DiogenesTheGreat@lemmy.world to Technology@lemmy.worldEnglish · 1 month agoShould I start worrying about my job?www.theverge.comexternal-linkmessage-square60fedilinkarrow-up1142arrow-down122
arrow-up1120arrow-down1external-linkShould I start worrying about my job?www.theverge.comDiogenesTheGreat@lemmy.world to Technology@lemmy.worldEnglish · 1 month agomessage-square60fedilink
minus-squareMxM111@kbin.sociallinkfedilinkarrow-up2arrow-down6·1 month 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-21 month 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-down4·1 month 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-21 month 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-down2·1 month 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.