Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 554261410830352394
we'll figure it out aided by our more advanced technology
we have seen how smartphones have already brought new kind of jobs e.g., uber, could new technology bring other opportunties? e.g., automated farming equipment that is cheap and affordable? or other things we don't envision yet
@Eno_ You've got it wrong, income inequality is not really a problem
the rich get richer but the poor also get's richer
I highly doubt full automation will happen.
if you read my message i am arguing for why it isn't a problem
the idea of capitalism that lifts all boats
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yeah, but people have the wole idea wrong
capitalism produces technology, that technology improves our lives, that's wealth
Capitalism isn't meant to let rise
it's supposed to make them fall
hmm?
in nominal terms
They're supposed to rise in *real terms*
despite nominal wages rising, if prices fall etc real wages will rise
which is what Capitalism is about
right. if a widget is cheaper to produce thanks to improvements in technology
Yeah
i think smartphones are a great example, computers in general
Mhm
deflation is good
i think this is an argument for not increasing the minimum wage
the worth of human labor will perhaps go down but we want to give people a chance to sell their labor, so they can earn at least something
if deflation is happening. having $100 from your cheap job is better than having $0 from no job.
if you increase minimum wage, you will increase the rate of automation, you will accelerate the communist dyst/ut/opia
alternatively, we should let the market figure out the new types of labor that come about from the new technology, at whatever their worth, and not interfere with minimum wage as it may well be less than that
the more we interfere in the economy, the more *we need to interfere*, look at venezeula
and its a downward spiral
one measure causes problems so introduce new measures to fix the problems etc. everything goes to shit
Yeah minimum wage is bad
i'm arguing for not touching what we have. i wonder would happen if we just removed it though.
if it ain't broke though... idk
maybe we'd see deflation?
think of it... all these homeless ppl begging for money, if there was no minimum wage, someone might at least give them a job sweeping the street or some very low paying job which would be an improvement to their state now
but as of now they are difficult to employ
having non-zero is a hell of a lot better than having zero
i think the toughest candidate dems could pick is yang
he's the only one not talking about identitarianism race/gender stuff
Yeah deflation is good