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AI won't take your job, might shrink your wages, European Central Bank reckons
(www.theregister.com)
this post was submitted on 30 Nov 2023
176 points (95.4% liked)
Technology
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Yes, they are being paid less. Technology is supposed to free us from mundane tasks and make things cheaper. However, neither one of these occurs because of greed and poor management. So in reality if technology is paying us less, it should also be making things cheaper for us. There is clearly a discrepancy and we should demand for lower prices or higher wages, or both as a compromise. The compromise cannot be lower wages and higher prices, that is economically destructive and fuels greed and class wars.