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> It is a pity that technology is only making work less expensive for the employers and not better for the workers. This is the core issue. Even if quality sta
by martin-t 1y ago
> It is a pity that technology is only making work less expensive for the employers and not better for the workers.
This is the core issue. Even if quality stays the same or is increased, a much higher percentage of the monetary income from the wealth created goes towards owners instead of workers.
Workers, who build wealth / perform positive-sum work, always were compensated worse than owners, who redistribute existing wealth / perform zero-sum work (if they do any work at all). And that was wrong but the differences were such that people were OK with them.
Now inequality is gonna reach such massive levels that the people will not be OK with it.
In fact, if actual AI is created, this will be the first time in history when the people automated out of jobs will be the most intelligent and most competent on the planet. And my hope is they won't sit idly and accept it.
- philipallstar 1y ago> This is the core issue. Even if quality stays the same or is increased, a much higher percentage of the monetary income from the wealth created goes towards owners instead of workers. It also goes to lowering prices or raising quality or raising wages elsewhere, as anywhere there's competition there's a constant tug of war on those axes. > Workers, who build wealth / perform positive-sum work, always were compensated worse than owners, who redistribute existing wealth / perform zero-sum work (if they do any work at all). Owners employ workers in a stable, agreed way. Owners might lose money or make money. Workers always make money. If you can't get the basics right, your conclusions will be way off.
- tartarus4o 1y ago[dead]