In 4 years it went from $150 per month to $700. If you add up 1 million employees at that rate, consider that they are servicing multiple companies and the fact Apple alone makes about $40b net profit per year, having more reasonable working conditions is not going to negatively impact the operation. It doesn't have to be a never-ending cycle of pay increases, it will reach a balance where people aren't feeling compelled to spend their whole lives on a factory floor and lose any sense of purpose.
I think this loss of a sense of purpose will get worse before it gets better. The growing post-scarcity economy is going to be interesting. There aren't enough needs for most of 8 Bn people to contribute to the economy in a useful way. Somehow, society will have to start valuing people for more than what they contribute to the economy.
I think this loss of a sense of purpose will get worse before it gets better. The growing post-scarcity economy is going to be interesting. There aren't enough needs for most of 8 Bn people to contribute to the economy in a useful way. Somehow, society will have to start valuing people for more than what they contribute to the economy.
Society isn't relevant to this. This is a matter of economics. Supply and demand. Wages have risen in China and a lot of the assembly work has been moving to countries where labor is even cheaper.
Society isn't relevant to this. This is a matter of economics. Supply and demand. Wages have risen in China and a lot of the assembly work has been moving to countries where labor is even cheaper.
Society isn't relevant until it is. The jobs moving to cheaper countries will continue until most of the work is automated and those jobs are eliminated. Once the automation reaches far enough up the food chain that physicians start losing their jobs (for instance), then the economy will alter society.
Comments
In 4 years it went from $150 per month to $700. If you add up 1 million employees at that rate, consider that they are servicing multiple companies and the fact Apple alone makes about $40b net profit per year, having more reasonable working conditions is not going to negatively impact the operation. It doesn't have to be a never-ending cycle of pay increases, it will reach a balance where people aren't feeling compelled to spend their whole lives on a factory floor and lose any sense of purpose.
I think this loss of a sense of purpose will get worse before it gets better. The growing post-scarcity economy is going to be interesting. There aren't enough needs for most of 8 Bn people to contribute to the economy in a useful way. Somehow, society will have to start valuing people for more than what they contribute to the economy.
Society isn't relevant to this. This is a matter of economics. Supply and demand. Wages have risen in China and a lot of the assembly work has been moving to countries where labor is even cheaper.
Society isn't relevant to this. This is a matter of economics. Supply and demand. Wages have risen in China and a lot of the assembly work has been moving to countries where labor is even cheaper.
Society isn't relevant until it is. The jobs moving to cheaper countries will continue until most of the work is automated and those jobs are eliminated. Once the automation reaches far enough up the food chain that physicians start losing their jobs (for instance), then the economy will alter society.