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by baddox
4463 days ago
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This is obviously a very simplistic scenario, but I think it's no more simplistic than your scenario: Sally works at an electronics factory for minimum wage. The factory fires her and replaces her with a robot. The factory then is able to sell some electronic components to Joe for a lower price while also increasing the factory's margin. Joe sells handmade artisanal pocket calculators. Now that some of his components are cheaper, Joe can afford to hire Sally to work as a phone salesperson, making slightly more than minimum wage. Sally makes more money, the factory makes more money, and Joe can expand his business and probably make more money. |
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