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by stevenjgarner
21 days ago
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Yes it does - the ROI is replacing the global labor market => the replaced workers stop earning income. They cut spending. The businesses they used to patronize see revenue decline => the company that fired its workers to save money discovers that its customers were, in aggregate, other companies’ workers. Revenue growth stalls => dead economy [1] [1] https://news.ycombinator.com/item?id=48324712 |
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