this post was submitted on 16 Jan 2024
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Reminder: the problem is 100% capitalism, 0% technology. We've built a truly perverse economic system in which eliminating labor hurts people.
We have Jack Welch to thank for this trend. It wasn't always that way.
Or Henry Ford. Heck choose anyone in the Industrial revolution. Thats when this started truly kicking off.
Well, it was Jack Welch who started the braindead "line goes up" trend of making their share price raise by any means, usually layoffs. Before him, people still had jobs for life and were somwhat looked after by their employers. Behind the bastards podcast did a good episode on him.