If theres competition, the employee life is healthy, cuz the employee can just say "well screw you ima go work for your competition"

or, depending on the market can say "Ima start for myself and do better than you and drive you out of business"

the reason employers have power now, is because for every labor level employee, they can find 100 more for lower pay

so they can just say "You work as hard as we want, or we'll just kick you out and get pablo here"

That is not only in a monopoly.
I forget the exact quote but in summation it is.
The employee and the employer need eachother but the employer can go for months without the employee well the employee can go a month without the employer making the workers need much more dire

thats only in a tight market,

If 10 companies are looking to hire, in 10 different markets,

You can just quit and join another market

Employers also have increasing power because automation

Got that first

That is a fair point Cat,

Cuz with automation, you replace the workers and thus create a massive drop in demand, and giant boost in supply

They have always had the most power even without the specific scenarios.
That was from the wealth of nations.
You know the closest thing capitalism has to a founding document.

We will need a major overhaul of how we do things with automation

well, money is power

I attribute the consolidation of money in a small group of hands to automation more than anything

im not gonna say they're on equal footing, but in a low supply, high demand market, the employee has considerable power to challenge the employer

And they do this in groups, Unions

so you'll at the very least wanna stack the odds in favor of your side (the employees)

there are around 6 producers of over 90% of all offbrand foods in the US

It took coming off the safety net of the gold standard, reduced work week, and war when machines came out to makeup for the great depression

@Misomania I used to work in a grocery store, can confirm

With automation, we'll have to switch over to service jobs

Or we need to go into post scarcity economics

AI though

Which is the next logical step

overall it seems that the natural tendencies of open markets is to eliminate competition, mergers and buyouts. Add in automation and overall that will eliminate almost all food producing jobs

yeah, and unattainable for atleast the next 70-80 years

if that

We are making robots capable of art we are obsoleting humans

and Open markets are meant to create start ups,

Small companies will grow and become big companies, they'll get corrupt/assoles in their thrive to earn more money,
Making the people dislike them and supporting smaller companies, which will drive out the old one

you see this in the media world

CNN etc dying, and Tim and Styx etc growing

Just work towards singularity

are we making robots capable of art?

Or are we just losing our view of art due to pretentious asswipes living in denial about their artistic grasp? 😉

those slutwalk poems are a harsh competitor to Shakespeare i'm sure 😛

What happens to the nations that become nationalistic and don't go with singularity? Do they war the singularity nations and win? Then go to Trumpolitics?

Tax robots and machines for the value of thier production and then return that to the human economy

That was an idea I has before is tax the robots more than human labor

they are already making 'robot' news anchors

Tim is a robot news anchor, you ever seen his legs in a video?

Lol

and apparently it's both more likeable and human like when compared to come cnn anchors

Post scarcity is a meme, art is not about the end result in isolation, people still prefer interactions with other people