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The big fear shouldn't be on loss of jobs, it should be the inevitable attack on wages. Wage will track inversely to proximity as a commodity status. Even the
by SecretDreams 2y ago
The big fear shouldn't be on loss of jobs, it should be the inevitable attack on wages. Wage will track inversely to proximity as a commodity status.
Even the discussion around AI partially replacing coders is a direction towards commoditization.
- Espressosaurus 2y agoIt's the same thing. If there are more workers than jobs, wages go down. If there are more jobs than workers, wages go up. We saw it crystal clear between the boom years, the trough, and the current recovery.