By this logic the price of commodities should drop down after overpriced labor is automated. We both know that isn't true though.

Employers of the underclass haven't paid their own way in a very long time as the state has subsidized their businesses for a long time now. I'm supposed to worry that the same companies that can't afford to or don't have the values to pay their employees are going to turn into the Jetsons overnight?
I'm not worried what the lice to, as these businesses are parasitical and enemies of businesses who pay their own way (and employees).

This isnt entirely true, stagflation of prices on many goods has defied both inflation price increases and increased prices of raw goods. especially from the 1990s to mid 2000s.

the conversation isn't simple, we've BOTH seen products maintain a steady price against inflation, AND seen companies both reduce the amount given at a price point and take an increased profit margin from automation.

automation can at the same time provide a quality low priced product to consumers and fill the pockets of corporations, that's a reflection of capitalism and corporate profit margins in america. and honestly an issue that could be rectified by an automation tax that doesnt stifle advancement but draws back corporate profits. the issue is we have one set of lawmakers categorically against such a tax and another who seeks to take all profit gained from automation from corporations which will just cause offshoring and outsourcing. we need a middle ground to find the right path towards a solution.

This entire topic is stupid beyond words. Did maybe 5 minutes of news reading to overturn all of the stupidity.

Through the free market, most intelligent jobs start at $25/hr PLUS BENEFITS these days due to competition.

You did 5 minutes of reading and came up with a response that has nothing to do with the subject.

Your entire thread was based on one fallacious assumption - that wages were unnaturally low.

And I just proved it wrong.

Go cry alone, loser.

This post was edited by EndlessSky on Nov 2 2021 04:43pm

That has never once been stated or implied.

These specific contention is that wages do not act as an elastic good like commodities.

Apparently not, because starting wages are $25/hr plus benefits across the board now - in line with inflation.