Ask Lemmy

27220 readers

2214 users here now

A Fediverse community for open-ended, thought provoking questions

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected]. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.

6) No US Politics.

Please don't post about current US Politics. If you need to do this, try [email protected] or [email protected]

Reminder: The terms of service apply here too.

Partnered Communities:

Logo design credit goes to: tubbadu

founded 2 years ago

MODERATORS

244

Where are all those price cuts thanks to AI implementation m (self.asklemmy)

submitted 9 months ago by filister to c/asklemmy

63 comments fedilink hide all child comments

So many companies cut their workforce as much as 10-15% citing that those jobs can be fully automated by the use of AI but I am still waiting to see any meaningful price cuts of their products from the said companies, etc.

Otherwise this will mean that they are doing this just to increase their profit margins and please their shareholders and don't care about their customers or workforce.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 17 points 9 months ago (4 children)

The core thing the rich left out when they invented "Trickle Down Economics" was that it's not money that trickles down onto us.

Same goes for efficiency or productivity improvements. Those haven't done to the US workers since Nixon, and definitely not since Regan.

[–] whygohomie 22 points 9 months ago* (last edited 9 months ago) (3 children)

Trickle down wasn't invented in the 1980s. It was a rebranding of what was previously pilloried as horse and sparrow economics in that if you let horses gorge on oats, some undigested oat will pass through their systems and be deposited in the fields for the sparrows to eat.

Gee, I wonder why they rebranded.

[–] disgruntledbroad 4 points 9 months ago

Far more accurate lol. Nothing's trickling down except some half-digested oats covered in horseshit

load more comments (2 replies)