The
BBC reports that Chinese electronics supplier Foxconn has allegedly
eliminated 60,000 jobs through the use of automation, which I think
is just great.
To grow a consumer-based economy, isn't it clear that eliminating potential consumers is the best path forward? While we're applauding, we should also acknowledge that this protects at-risk executives from starvation.
Genius!
To grow a consumer-based economy, isn't it clear that eliminating potential consumers is the best path forward? While we're applauding, we should also acknowledge that this protects at-risk executives from starvation.
Genius!
After swallowing my morning bowl of corporate propaganda, I wonder how
much less your next iPad will set you back as a result of this cost-reduction. Or your next Samsung Galaxy
phone. Or your kid's next Sony PlayStation. I
mean, isn't that why companies use automation? To lower costs?
One-hundred
years ago, automation was touted as an expressway to affordable
consumer goods, the most famous exponent of which was the Ford Model
T. The economies of scale made formerly unavailable products
available to the working man, exponentially increasing the depth and breadth of
America's collective wealth.
In
the twenty-first century, automation seemingly serves another
purpose: to cull people from their jobs. Automation is a tool, a
merciless efficiency intended to swell profit margins while it
removes enormous swaths of the population from consideration of
anything but the barest, most marginal existence.
Again,
let me know how much less your next iPAD costs, OK?
Corporate
spokesmen will argue that as opportunities close at one end, they open at
another. Which is only a self-serving repeat of Alexander Graham
Bell's famous quote. Like the Reagan administration's fantastical
explanation of trickle-down economics, it sounds wonderful and
entirely plausible on paper.
But
with opportunities for living-wage jobs (not to mention access to higher education) diminishing every year, this
is more public relations swill than reality.
Instead of
these new profit margins being shared by a wide demographic (i.e. workers), the resulting
wealth is concentrated into an ever-shrinking sliver of the
population, giving them power and control not seen since the sixteenth-century heyday of the
Catholic church.
As
corporate titans seek to marginalize the human being, perhaps now
would be a good time to take this to its logical extreme and ponder
the development of robots who consume. We've already replaced the
worker with technology. Why not replace the consumer, too?
In
a short-sighted world whose unthinking embrace of technology is best
described as we should because we can, it would be entirely appropriate.
Feudalism
is a growth stock. Invest now.
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