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Comment: Re:Automation = Rising wages (Score 3, Insightful) 213

by Shajenko42 (#44121657) Attached to: Foxconn's Robot Workforce Now 20,000 Strong

Automation doesn't occur unless labor costs are higher than the cost of automating away that job

FTFY. Lots of things can be automated that would pay a human only minimum wage, but it's even cheaper for a machine to do it.
Just because automation is happening doesn't mean people are paid well. Cost of automation goes down all the time.

It seems intuitively obvious to me, which means that it might be wrong. -- Chris Torek

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