Totally this. The capitalists feared that yet another country could spiral into revolution and then communism, so they had to keep the workers happy.
The collapse of the Soviet Union combined with neoliberalism and globalism shifted the balance. Now they could always threaten their workers “If you are unhappy, we’ll move production to Singapore or Vietnam. So behave if you want to have a job.”
With AI and robots this shifts further. Let’s see where this goes.
It’s not just moving industry to countries with cheap labor, there’s also importing cheap labor.
These two things have positive effects for workers elsewhere because they get skilled and comparatively well paid jobs.
A fully globalized economy should eventually balance itself out regarding wages for similarly skilled jobs.
With AI and robots this shifts further. Let’s see where this goes.
It will be fascinating to see a post scarcity economy. Will all people work as artists, personal trainers, motivational speakers, artisanal bakers, and such?
Totally this. The capitalists feared that yet another country could spiral into revolution and then communism, so they had to keep the workers happy.
The collapse of the Soviet Union combined with neoliberalism and globalism shifted the balance. Now they could always threaten their workers “If you are unhappy, we’ll move production to Singapore or Vietnam. So behave if you want to have a job.”
With AI and robots this shifts further. Let’s see where this goes.
It’s not just moving industry to countries with cheap labor, there’s also importing cheap labor.
These two things have positive effects for workers elsewhere because they get skilled and comparatively well paid jobs.
A fully globalized economy should eventually balance itself out regarding wages for similarly skilled jobs.
It will be fascinating to see a post scarcity economy. Will all people work as artists, personal trainers, motivational speakers, artisanal bakers, and such?