undefined | Better HN

0 pointseru11mo ago0 comments

> For now, that speed-up just looks like a win because it’s novel, but eventually the speed-up will be baked into people’s expectations.

It will still be a win: the rewards for the new productivity have to go somewhere in the economy.

Just like other productivity improvements in the past, it will likely be shared amongst various stakeholders depending on a variety of factors. The workers will get the lion's share.

0 comments

bluefirebrand11mo ago

> rewards for the new productivity have to go somewhere in the economy

Unless it goes to me I'm not entirely sure why I should care

I'll keep doing things the old way thanks, unless I personally get some benefit from it

"You are more productive but compensated the same" just shows how many of you are suckers

eruOP11mo ago

Compare and contrast https://pseudoerasmus.com/2017/10/02/ijd/

layer811mo ago

> The workers will get the lion's share.

This doesn’t seem to be supported by history.

eruOP11mo ago

Labour share have GDP has held roughly constant throughout the ages, even as we saw massive productivity increases since the dawn of the industrial revolution.

layer810mo ago

How does that equate to the workers receiving the lion's share of the massive productivity increases?

Statistics like https://media.equality-trust.out.re/uploads/2024/07/incomedi... suggest that since 1970 the top 10% have profited more in their income than the bottom 50%.

1 more reply

j / k navigate · click thread line to collapse

0 comments

bluefirebrand11mo ago

> rewards for the new productivity have to go somewhere in the economy

Unless it goes to me I'm not entirely sure why I should care

I'll keep doing things the old way thanks, unless I personally get some benefit from it

"You are more productive but compensated the same" just shows how many of you are suckers

eruOP11mo ago

Compare and contrast https://pseudoerasmus.com/2017/10/02/ijd/

layer811mo ago

> The workers will get the lion's share.

This doesn’t seem to be supported by history.

eruOP11mo ago

Labour share have GDP has held roughly constant throughout the ages, even as we saw massive productivity increases since the dawn of the industrial revolution.

layer810mo ago

How does that equate to the workers receiving the lion's share of the massive productivity increases?

Statistics like https://media.equality-trust.out.re/uploads/2024/07/incomedi... suggest that since 1970 the top 10% have profited more in their income than the bottom 50%.

1 more reply

j / k navigate · click thread line to collapse