this post was submitted on 17 Oct 2023
36 points (100.0% liked)

Technology

39750 readers
464 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] AdminWorker@lemmy.ca 18 points 2 years ago (1 children)

Economics say that technological advances hurt those displaced for a short period of time but the entire rest of the economy improves and the displaced people are smart enough to find other jobs in the new economy with higher standard of living...

Unless the value created never makes it back to the economy...

[–] lemann@lemmy.one 3 points 2 years ago (1 children)

> value created never makes it back to the economy, shareholders celebrate profit highs

[–] dark_stang@beehaw.org 7 points 2 years ago

I once wrote some software that replaced almost an entire accounting department. No bonuses were paid, no salaries increased for the few remaining people, it just went into the shareholders pockets. The company was already very profitable before this.