Re:Economists are revising their views on robots and jobs
by vidarh on Wednesday January 26, 2022 @12:52AM
(#30082261)
This only works to an extent. US manufacturing output is higher than before outsourcing manufacturing became a thing, but US manufacturing jobs are far fewer, because the total demand for a whole lot of products can be met with far fewer people.
When there's an inequality in productivity, more productive firma will see an increase in labour, bit that doesn't mean the whole sector does.
When there's an inequality in productivity, more productive firma will see an increase in labour, bit that doesn't mean the whole sector does.