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> As for those who say that there will be an increase in wealth inequality, you only need to look at the technological progress of the last 200 years to know th
by jmmcd 14y ago
> As for those who say that there will be an increase in wealth inequality, you only need to look at the technological progress of the last 200 years to know that the reverse is most likely true. While Henry Ford became incredibly wealthy by building the car and mechanising his production to a large extent, the rest of humanity saw huge increases in productivity by being able to drive around and use advanced logistics. Those advances ultimately enabled the next generation of workers to be a white collar workforce rather than a blue collar one.
This is symptomatic of living in a bubble. What percentage of the world's population drives around in cars? What percentage of the world's population is white collar? Even if you restrict it to whatever wealthy nation you live in -- haven't you noticed that there are still people who work blue collar jobs, or none at all?
- icebraining 14y agoIt's a little shortsighted to view the benefits of the development of the car merely by the number of personal cars. The transportation industry is indispensable in removing the barriers to competition, which enabled the creation of millions of manufacturing jobs in developing countries.