alt Hacker NewsTotal compensation involves more than just wages. Providing benefits such as healthcare coverage is inherently expensive, since productivity gains in healthcare have been limited.
Replies
grigri907 • last Monday at 4:42 PM
The point still remains, it's not like I get double the healthcare if I increase productivity.
IAmBroom • last Monday at 5:04 PM
A bad-faith argument.
Workers do not benefit in increased compensation of any sort when AI increases company productivity.
triceratops • last Monday at 5:35 PM
That's not such an ironclad argument lmao. If we are to believe Baumol's cost disease, rising productivity in other sectors is partly responsible for healthcare cost increase.
Obviously I don't seriously believe we should depress productivity so that nurses make less money and hospital stays are cheaper. But, you know, it doesn't make it untrue.
At least in the United States we are not getting this benefit.
If AI does begin to really crater the job market, only owners of AI (yes including shareholders) will benefit but most folks do not own stock - or at least do not own any significant amount of stock.