Re:I Was Wrong about the Ethics Crisis (Moshe Vardi, CACM)
by ClumsyPilot on Monday December 30, 2024 @04:53AM
(#42547973)
> It's not better to have people have no jobs and require 100% assistance
It is actually. Former employees are free to learn new skills or do charity instead of being busy surviving a game they can’t win.
You are also subsidising an economically wasteful activity that cannot cover its own true costs - if fast food joint can’t pay a wage, it does not cover the negative externalities from extra traffic on the road, carbon emissions and people getting fat.
Business will be forced to innovate and invest in automation
It's not better to have people have no jobs and require 100% assistance.
> subsidy
Regardless of how you define terms, you'll being paying much more to help them when they are jobless.
> become like China
China has a largely state run economy, with the resulting problems.