If you refuse to improve efficiency you will fall to countries that don’t.

Obviously. I’ve said the same thing to people who say that lowering corporate tax rates are some sort of “race to the bottom.” However, it’s clear now that a blind loyalty to efficiency is in the best interests of the corporations, and not the citizens.

Banning technologies that improve the efficiency of production of goods will result in goods costing more, which will gradually destroy global competitiveness.

Again, obviously.

Very few people will want to pay 50% more for a basic product just because it has had more humans involved in it’s manufacture.

Quite so. The question remains, how do you feed the ones who no longer have job because of this process?

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store