Comment by topocite
4 days ago
You obviously haven't thought about economics much at all to say something this simplistic.
There are so many counter examples of this being wrong that it is not even worth bothering.
I love economics, but it is largely a field based around half truths and intellectual fraud. It is actually why it is an interesting subject to study.
Denial of economic truths is denial of science. Not sure what to tell you. What parts do you reject?
Like denying that more efficiency without a commensurate increase in product demand means the demand for labor goes down, which means fewer jobs, and lower salaries? You don’t pay people what they’re actually worth, you pay people what they’ll work for. Requesting more money because you’re making the company more money is only viable if there aren’t qualified people lining up for the chance to take your role. Even without more money, well-paid people tend to regrettably get laid off in those circumstances.