Re:What If There Just Aren’t Enough Jobs to Go Around?
by rhino369 on Thursday July 21, 2016 @05:20PM
(#12140165)
The part you are missing is:
TCO goes way down -> price of product goes way down -> sales go up because price is lower.
It doesn't always happen that way, but sometimes it does. uber is a good example. By reducing cost of car rides, I pay someone to ride in their car 10X the amount I used to.
If Americans wanted to live a 1916 lifestyle, not many of us would have at work. But we buy a lot more stuff and use a lot more services.
We've automated away nearly every job people did in 1875's America. But we all still have jobs.
TCO goes way down -> price of product goes way down -> sales go up because price is lower.
It doesn't always happen that way, but sometimes it does. uber is a good example. By reducing cost of car rides, I pay someone to ride in their car 10X the amount I used to.
If Americans wanted to live a 1916 lifestyle, not many of us would have at work. But we buy a lot more stuff and use a lot more services.
We've automated away nearly every job people did in 1875's America. But we all still have jobs.