23 Jan 2026 12:39 pm
They should probably rewrite the text books to say:Cannonpointer » 23 Jan 2026, 1:18 pm » wrote: ↑ Well, I DID take econ 101, and it told me that better productivity = more profits = more job creation by the wealthy.
So the OP is correct to smirk and sneer at anyone dumb enough to believe that, since it is manifestly false.
As false as my claim to have taken econ 101, but I lied for truthful reasons.
Better productivity=more profits=more money to shareholders. (Or a new yacht for the owner)
AI is going to have an impact on labor, how that washes out might not be pretty.