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Originally Posted By: Tempest
Originally Posted By: XS650
Originally Posted By: mechanicx
In the 50's they were saying higher automation and productivity would allow a shorter work week. It didn't turn out that way at all.
The people making that prediction didn't take into consideration that the benefits of higher automation and productivity would go to the owners of the means of production.
So you are saying the fact that we have many more people in the US with a MUCH higher standard of living compared to the 50's is not correct?
No. He said what he said. As I've pointed out to you many times, high productivity has its price in terms of how many of your people benefit from the alleged advancement in technology.
In the highest productivity possible, with all manufacturing and services being automated, there would be no employment.
Slide that back a tick or two and you have fewer people benefiting from higher productivity. They "tinkle down" with their grace and afford the rabble a living ..as kind and noble as they are.
Originally Posted By: XS650
Originally Posted By: mechanicx
In the 50's they were saying higher automation and productivity would allow a shorter work week. It didn't turn out that way at all.
The people making that prediction didn't take into consideration that the benefits of higher automation and productivity would go to the owners of the means of production.
So you are saying the fact that we have many more people in the US with a MUCH higher standard of living compared to the 50's is not correct?
No. He said what he said. As I've pointed out to you many times, high productivity has its price in terms of how many of your people benefit from the alleged advancement in technology.
In the highest productivity possible, with all manufacturing and services being automated, there would be no employment.
Slide that back a tick or two and you have fewer people benefiting from higher productivity. They "tinkle down" with their grace and afford the rabble a living ..as kind and noble as they are.