this post was submitted on 28 May 2024
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True wealth (jlai.lu)
submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]
 
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[–] [email protected] 19 points 4 months ago (3 children)

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?

[–] [email protected] 14 points 4 months ago

Average productivity and salary were pretty closely tied up until around 1978. Since then productivity has continued to skyrocket but salary has remained stagnant.

[–] [email protected] 14 points 4 months ago (2 children)

Capitalism and concentration of wealth, not automation.

[–] [email protected] 4 points 4 months ago (1 children)

Yeah, the issue is that already-rich business owners own all the automation and are scooping the profits of the increased productivity.

[–] [email protected] 4 points 4 months ago

Looping back to feudal lords spending their money mostly on luxury goods.

[–] [email protected] 2 points 4 months ago

Apparently I agree, congrats (look after me dog).

[–] [email protected] 4 points 4 months ago (1 children)

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.

[–] [email protected] 2 points 4 months ago

Agree, plz help.