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Re:Gig economy companies spent more than $200M to bankroll P... by fennecfoxen on Friday November 13, 2020 @07:25PM (#25089149)
No, all jobs don't disappear. Some, however, do. Some are no longer profitable, more are replaced by capital investments. Economics denialism is quite strong in your circles, as I noted.

It's even more of a pity because we should be investing capital in meaningful things, like biotech or space exploration or environmental progress or what-have-you, instead of on stupid things like robots and restaurant apps.

Re:Gig economy companies spent more than $200M to bankroll P... by gentaro on Saturday November 14, 2020 @02:02AM (#25090751)
> No, all jobs don't disappear. Some, however, do. Some are no longer profitable, more are replaced by capital investments. Economics denialism is quite strong in your circles, as I noted.

Ok, now we're getting to the root of the problem. This is argument is based off of your misunderstanding of economics. What you're missing here is this:

- Jobs are a function of demand.

- Demand is driven by consumers.

- Consumers need capital to drive demand

- The poor spend proportionately to their income much more than the wealthy.

That's the circle you need to be thinking about when you're asking yourself what the impact will be on jobs. The more you drive down living standards of the poor and middle class, the fewer jobs you will have, not the other way around.

Re:Gig economy companies spent more than $200M to bankroll P... by fennecfoxen on Saturday November 14, 2020 @11:02AM (#25093091)
> This is argument is based off of your misunderstanding of economics

Your superior "understanding" of economics is at odds with academic consensus and with reality.

> Consumers need capital to drive demand

Replacing five McDonalds cashiers with two cashiers, an app, and a touchscreen ordering kiosk doesn't "drive demand".

Re:Gig economy companies spent more than $200M to bankroll P... by gentaro on Sunday November 15, 2020 @10:13AM (#25101770)
> Your superior "understanding" of economics is at odds with academic consensus and with reality.

And yet, you have no counterargument.

Re:Gig economy companies spent more than $200M to bankroll P... by fennecfoxen on Thursday November 19, 2020 @10:12PM (#25157008)
the marginal cost of supplying argument has exceeded the marginal benefit (zero)
Re:Gig economy companies spent more than $200M to bankroll P... by gentaro on Friday November 27, 2020 @06:38AM (#25227811)
and the supplier is bankrupt.