Yeah “while improving their standard of living” sounds great except the wealth generated isnt being spread out among the population.
If there are 5 factory workers on a line, and a machine comes out that means there’s only 2 on that line now, are the 3 who are out of a job still going to get paid the same, or are the 2 remaining going to get any kind of pay rise? Are they bollocks. The 3 losers need to “Just get a job” and the 2 people left need to start producing more for the same pay.
Maybe the value is getting passed onto the consumer? Probably not with shrinkflation, regular inflation and skyrocketing CEO bonuses.
If improving people’s standard of living were actually the end result, but it’s not been the case thus far.
Yeah “while improving their standard of living” sounds great except the wealth generated isnt being spread out among the population.
If there are 5 factory workers on a line, and a machine comes out that means there’s only 2 on that line now, are the 3 who are out of a job still going to get paid the same, or are the 2 remaining going to get any kind of pay rise? Are they bollocks. The 3 losers need to “Just get a job” and the 2 people left need to start producing more for the same pay.
Maybe the value is getting passed onto the consumer? Probably not with shrinkflation, regular inflation and skyrocketing CEO bonuses.