Re:Amazon union vote count begins this week for Alabama ware...
by notJim on Monday March 29, 2021 @06:20PM
(#26629015)
From what I understand, companies do tend to automate more if labor costs rise. If your employees cost $30/hr instead of $15/hr, it makes sense to invest in their productivity. This is one reason higher minimum wages aren't the disaster their opponents claim they are. Companies invest in productivity to maintain their profitability. Higher wages do also reduce capital's share of profits, though, which is the intended outcome.
Re:Amazon union vote count begins this week for Alabama ware...
by gruez on Monday March 29, 2021 @07:44PM
(#26629717)
>Companies invest in productivity to maintain their profitability. Higher wages do also reduce capital's share of profits, though, which is the intended outcome.
Shouldn't it be the other way around? Businesses have to invest more in productivity to maintain their profitability, thereby increasing the capital's share of profits because they need to pay for the capital?
It's a rather pathetic threat to make. Either it happens or it doesnt - unionization won't make automation technology intrinsically better.