Thoughts on the Future of our Economy

What are your thoughts on the ever increasing automation of our workforce?

Official response from submitted

The way capitalism works, the higher the wages workers' efficiency and struggles achieve, the greater the incentive for employers to replace them with machines. While improved technology could work (as its defenders have often promised) to reduce drudgery of labor and worktime, capitalists prefer to use technology to fir employees, automate, and enhance profits. Because employers call the shorts in capitalism, technology aims for profits, workers come to fear and block it, social irrationality deepens. The increasing automation of modern capitalism functions as a process producing the antipathy to capitalism now visible from left and right.

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  • responded with submitted 2016-12-03 14:55:50 -0500
  • tagged this with good 2016-12-03 11:22:54 -0500
  • published this page in Ask Prof. Wolff 2016-12-02 15:09:36 -0500


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