Hacker News new | ask | show | jobs
by rland12 3066 days ago
Workers whose jobs we have automated did not become "emancipated."

They were completely forgotten by society, government, and the private enterprise as the spoils went to the top 20%.

What about this particular shearing indicates a difference in the way "progress" is made?

1 comments

Well once those jobs are lost, then everyone is looking to retrain in the few industries which still have jobs. But then that creates massive labour which drops the cost of labour down to poverty. Another downward spiral. Universities will probably stop offering degrees in things like accounting pretty soon as there will be very little use for accounting degrees.