undefined | Better HN

0 pointsFirmwareBurner7mo ago0 comments

>regardless of how good technology gets

Technology increases aren't there so you work less hours for the same pay, they're there so your business owner gets more money form you working the same hours.

If a machine gets invented that can do your job it's not like you can now go home and relax for the rest of your life and still keep receiving your pay cheques. This utopia doesn't exist.

0 comments

sorcerer-mar7mo ago

Yes but even this ignores the more important dynamic at play: rent rises to eat nearly all the productivity gains.

If you add technology to your workplace your wages should go up (not to eat all the gains of the technology, but a decent portion via wage competition), but then once your wages go up, the local rent goes up anyway.

j / k navigate · click thread line to collapse

0 pointsFirmwareBurner7mo ago0 comments

>regardless of how good technology gets

Technology increases aren't there so you work less hours for the same pay, they're there so your business owner gets more money form you working the same hours.

If a machine gets invented that can do your job it's not like you can now go home and relax for the rest of your life and still keep receiving your pay cheques. This utopia doesn't exist.

0 comments

sorcerer-mar7mo ago

Yes but even this ignores the more important dynamic at play: rent rises to eat nearly all the productivity gains.

j / k navigate · click thread line to collapse