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A comment on Supply and Demand Does a Poor Job of Explaining Depressed Wages. Parent comment

Re:Supply and Demand Does a Poor Job of Explaining Depressed... by gowld on Friday April 06, 2018 @01:28PM (#16775188)
That's not obviously true, and not theoretically well justified. It depends on total workforce size and difficulty of optimizing. Wholly eliminating a $15/hr job is just about as valuable as eliminating 30% of the hours needed at a $100/hr job.
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Re:Supply and Demand Does a Poor Job of Explaining Depressed... by andy_ppp on Friday April 06, 2018 @02:01PM (#16775602)
I don't understand this and your maths is wrong - it would be 15%? But also the $100 per hour job will just get more complex in a different way and will still take the same hours per day, at possibly some higher efficiency of output.

It's like saying because React has made people more efficient at building bug free user interfaces that we can all relax in our jobs as there is no IE6 to support. Instead we all know that the UI has just got more complex, interactive and shiny.

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