by
Ryan Avent
64
In Search of a Better Sponge
1
terms
2
notes
66
[...] Consider 'green jobs', for example. Within that category there are occupations that are both high-productivity and scalable, such as work on production lines making wind turbines or solar panels. But, unfortunately, such work is easily automatable. [...]
you can tell he's gotten so used to thinking of providing jobs as a telos that he fails to consider 1) the environmental implications of this (earlier, he obliviously compares this to the fracking industry) or 2) the possibility that automatable work is GOOD (which he does acknowledge in other parts but I guess his latent ideology slips out sometimes)
[...] Consider 'green jobs', for example. Within that category there are occupations that are both high-productivity and scalable, such as work on production lines making wind turbines or solar panels. But, unfortunately, such work is easily automatable. [...]
you can tell he's gotten so used to thinking of providing jobs as a telos that he fails to consider 1) the environmental implications of this (earlier, he obliviously compares this to the fracking industry) or 2) the possibility that automatable work is GOOD (which he does acknowledge in other parts but I guess his latent ideology slips out sometimes)
Baumol effect
(en)
(aka Baumol's cost disease) rise of salaries in jobs that have experienced no increase of labor productivity, in response to rising salaries in other jobs that have experienced the labor productivity growth
69
Baumol's cost disease means that the cost of many critical sectors in an economy tends to rise over time
notable
6 years, 4 months ago
Baumol's cost disease means that the cost of many critical sectors in an economy tends to rise over time
notable
6 years, 4 months ago
77
In a very low-wage world, more people will opt out of work. That will inevitably strain the social-safety net; societies will be ever more clearly divided into those who work and pay for social programmes and those who live off them. Societies will face a reckoning: either they will decide that this dynamic is unavoidable and should be made to work as effectively as possible, or the haves will reduce aid to the have-nots, leading to intense political conflict between those two groups.
That conflict will be shaped and determined by which groups most effectively wield power.
this is the closest he gets to being radical
In a very low-wage world, more people will opt out of work. That will inevitably strain the social-safety net; societies will be ever more clearly divided into those who work and pay for social programmes and those who live off them. Societies will face a reckoning: either they will decide that this dynamic is unavoidable and should be made to work as effectively as possible, or the haves will reduce aid to the have-nots, leading to intense political conflict between those two groups.
That conflict will be shaped and determined by which groups most effectively wield power.
this is the closest he gets to being radical