Re:Economists are revising their views on robots and jobs
by codekansas on Tuesday January 25, 2022 @11:17PM
(#30081635)
OP owns a CNC shop which is almost tautologically capital
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Re:Economists are revising their views on robots and jobs
by rjtavares on Wednesday January 26, 2022 @03:43AM
(#30083214)
Saying a CNC shop is comparable to a an S&P500 company because they're both capital is like saying a retail clerk is comparable to an NFL player because they're both labour. While true, it's not really relevant to this discussion.
I agree the parent comment should be more specific, but his point stands: gains are going to a few companies that automate everyone else's processes or benefit from the huge economies of scale that automation provides.