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RE: Economic graph of the day #5. Worker's share in global wealth
Yes, automation processes make the workforce cheaper. And many factories need a very small number of workers now. Automation is good, but because of it the income of a large number of workers decreases. I correctly understood your post?
Right!
Automation will displace one third of workers and dramatically boost overall performance. But behind this growth are dozens of millions families pushed to the edge. We still ought to find ways to ease such a social disaster,