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Except, well, the Luddites. The benefits of automation are largely diffuse and society-wide, outside of the few directly involved in the new, smaller industry.
by chiaro 11y ago
Except, well, the Luddites. The benefits of automation are largely diffuse and society-wide, outside of the few directly involved in the new, smaller industry. Those displaced would be at a net loss, save any Kaldor-Hicks type interventions.
https://en.wikipedia.org/wiki/Kaldor%E2%80%93Hicks_efficiency https://en.wikipedia.org/wiki/Kaldor%E2%80%93Hicks_efficienc...