Hacker News new | ask | show | jobs
by philipov 2939 days ago
If they provide the savings outlined, those savings will be pocketed as profit. Productivity improvements don't mean employees get to work less, either.
2 comments

> Productivity improvements don't mean employees get to work less, either.

The economics literature begs to differ, though it's not a 1:1, as the improvements are usually specific to an area of the market while the labor market is much less specific, which actually means that the benefits are less because they're dispersed over a wider group of people, marginally improving the lives of people who didn't even have productivity improvements in the work they do.

It's pretty hard to argue that airlines (at least outside of US) is a very competitive biz.
It's an extraordinarily competitive business.