News for hackers. Stuff that matters.
Re:"No inventions; no innovations" A History of US Steel by altairTF on Friday December 29, 2023 @03:16PM (#38809698)
The paradox of rights(don't quote me, i just made this up). In wealthier societies, demands for greater worker rights from the government increase. This can lead to more bureaucracy and higher labor costs, potentially making third-world countries with lower regulations more attractive for importing goods or outsourcing production. Countries already operates in a libertarian interaction with each others. I find these global economics aspects fascinating
Re:"No inventions; no innovations" A History of US Steel by bluGill on Friday December 29, 2023 @06:16PM (#38811370)
Wealthy countries tend to invest in automation. If you have 1/10 as many workers you can pay them 5 times as much.