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Job Security (lemmy.ml)

submitted 5 days ago by cm0002@lemmy.world to c/funny@sh.itjust.works

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[–] SanctimoniousApe@lemmings.world 4 points 4 days ago (1 children)

If improving people's standard of living were actually the end result, but it's not been the case thus far.

[–] yermaw@sh.itjust.works 2 points 4 days ago

Yeah "while improving their standard of living" sounds great except the wealth generated isnt being spread out among the population.

If there are 5 factory workers on a line, and a machine comes out that means there's only 2 on that line now, are the 3 who are out of a job still going to get paid the same, or are the 2 remaining going to get any kind of pay rise? Are they bollocks. The 3 losers need to "Just get a job" and the 2 people left need to start producing more for the same pay.

Maybe the value is getting passed onto the consumer? Probably not with shrinkflation, regular inflation and skyrocketing CEO bonuses.