Automation moves in lockstep with employment, as one would expect: rising automation is correlated with higher employmenthttps://twitter.com/TimAeppel/status/1163826671931351040 …
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This is not a surprising result -- companies that invest in increasing automation are growing companies, and growing companies are hiring. When you manufacture more, you need news sales, marketing, support people. And of course someone will need to make and maintain the robots
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Lastly, the "extra" economic value generated by any increase in productivity expands the services sector (where the above folks spend their money). In the very long run, there is only marketing, sales, services, and tech
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Hey then why we throw so much stuff we create in garbage? Like 50 percent of food, so much clothing etc Why not decrease people work hours with increased productivity and try to create equal demand and production? And not try to earn on misery and destruction?
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And what happens when there is no more need for humans that created all that progress with their suffering? Do we get overlords and people living on scraps? And why use marketing to propagate things that are not needed or same as things that someone invented first?
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Your friendly salesperson will soon be automated too.pic.twitter.com/nQmCh7HnU3
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Alternative theory: when tech first goes in, productivity goes down. Hiring goes up. Later when that same tech gradually improves productivity, then companies shed workers.
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The cause and correlation are probably messed up: when the economy is good, you make investments in automation, when it’s bad, cheap humans are cheaper
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It’s more complicated than that. What’s also noticeable is the correlation between increase in automation and increase in inequality. Not all jobs are the same.
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