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>> Risks to jobs rarely feature among reported risks, despite being a prominent public concern. If there is a risk to jobs, it wouldn't show up here since actu
by netrap 1y ago
>> Risks to jobs rarely feature among reported risks, despite
being a prominent public concern.
If there is a risk to jobs, it wouldn't show up here since actually less jobs is "good" for business...
- barbazoo 1y agoYeah, public concerns are often diametrically opposed to corporate concerns.
- SoftTalker 1y ago> less jobs is "good" for business Up to a point. Then you no longer have customers.
- nikolayasdf123 1y agoI think about this all the time
- Nasrudith 1y agoPretty much everything good is good only 'up until a point'. The dose makes the poison after all.
- ben_w 1y agoEveryone is incentivised to do it, even when none of them want all of them to do it. Prisoner's dilemma, with the businesses as the 'prisoners'. One of the ways to change the Nash equilibrium for that game is for enough people to empower some outside agent that punishes defectors. (Metaphorically, for the original prisoners in the thought experiment, a gangland boss).
- benreesman 1y agoEquilibria for iterated vs. non-iterated play in the prisoner's dilemma are generally very different. To the extent that the current leadership of government and business are facing a collective action problem it is because different actors have a different number of iterations they are optimizing for. Put differently, when it's #CrimeSeason, you gotta get yours before the bill is due, and different crooks on different schedules.
- nine_k 1y agoLower expenses is good for business. Not having to pay employees lowers expenses. But a business needs paying customers, preferably employed by someone else. Other businesses having to pay their employees is good for business in this regard.
- andsoitis 1y agoDon’t forget also that the number of businesses isn’t finite.
- psunavy03 1y agoThere's a reason Henry Ford paid his employees enough to buy one of his cars.
- tonyedgecombe 1y agoIt is a myth that it was so they could afford one of his cars. The reality is that he couldn’t attract the right workers because factory work is sole destroying.