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A comment on Wage suppression – not stagnation – is costing workers $10 an hour (2021). Parent comment

Re:Wage suppression – not stagnation – is costing workers $1... by codexb on Friday November 03, 2023 @06:00PM (#38135576)
Why would an owner do that? The owners would be incentivized to increase production of widgets and try and find even more uses for their widgets, because the margins on them all just increased exponentially.

It's also not just capital that benefits. It's being able to direct capital that benefits. If it takes the same amount of skill and work to make a widget as it does to run a cashier, why should the widget-maker get a higher wage? The owners that direct capital towards widget making will benefit more than owners directing capital towards retail.

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Re:Wage suppression – not stagnation – is costing workers $1... by AndrewKemendo on Saturday November 04, 2023 @10:32AM (#38141332)
Because the system you describe structurally benefits one group exponentially more than the other group, exacerbating an already unequal society

That is bad for society in the long run

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Re:Wage suppression – not stagnation – is costing workers $1... by codexb on Saturday November 04, 2023 @03:45PM (#38144460)
No, the structure of society matters little. Like I said, technology will benefit the people who are able to harness it.

The man who can make and use the spear and the atlatl will outpace the man still throwing rocks. It doesn't matter what the structure of society is.

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Re:Wage suppression – not stagnation – is costing workers $1... by AndrewKemendo on Saturday November 04, 2023 @10:00PM (#38147285)
“ No, the structure of society matters little. Like I said, technology will benefit the people who are able to harness it. The man who can make and use the spear and the atlatl will outpace the man still throwing rocks. It doesn't matter what the structure of society is.”

I upvoted you and I’m quoting here so that I can reference this later when somebody questions why we need things like unions to protect them from narcissistic psychopaths

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