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Cisco Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit (futurism.com)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] okamiueru 3 points 4 months ago

Indeed. There is no one solution. My little island analogy was a bit too simple.

The main point is to reflect on what would happen when half the population falls outside a productive way to contribute with needs like everyone else: "Crime" skyrockets. The discussion society should have is whether or not the end result is acceptable: Half the population in poverty, and all that wealth consolidated to one family.

The sad thing is that this simplifies what is already the case. This is reality. If the average wage in the US was doubled, it wouldn't exceed anything more than the expected return for increased productivity. Which is insane

https://wtfhappenedin1971.com/