Re:Y Combinator Gets Hardcore About Hardware
by bkjelden on Wednesday August 19, 2015 @08:34PM
(#10089413)
Could low income individuals benefit from a sandwich making machine that could (theoretically) produce a sandwich at a lower cost than human labor?
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Re:Y Combinator Gets Hardcore About Hardware
by panic on Wednesday August 19, 2015 @10:56PM
(#10089833)
No, it would benefit owners of sandwich-making machines, who wouldn't have to pay for relatively-expensive labor any more. The owners themselves would have to be wealthy enough to afford the machine in the first place. The effect would be to centralize wealth further, as the owners of capital get more money, while those without capital are left unable to make money through their labor.