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thecrash | 1 year ago
Once enough automation is introduced, the owners really have no incentive to pay a fair share to anybody whose labor they no longer need. So any promises to "share the wealth" that comes from automation ring hollow.
thecrash | 1 year ago
Once enough automation is introduced, the owners really have no incentive to pay a fair share to anybody whose labor they no longer need. So any promises to "share the wealth" that comes from automation ring hollow.
ethbr1|1 year ago
Once business adds additional automation, (a) the business made additional investment in the automation, (b) the remaining jobs tend to be higher-skill, (c) (after recouping cost of automation) the business now has better margins and can afford to pay the remaining employees more, (d) because of (b) and (c), they usually do pay their remaining employees more as a way to retain now even more critical labor.
Businesses rarely automate the hardest / highest-skill parts of the job first. Why would they? There are lower-hanging fruit.
lotsofpulp|1 year ago
But the pace of automation is slower for high touch work, such as nursing home work, cleaning, cooking, and other jobs that typically pay the least.
Of course, there is a need for very specialized work that could pay more, such R&D in cutting edge computing, medicines, chemistry, etc, but the chances of achieving that level of expertise does not seem realistic for the majority of the population.