• 4 Posts
  • 182 Comments
Joined 1 year ago
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Cake day: August 13th, 2024

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  • I’m dumb, such at theory (reading through Marx’s works now) and just woke up so please let me know if I’m dropping the ball.

    Does this mean that companies will try to automate things faster than their competitors, to squeeze out more profit as they can until their competitors do the same and “stabilizes” the profits?

    Ex: Companies 1 & 2 both make toothpaste. They both sell toothpaste at the same price, company 1 automates the screwing on of toothpaste caps, lowering the cost of labor input and sells at a slightly lower price, in turn getting more profit. Company 2 catches up, also lowers their prices.

    At some point these companies will both automate the jobs to a point that they will require very few employees. If this is done across industries, at some point there will be rampant amounts of unemployment and nobody will be able to purchase their products.

    What happens after that, surely the death of capitalism right? Nobody will be employed, a few hogs will have all the money, but what value does money provide if only a couple people actually have it?






  • There actually is truth to this lol.

    Remote workers are outsourcing their jobs to other countries, I don’t think they know that it’s the DPRK though.

    Security firms are fear-mongering, saying that the DPRK is a state-sponsor of these schemes, and use the wages to fund their nuclear program as well as steal information from the companies they work at.

    I call BS on that part though. Remote workers have been increasingly outsourcing their work to exploit the labor of other countries. It’s just xenophobic fear-mongering that makes it seem as if the DPRK has an agenda related to stealing information.

    If it were someone outsourcing their labor to India or Pakistan, there would be no such accusations against their governments for stealing proprietary information and using the wages to fund their nuclear program.