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RE: LeoThread 2024-11-19 11:14

in LeoFinancelast year

Part 2/16:

Economists have argued that automation is ultimately good for the economy, as it makes us wealthier. But from the perspective of an individual worker who gets automated, it's unambiguously bad. The big question is how to reconcile these opposing perspectives.

Economists have argued that while automation is painful for the individual, it allows the economy to produce more with less, making it more efficient. After some adjustment period, workers can switch to more productive jobs that generate higher incomes.