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> shorten the standard work week sure, but don't expect companies to pay you the same as they did for the 5-day work-week. And there lies the rub: yes, AI can
by insane_dreamer 6mo ago
> shorten the standard work week
sure, but don't expect companies to pay you the same as they did for the 5-day work-week.
And there lies the rub: yes, AI can increase productivity. But the gains of that productivity are being, and will be, captured entirely by shareholders, not employees.
- euroderf 6mo agoIt seems so. I think there's general awareness that the I.T. productivity gains of the last 50 years have been entirely captured by capital. And I think there is general awareness that the same scenario is threatening to unfold now with AI.
- euroderf 6mo ago> don't expect companies to pay you the same as they did for the 5-day work-week. There's room here for argument and further evidence gathering. I've read of cases where the leap in productivity fully justifies holding pay steady. But admittedly these leaps may or may not hold up over the longer run. Many people might (say) trade a 10% pay cut for a 50% jump in weekly days off. Others can't afford to do that because, well, that's the state of things. But work is becoming a scarce resource, and if you look at the numbers, more is desired (especially. part-time) by pensioners, students, and others. If only health care was state-funded, so that it was not a deterrence to headcount.
- insane_dreamer 6mo ago> There's room here for argument and further evidence gathering. Look at this: https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ (there are plenty of other sources corroborating these findings) Companies have been pocketing the gains in productivity for almost 50 years. How much more evidence do you need? You think they will stop now?
- euroderf 6mo agoOh, the evidence has convinced me for quite a while but others may still need persuading :)