sc94597 on 28 May 2016
| Brainslug said: It's just an excuse, in 5-10 years that robot arm will cost lest than half that price and then they'll feel that paying $7 an hour is too much. |
In 5-10 years the economic situation won't be the same that it is today. People who respond very little to change in short periods of time will have more time to figure things out and what they can do with their life. Nobody is disputing that it is inevitable, but would you rather it happen tomorrow or over a longer period of time with more incremental changes?
To ignore time-dependence and elasticities is to be economically ignorant. Read up!
