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by onlyrealcuzzo
1237 days ago
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Nothing spurs innovation like necessity. We didn't actually need to automate jobs before. It might've been cost effective, but it was easy and risk-free to hire from an adequate pool. Now we need automation because there aren't enough workers. So we'll probably get more automation until the pool is balanced. See how much more automated things are in places without immigration and super low birth rates (Japan, South Korea). |
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I am not sure that Japan actually follows that trend. It's a big and complex country but in my experience there were more workers on jobs that in my western country would be just one guy, or no one at all, perhaps just a sign.
Japan has fairly low wages but good social services, public infrastructure, and affordable daily life so I suspect that the line to cross into "poverty" is actually quite a bit lower in Japan. Perhaps that allows the math to make sense since a company can afford to hire more people, and those people can still afford to make ends meet.
Happy to be corrected, my knowledge of Japanese economics is pretty shallow.