Re:Dear Silicon Valley: America’s fallen out of love with you
by eropple on Monday October 09, 2017 @01:00PM
(#15435513)
> Growing wealth inequality in the United States in the last twenty years was caused mostly by globalisation
Which is caused by two major factors: easier shipping, easier communication--both of which the tech sector encourages, facilitates, and pushes forward. And yes, automation is a nontrivial part of wealth inequality's growth, especially over the last ten years rather than twenty--you don't move a secretary's job elsewhere, you destroy it. Capital requires fewer hands than ever before and enables further centralization of that capital--and this is direct fallout of automation making workers superfluous.
Re:Dear Silicon Valley: America’s fallen out of love with you
by goatlover on Monday October 09, 2017 @06:26PM
(#15437947)
So all that cheap foreign labor doesn't count in the equation? There is automation, and there is moving operations overseas where the workforce is ten times cheaper.
Which is caused by two major factors: easier shipping, easier communication--both of which the tech sector encourages, facilitates, and pushes forward. And yes, automation is a nontrivial part of wealth inequality's growth, especially over the last ten years rather than twenty--you don't move a secretary's job elsewhere, you destroy it. Capital requires fewer hands than ever before and enables further centralization of that capital--and this is direct fallout of automation making workers superfluous.