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True wealth
(jlai.lu)
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this post was submitted on 28 May 2024
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So, no-one is going to say by automation, one person can feed 10,000, clothe 1000, house 100. Not even 1 'man' can support a family like in the 1950s. What's gone wrong ? What's the damn problem, sir?
Average productivity and salary were pretty closely tied up until around 1978. Since then productivity has continued to skyrocket but salary has remained stagnant.
Capitalism and concentration of wealth, not automation.
Yeah, the issue is that already-rich business owners own all the automation and are scooping the profits of the increased productivity.
Looping back to feudal lords spending their money mostly on luxury goods.
Apparently I agree, congrats (look after me dog).
1 man can feed 10,000 families after automation, but capitalism has taken away the extra 9,999 families worth of wealth, and the working class is now back to square 1.
Agree, plz help.