2 ms·
> It's not good for the individuals, but in broader economic terms, an industry that delivered the same value with less people is effectively increasing product
by bluefirebrand 1y ago
> It's not good for the individuals, but in broader economic terms, an industry that delivered the same value with less people is effectively increasing productivity which is economically generally a good thing
Not if all (or the vast majority) of the extra value produced is captured by a vanishingly small portion of the population
That is the trend we are following and it is exceptionally bad