By the way, Marx literally predicted wages stagnating even as production increases. I’ve also added some other benchmarks to help gauge where earners would stand given how much they currently earn.

25k in 2020-> 57k

35k in 2020-> 80k

45k in 2020-> 103k

50k in 2020-> 108k

75k in 2020-> 172k

100k in 2020-> 229k

  • opposide [none/use name]
    ·
    4 years ago

    Automation is great for those who own it. That’s why automation is such a focus for giant corporations right now. They want to remove power from the hands of the workers

    • Prinz1989 [he/him]
      ·
      4 years ago

      Automation usually means an increase in productivity so now you can produce the same quantum of commodities with less manhours going into them. So their value is less then before, but because your competiton has not become more productive it sells pretty much for the same price as before and therefore you make an extra profit. That is the classic motiv for automation. Removing power from the workers is usually not the reason unless maybe in full employment. Unions have overall lost all over north America and Europe in the last decades. Within international competition nationally organized labour doesn't hold that much power.