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A comment on The Fed plans to sharply boost unemployment. Parent comment

Re:The Fed plans to sharply boost unemployment by prepend on Monday September 26, 2022 @08:34AM (#32982302)
That’s possible but due to the great invisible hands that created an opportunity for competition to come in with a lower price. There are many factors so it really depends.

But automation has really benefitted customers through lower prices and higher quality so it’s hard to expect that these robots would result in owners pocketing the savings over previous robots.

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Re:The Fed plans to sharply boost unemployment by edmundsauto on Wednesday September 28, 2022 @08:35PM (#33014967)
Automation has made cars higher quality, but I'm not sure it has made clothing better, or food. What it does do is create the cheapest options possible, edging away on quality to have a cost reduction. Whether consumers benefit from favoring quantity over quality is not clear, but "consumers" are also "workers" and are harmed in that way by automation too.

It's complicated.

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