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What effect will automation have on the working class?
Jackson Diaz
Isaiah Cruz
I have like 20 different versions of this chart saved to my computer in different locations. It's the most important economic chart of the last half century and it constantly boggles my mind that people can look at it and not become instantly filled with rage and bloodlust against owners of capital.
Laborers are working for half as much compensation as has historically ever been the case before 1970, and they don't seem to give a fuck about it.
Elijah Green
Automation is a meme. Your living in peak humanity. It's all downhill from here.
Christian Ross
How much of that can be contributed to technology though? I do agree with you. I just had my little $1,000 bonus cut working for a billionaire that is currently getting hundreds of millions of dollars from the government (tax payers) in handouts.
Aaron Powell
What happened during the 70's?
Blake Gonzalez
Kayden Gutierrez
+ off the gold standard
Connor Bennett
but the productivity chart went up
Jaxon Davis
>find one chart correlation that looks neat
What's never said is how the USA's boom in the 40s/50s/60s is due to it destroying the white European civilization for the Jews and rearranging the world economy for their benefit. What you see now is reality catching up to it. Americans are less productive than other countries' laborers. There's no reason they should expect to live in luxury while administering all the people that actually create communities and value.
Ethan Diaz
They're working for half as much per unit of productivity than they ever have before. Owners of capital (primarily technology, computers, etc which have fueled this increased productivity per $ of wage figure) have pocketed the difference. This relationship would be fine if it had trickled down in the form of cheaper prices for the masses, but we mostly haven't seen that except for retarded gadgets and bigscreen TVs. Things people actually need (food, housing, health insurance) have not been getting cheaper, they in fact have been skyrocketing. A house costs 8x the median salary when historically it's been 4x - again, a halving of purchasing power vs historic trends.
Tech isn't bad and squeezing more productivity and generating more wealth out of a worker's time isn't bad. In fact it's the whole point of the arc of technological progress, really, to do more using less. But if there is not a mechanism to ensure that wealth is enjoyed broadly by everyone, then this all inevitably leads to pitchforks and guillotines.
Scream about gibs and handouts, it doesn't matter to the point at hand. Functioning societies need a strong system of counterbalances against the natural trend of wealth and capital to accumulate unto itself, or else they will destabilize at some point when the elite own everything and the plebs own nothing, because when you own nothing and have no prospects, it also means you have nothing to lose and you may as well revolt.