alt Hacker NewsMy problem is when you automate, the benefits are not passed on to the entire chain of people involved even though we start the discussion with that. So what do we do?
My problem is when you automate, the benefits are not passed on to the entire chain of people involved even though we start the discussion with that. So what do we do?
In a competitive market, efficiency gains are generally going to end up as lower prices to the customer, which is the main way that ordinary people benefit from them. That doesn't happen when the market is consolidated and the oligopoly keeps the gains themselves.
So, ensure competitive markets by thwarting regulatory capture and enforcing antitrust laws.