Nobody said anything about an evil conspiracy. It’s just the logical consequence of market capitalism. A company that invests $750,000 in an automatic logging machine can do the job cheaper than a crew with chainsaws. The big guy wins, the little guys lose. It’s just business.Judge Roy Bean wrote: ↑Sun Jun 03, 2018 7:43 pmThe arguments have gone on forever and it helps to step back and take a larger economic view - consider this:
These kinds of things are not the result of some evil conspiracy. What all of us decide to spend money on is the ultimate driving force.A study by economists at the consultancy Deloitte seeks to shed new light on the relationship between jobs and the rise of technology by trawling through census data for England and Wales going back to 1871.
The census data also provide an insight into the impact on jobs in a once-large, but now almost forgotten, sector. In 1901, in a population in England and Wales of 32.5 million, 200,000 people were engaged in washing clothes. By 2011, with a population of 56.1 million just 35,000 people worked in the sector.
The Deloitte economists believe that rising incomes have allowed consumers to spend more on personal services, such as grooming. That in turn has driven employment of hairdressers.
So while in 1871, there was one hairdresser or barber for every 1,793 citizens of England and Wales; today there is one for every 287 people.
Business is about profit, period. That brings up the fallacy of one of the arguments pure unregulated market fans make: that competition will solve all problems. But in reality, big business tries to eliminate competition. And they naturally hire lobbyists to influence Congress in ways that make them more money.
They don’t need to conspire. They just do what they can be expected to do.