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by pacala
2211 days ago
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> The low skilled workers are going to get paid very little because we choose to pay them very little. I wish it were that simple. More reasons: * Low skilled workers are paid very little because there don't have any higher paid options. * Low skilled workers are paid very little because there are some many other low skilled workers willing to take their place, domestically, internationally, and through immigration. * If there are 2 business using low skill labor, one paying low wages and another high wages, the latter goes bankrupt. Cherry on top: the AWS project is to turn SWE cushy jobs into 'low skill' occupations. Bezos understands economics. He's building the ultimately efficient money making machine, which, by necessity, reduces the human expenses to the absolute minimum. |
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