Earlier quoted context omitted.
We used to be 90%+ farmers. We'll find a way.
Then give some examples. The "well, we've always found a way before" is just hand waving without specifics. Importantly, if you consider a model where the rate of technological progress steadily increases, it's very possible that rate at one point will overtake the rate at which new jobs are created. When/if that happens, the calamity will come quite suddenly, even if decades and centuries prior we always found more…
Uniqlo cut 90% of staff at one warehouse by replacing them with robots
91–100 of 314 posts
Re: Uniqlo cut 90% of staff at one warehouse by replacing them with robots
#92Modern societies are going to have a very real problem to grapple with as this replacement goes from newsworthy to the norm. This could result in significant worker displacement with massive bottom-line ROI for companies in the next decade or two, particularly as minimum wages rise. I'm not of the opinion that this automation will create an equal number of jobs for the ones they replace. Even if they do, it is unlike…
The source of the problem is simple. Real societal value is generated through this activity, but it is reaped entirely by Uniqlo and its stakeholders. Yes, consumers are also a stakeholder, but your typical consumer will receive very little or no direct benefit from this change. Eventually, yes, the profits will be reinvested, but the impact will be so diluted as to be a noticeable. Some small fraction of it will pro…
Re: Uniqlo cut 90% of staff at one warehouse by replacing them with robots
#93How about instead of selling robots to companies to replace their laborers, we sell robots to the workers to do their jobs. You keep getting paid as long as you keep your robot running.
Re: Uniqlo cut 90% of staff at one warehouse by replacing them with robots
#94Earlier quoted context omitted.
On Star Trek doesn't everyone have their own Replicator than can churn out anything? Why does someone even need to get paid? Just make one from your replicator and ship it to a friend in need.
Just use your replicator to make another replicator and send them that!
Re: Uniqlo cut 90% of staff at one warehouse by replacing them with robots
#95Re: Uniqlo cut 90% of staff at one warehouse by replacing them with robots
#96Modern societies are going to have a very real problem to grapple with as this replacement goes from newsworthy to the norm. This could result in significant worker displacement with massive bottom-line ROI for companies in the next decade or two, particularly as minimum wages rise. I'm not of the opinion that this automation will create an equal number of jobs for the ones they replace. Even if they do, it is unlike…
The source of the problem is simple. Real societal value is generated through this activity, but it is reaped entirely by Uniqlo and its stakeholders. Yes, consumers are also a stakeholder, but your typical consumer will receive very little or no direct benefit from this change. Eventually, yes, the profits will be reinvested, but the impact will be so diluted as to be a noticeable. Some small fraction of it will pro…
Eh? I've shopped at Uniqlo in SF. Compared to buying clothes at hipster boutiques, it was shockingly affordable. I'd say whatever they are doing is unquestionably offering a direct benefit to the consumer.
Re: Uniqlo cut 90% of staff at one warehouse by replacing them with robots
#97Earlier quoted context omitted.
Can you expand on this? I don't understand which populations you're referring to as having become decoupled from force projection? In the US at least, there's 1+ gun for every man, woman, and child. Even if the elite class is backed by the entire US military, there's something to be said for overwhelming force of numbers.
The gun owners are typically on the other side of the aisle from those who support redistribution of wealth. Not saying that couldn't change or that desperation can't trump principle, of course.
Re: Uniqlo cut 90% of staff at one warehouse by replacing them with robots
#98Earlier quoted context omitted.
The source of the problem is simple. Real societal value is generated through this activity, but it is reaped entirely by Uniqlo and its stakeholders. Yes, consumers are also a stakeholder, but your typical consumer will receive very little or no direct benefit from this change. Eventually, yes, the profits will be reinvested, but the impact will be so diluted as to be a noticeable. Some small fraction of it will pro…
The other thing they don't teach you in Econ 101 is that treating corporations as obligated to keep and preserve jobs prevents them from creating societal value, and treating workers as entitled to a job disincentivises the invention of new methods of creating societal value. It causes stagnation of the economy.
Re: Uniqlo cut 90% of staff at one warehouse by replacing them with robots
#99Earlier quoted context omitted.
An alternative, which I advocate for, is that the lower class form productive collectives, stop contributing to the ultra wealthy, and generate their own real wealth. Much of the worlds wealth exists in wealth-generating infrastructure and information that is accessible to all of us. If we simply divest from the ultra wealthy and build a new economy based on cooperation, we can construct a system that inherently lift…
One concrete step can be getting rid of the capital requirements (by regulation) to invest. The idea of 'qualified investors' is literally a way to keep poor people poor, and rich people rich, by cutting off poor or middle class people from the major vehicles of wealth creation. It is ridiculous that I cannot invest in the IPO of a company in my local neighborhood because, while I have enough money to satisfy the bus…
Drop them and you'll see what already is happening in the cryptocoin scene: people getting exploited left and right. Point is, no sofa investor will be a shark and get rich, contrary to the ICO promises.
Re: Uniqlo cut 90% of staff at one warehouse by replacing them with robots
#100Earlier quoted context omitted.
An alternative, which I advocate for, is that the lower class form productive collectives, stop contributing to the ultra wealthy, and generate their own real wealth. Much of the worlds wealth exists in wealth-generating infrastructure and information that is accessible to all of us. If we simply divest from the ultra wealthy and build a new economy based on cooperation, we can construct a system that inherently lift…
One concrete step can be getting rid of the capital requirements (by regulation) to invest. The idea of 'qualified investors' is literally a way to keep poor people poor, and rich people rich, by cutting off poor or middle class people from the major vehicles of wealth creation. It is ridiculous that I cannot invest in the IPO of a company in my local neighborhood because, while I have enough money to satisfy the bus…