* more productive without more labor ?
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Replying to @EmilyGorcenski
This is where I wish I had a physical copy and hadn't misplaced my reader. Piketty suggests that the period from 1945-75 actually had abnormal growth relative to the last 500 years.
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Replying to @kevinriggle @EmilyGorcenski
I don't know if that applies here or not, but I hunch that it might.
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Replying to @kevinriggle @EmilyGorcenski
Piketty is pretty clear that we should prefer to live in the 45-75 conditions, tbc. Low-growth is not good for anyone but the landlords.
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Replying to @kevinriggle @EmilyGorcenski
But it's not clear from my reading of the first third or so of his book that automation is solely or predominantly to blame for the shift.
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Replying to @kevinriggle
People will tell themselves whatever they need to believe to uphold their justification for their own wages. Meanwhile, I lived in Appalachia and saw it with my own eyes.
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Replying to @EmilyGorcenski
Was that mostly in mining or other industries as well?
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Replying to @EmilyGorcenski
*nods* On the one hand, a lot of those (like mining) are shitty occupations (mining is of course so bad that we use it to determine the $$ value of a human life). OTOH, ppl underestimate the costs of retraining ppl to be... call center workers? programmers?... or relocation
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I am done with this discussion.
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