DiogenesTheGreat@lemmy.world to Technology@lemmy.worldEnglish · 7 months agoShould I start worrying about my job?www.theverge.comexternal-linkmessage-square60fedilinkarrow-up1142arrow-down120
arrow-up1122arrow-down1external-linkShould I start worrying about my job?www.theverge.comDiogenesTheGreat@lemmy.world to Technology@lemmy.worldEnglish · 7 months agomessage-square60fedilink
minus-squareMxM111@kbin.sociallinkfedilinkarrow-up2arrow-down6·7 months agoWhen productivity increases (as it has been doing for ages) the manufacturing output increases. That’s what normally happens.
minus-squarejust another dev@lemmy.my-box.devlinkfedilinkEnglisharrow-up8·edit-27 months agoBut the amount of workers will only stay the same if demand grows at the same rate as the production output.
minus-squareMxM111@kbin.sociallinkfedilinkarrow-up0arrow-down4·7 months agoWell, the price goes down, or/end the salaries go up, or resources are freed for new investments…
minus-squarejust another dev@lemmy.my-box.devlinkfedilinkEnglisharrow-up1·edit-27 months agoOnly in the last case there is a chance that the amount of jobs will remain the same, the other cases will lead to lost jobs.
minus-squareMxM111@kbin.sociallinkfedilinkarrow-up1arrow-down2·7 months agoPrices going down leads to increased demand and expansion. Salaries (everywhere) going up lead to increased demand and expansion.
When productivity increases (as it has been doing for ages) the manufacturing output increases. That’s what normally happens.
But the amount of workers will only stay the same if demand grows at the same rate as the production output.
Well, the price goes down, or/end the salaries go up, or resources are freed for new investments…
Only in the last case there is a chance that the amount of jobs will remain the same, the other cases will lead to lost jobs.
Prices going down leads to increased demand and expansion. Salaries (everywhere) going up lead to increased demand and expansion.