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Nvidia’s CEO Jensen Huang says electricians and plumbers will be needed by the hundreds of thousands in the new working world (fortune.com)
submitted 2 months ago by to c/technology@lemmy.world
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[–] 1 point 2 months ago (1 child)

While I sort of agree with you that that is his angle, service jobs that aren't easily automatable will continue to climb in the "job stability and pay rate" category until the world figures out how to deal with Baumol's Cost Disease:

https://en.wikipedia.org/wiki/Baumol_effect

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  • [–] 2 points 2 months ago

    What do you mean 'deal with Baulmol's cost disease'?

    You mean general, broad inflation, right?

    You're worried that non-automatable low wages jobs will continue to be non-automatable low wage jobs, but slightly less low wage?

    You're worried that jobs tend to need to be done by people who can afford to be alive?

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