I do find some perversion in the way the market tackles this issue: the market attacks the lowest paying people first, trying to automate the low-skill jobs, as opposed to attacking things like CEO compensation at 100 million, or software engineers making 200k in silicon valley.
I think the market is being inefficient here, and I don't know if its a market failure (lowest paying people have the lowest bargaining power, cultural power, etc) or a regulatory challenge (you cant automate away doctors, lawyers, VC capital, management, investment votes, etc).
I think the market is being inefficient here, and I don't know if its a market failure (lowest paying people have the lowest bargaining power, cultural power, etc) or a regulatory challenge (you cant automate away doctors, lawyers, VC capital, management, investment votes, etc).
Probably both.