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I’m not convinced… there’s so much room for technology to fill the gap. Companies that fail to properly invest in tech to replace this labor will be beaten by t
by nrb 2y ago
I’m not convinced… there’s so much room for technology to fill the gap. Companies that fail to properly invest in tech to replace this labor will be beaten by those who do, and quality of life may actually improve as the marginal cost of production marches ever downward.
- badpun 2y agoThat's a vision of a potential future, not the world we live in right now. Right now, there are a couple hundred million people in Asia and Africa making things for the Western consumer, mostly for pittance wages.
- nrb 2y agoIt’s as much a vision of a potential future as “If one day we run out of people” though, and one we will see coming and invest appropriately.
- eru 2y agoIt's mostly people in China, and as they've grown richer, their exports haven't gotten more expensive in the West. Which casts doubt on the whole hypothesis.