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Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight by ThrustVectoring on Tuesday April 19, 2016 @08:02PM (#11531435)
It's important to distinguish "a bad thing for the economy in general" from "a bad thing for an individual's share of the economy". Job loss without a corresponding drop in production is a good things for the economy as a whole - it's getting what's demanded more efficiently. It's terrible for the unemployed individuals in question, since they lost the leverage they were using to extract a larger share of the total economic output.
Re:Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight by jonathankoren on Wednesday April 20, 2016 @06:37AM (#11533415)
Yeah, but what's the societal point of efficiency when wealth has become so concentrated, that the economic ladder has been pulled up?