11–20 of 162 posts
This is kind of a wild quote from the article. WTF? two hours unpaid work per day?
"A supplement of 40% of the daily wage will be paid for the sixth day of labor."
It's unclear to me if this means they're receiving 100% + 40% for their sixth day, or if the sixth day is 4/10th the normal wage?
How did we lose the art of training new hires?
Paradoxically, efficiency generates more available work, not less.
The amount of work to be done is not finite.
Two things happen at the same time: 1. people say that robots are taking all the jobs 2. countries raise retirement age & adopt 6 day work week, because there's too much work to be done I am not entirely sure, but maybe robots are not that bad, assuming appropriate taxation to fund pensions & 5-day work weeks?
3. Greece's unemployment rate is almost 11%. What a bizarre situation.
6 days used to be normal generations ago, and still is in many parts of the world. Perhaps we're just in a golden age that's about to end.
I wonder what was all the progress in automation about then, just making a few capitalists richer while we regress to "generations ago"? The luddites don't sound so crazy anymore these days.
I've been glad to see more and more people rediscover lately their actual grievances.
Two things happen at the same time: 1. people say that robots are taking all the jobs 2. countries raise retirement age & adopt 6 day work week, because there's too much work to be done I am not entirely sure, but maybe robots are not that bad, assuming appropriate taxation to fund pensions & 5-day work weeks?
> From the construction industry to the tourism sector...
those are the jobs which robots cannot currently take. And even for jobs which robots can do (manufacturing), they won't be used if the salaries are so low that humans are cheaper.
If Robots/Ai allow us to extract more value per hour worked, it will unlock more work that wasn't worth doing before. Paradoxically, efficiency generates more available work, not less. The amount of work to be done is not finite.
There's no fixed definition of how much work needs to be done. Different people may have different interests and standards that lead them to prefer that more, less and/or different work is carried out. The amount of work to be done can certainly be bounded for some people in some situations.
Isn't Greece's unemployment rate the highest in the E.U.? Yes, they may be "low-quality" workers applying for jobs, but if a company can't find "high-quality," they must make do. How did we lose the art of training new hires?
Two things happen at the same time: 1. people say that robots are taking all the jobs 2. countries raise retirement age & adopt 6 day work week, because there's too much work to be done I am not entirely sure, but maybe robots are not that bad, assuming appropriate taxation to fund pensions & 5-day work weeks?
No amount of automation has ever seemed to result in a net reduction in work to do thus far
Shortages of labor should lead to higher wages. Supply and demand.
So it would make sense to relax laws prohibiting working more than 40hrs in order to unleash additional economic output i.e. increase the amount of money made.
The article claims that for some reason that defies logic, it will just make employers demand more work for same amount of money.
I see two possibilities for that.
A country-wide collusion between employers to fix wages. That doesn't seem possible. If employer A has profit to spare and could make even more profit if he had more employees, what logic would lead him to NOT raise wages and steal workers from employer B? The wages should raise because workers would migrate to the highest paying jobs.
Or there just isn't profit to pay more in which case there's noting the government can do either way.