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#21
Nov 1 2021 12:22pm
Quote (EndlessSky @ Nov 1 2021 12:48pm)
I think during the past 6 months we crossed a threshold and its too late to stop automation -

Because big companies have colluded to make it seem like there is a labor shortage.

All of the companies are going to push for immigrant slave labor and automation now, you see it in all of their public statements.


It was 10 years past too late 10 years ago when i told you it was too late and you said it wasnt too late.
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#22
Nov 1 2021 12:23pm
Quote (MrSK @ Nov 1 2021 01:54pm)
Nah it started the day people realized they could get PPP loan forgiveness while retaining a skeleton crew and profit massively from it



Also true.
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#23
Nov 1 2021 12:27pm
Quote (darkfire @ Nov 1 2021 01:07pm)
It's just a personal pet peeve. The attempt to siphon credibility from the hard sciences clearly worked. Shorten it however you like. I maintain that there is no Nobel Prize in Economics ;)

I spent a while in a fairly highly ranked PhD program in economics before doing something else with my life. Plenty of my friends are active academic economists. I've got a pretty good sense of how the sausage gets made. That's really not how it works. If the evidence clearly said that minimum wage increases have no impact, no amount of lobbying would suppress that. The issue is that the data is never really clear in economics.


Two of the prizes are Literature and Peace. So it's not like "nobel prize" is automatically a science prize.
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#24
Nov 1 2021 12:34pm
Wage increases have no impact on automation. There is not a wage low enough to compete with automation. All of the automation we have going on up to this point has been with poverty level minimum wage.

And that’s not necessarily a bad thing.
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#25
Nov 1 2021 12:44pm
Quote (brute12 @ Nov 1 2021 02:34pm)
Wage increases have no impact on automation. There is not a wage low enough to compete with automation. All of the automation we have going on up to this point has been with poverty level minimum wage.

And that’s not necessarily a bad thing.


Automation is likely inevitable insofar as advances will likely make it expedient enough to automate all but the most complex jobs (and then even those) eventually. But that doesn't mean that labor prices can't or don't have an impact on automation in the short run.
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#26
Nov 1 2021 12:48pm
Quote (brute12 @ Nov 1 2021 01:34pm)
Wage increases have no impact on automation. There is not a wage low enough to compete with automation. All of the automation we have going on up to this point has been with poverty level minimum wage.

And that’s not necessarily a bad thing.


wat?

as a simple formula for a company:

wage of worker + benefits of worker VS cost of machine vs upkeep of machine

wages 100% alter the equation. and there are of course many more factors, but wages are a big part of it.
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#27
Nov 1 2021 12:59pm
Quote (JessiWan @ Nov 1 2021 02:19pm)
You must be a white person. White people tend to be very trusting. Their first impulse is to see the good in everybody. They find it difficult to believe that there are people out there who are genuinely bad. People who are out to hurt them. They have a hard time imagining this.

While I generally find white people's trusting-ness to be very endearing, I have to say that this can cause their demise, if they are not careful.


Yep, my family is from the middle east originally. Anyway, you're not wrong that many people are pretty awful and plenty of people are willing to do harm. That doesn't change the fact that people are usually incompetent and incompetence is usually the reason why things are shitty, rather than malice. I don't doubt that there are plenty of people who would be malicious, but that's really not the root issue here.

Quote (NetflixAdaptationWidow @ Nov 1 2021 02:27pm)
Two of the prizes are Literature and Peace. So it's not like "nobel prize" is automatically a science prize.


This is a fair counter-point. I do stand by my beliefs about why they introduced the prize, though.

This post was edited by darkfire on Nov 1 2021 01:01pm
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#28
Nov 1 2021 01:03pm
The 2009 Nobel Peace Prize was awarded to United States President Barack Obama for his "extraordinary efforts to strengthen international diplomacy and cooperation between peoples".
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#29
Nov 1 2021 01:05pm
Quote (SylvesterStallone @ Nov 1 2021 02:03pm)
The 2009 Nobel Peace Prize was awarded to United States President Barack Obama for his "extraordinary efforts to strengthen international diplomacy and cooperation between peoples".


He brought together white and black simply by being born.
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#30
Nov 1 2021 01:09pm
Quote (thesnipa @ Nov 1 2021 01:48pm)
wat?

as a simple formula for a company:

wage of worker + benefits of worker VS cost of machine vs upkeep of machine

wages 100% alter the equation. and there are of course many more factors, but wages are a big part of it.


I think wage increases are less important than is commonly thought, because of how expensive it is to develop and deploy automation. Doubling a minimum wage worker's salary is a significant increase, but automation is really expensive, so it's unlikely that a minimum wage increase makes much different to that formula. The real factor is technology becoming cheaper. Technology costs come down far faster than wages go up, so even if you double the wages of minimum wage workers you're only pushing automation ahead by one halving-period.
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