Hacker News new | ask | show | jobs
by imtringued 2180 days ago
This topic is boring me to death already. I'll keep it short. Automation+competition mean cheaper potatoes (or anything really). Cheaper potatoes means you save $10 per month. Now you can spend $10 on something else. Maybe on a movie or you save the money and go to a theme park with your kid. This represents a new employment opportunity (less farming more entertainment). Therefore automation isn't causing structural long term unemployment.

However there is a darker side to automation. What if automation is used without any competition? e.g. your company has a first mover advantage and it takes 4 years for the competition to catch up. What happens is that the potatoes stay at the same price but the company is increasing its profit margin which benefits the owners/shareholders of the company at the expense of workers. This isn't about unemployment. This is about wealth inequality. When a company replaces a worker with a machine it becomes more profitable but the worker gets nothing.

Society needs to change in a way that the laid off workers benefit from automation to the point that people are hoping their job gets automated or they decide to automate their own job. If someone gets laid off by automation for the third time that person should be happy, not sad.