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As labor is automated, labor share of profits will fall under current arrangements; and the political pressure to change those arrangements will increase.
by kaonashi 14y ago
As labor is automated, labor share of profits will fall under current arrangements; and the political pressure to change those arrangements will increase.
- genwin 14y agoBut the political pressure from the wealthy overrides the pressure from the average person. Hence taxes go up as wages fall in response to labor automation.
- neutronicus 14y agoAs labor is automated, the only leverages that will matter are controlling natural resources and the capacity for violence.