make 4 chairs per day, but your pay doesn't increase
You are looking from a single worker's perspective. A more realistic example is 4 workers used to make 4 chairs per day, and now 3 workers can make the same number of chairs. Boss makes more money. No net gain for the remaining 3 workers (and the laid off worker has to find another job, potentially for a lower salary).