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[–] 24 points 1 year ago (5 children)

tech advancements are converted to company profits rather than worker profits. What CEOs try to do with AI (but fail) is a proof of that.

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  • [–] 8 points 1 year ago (4 children)

    tech advancements are converted to company profits rather than worker profits.

    The problem is ownership.

    When the capitalist owns the technology that bring an increase of productivity then the capitalist "is entitled" to 100% of the "extra" profit generated by the increase of productivity. Because the workers are not able to output any excess by their own means the capitalist doesn't believe they deserve anything extra which is why we're stuck in this shit situation where wages seem stagnant while profits and productivity seem to always increase. :(

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  • [–] 8 points 1 year ago (3 children)

    You found a long wording there for "the means of production" :)

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