[etskinner]

> Job losses could shave 30 cents off each item purchased by 2027.

I know this is just a start (and just enough to make the ROI worth it, probably), but it sounds particularly dystopian / late stage capitalism

[code_for_monkey]

its also not going to happen. They arent going to shave off 30 cents because thats just not how it works, they'll make 30 cents more an item. Realistically, they'll charge even more and make even more on top of that.

[t1E9mE7JTRjf]

but what does this have to do with capitalism? (apart from it being the scapegoat for all problems as per the current narrative). it's a cute phrase but I'd suggest 'late stage fiat' is more apt. I think this as with hard money instead, there's no need to perpetually eek a living, as the rising tide lifts all boats.

[sfmz]

In the battle of capital vs labor, the capital wins when the laborers are not needed.

[alserio]

does it? seems like that these times the tides are rising only the bigger yachts and sinking the smaller boats

[_DeadFred_]

Doesn't China print a huge amount of money and have their currency tied to fiat currency, making theirs a fiat economy as well?

Someone here wrote they are pro free markets, but anti-capitalism/a capitalist class.

The thought being markets are efficient and liberating mechanisms for coordinating production and exchange but concentrated ownership of capital turns those same mechanisms into systems of control and extraction.

[GuinansEyebrows]

> but what does this have to do with capitalism?

if only the capitalists own the robots, only the capitalists will benefit.

[baron816]

A key feature of “late stage capitalism” is that people move up the value chain, stop doing menial labor, and find better, more fulfilling jobs that don’t involve putting boxes in other boxes.

[rob74]

In the past, this has meant that people who had manufacturing jobs (i.e. producing something tangible that they could conceivably be proud of doing right) were moved to service jobs like call center operators, delivery workers, Uber drivers, Amazon warehouse workers etc. etc. Not really a step up, I would say. And in the foreseeable future all these jobs (and also some better qualified ones) will be replaced by robots - probably the most dangerous and least fulfilling of them, like delivery workers, will be replaced last. Yay, progress!

[netdevphoenix]

You can't move up without training. Training costs money and time which is something most people lack

[Arainach]

s/feature/illusory promise/