The article discusses the potential consequences of widespread automation on employment and consumer demand. It highlights the dilemma faced by companies, particularly those in the business-to-consumer (B2C) sector, as automation reduces the number of people with disposable income to purchase their products.
The author notes that corporate executives often favor automation due to its potential to reduce overhead costs associated with payroll and benefits. However, the article questions the long-term viability of this strategy, as a significant portion of the population may become unemployed and unable to afford the "crap" that companies produce.
The article suggests that B2B (business-to-business) companies may still be able to sell their products to other companies, even as automation reduces the number of employed individuals. However, the B2C sector faces a more significant challenge, as a large portion of the population may not have the means to purchase consumer goods and services.
The article references the argument made by "How Money Works" that consumer-selling companies may adapt by catering exclusively to the wealthy, similar to the video game industry. This raises concerns about the potential for increased inequality and the exclusion of a significant portion of the population from the consumer market.
Ke Bahasa Lain
dari konten sumber
tedbauer.medium.com
Wawasan Utama Disaring Dari
by Ted Bauer pada tedbauer.medium.com 07-29-2024
https://tedbauer.medium.com/if-aint-nobody-employed-who-s-gonna-pay-for-the-crap-we-produce-e20868ddf7b1Pertanyaan yang Lebih Dalam