Comment by tossandthrow
3 days ago
We are likely seeing the end of labor as a power class.
I think of it in roughly 3 eras:
pre industrialization, individual labor contribution had quite a lot of power.
Industrialization, labor sees commoditization and unions make sure that power is kept across individual workers.
Post industrialization (ground zero was like GFC, being accelerated by AI). We need to figure out new structures than labor to distribute resources and power - and that is going to hurt.
Disagree on the timeline of the past, agree that we need to figure out new structures and that this will hurt.
Pre-industrialisation, most labour was the peasantry, whose main contribution was growing enough crops to keep themselves healthy enough to be a useful bunch of conscripts.
Industrialisation created the conditions where labour became important, because the workers were no longer bound to an employer so if they all walked out and told their friends you were a bad boss, your expensive capital (machinery) went idle.
The third industrial revolution, AKA the Information Age, was when it (gradually, piece-by-piece) started to become possible to do "lights-out manufacturing" or "dark factories", so-named because you (sometimes) don't need lights if you have no human workers. This period also came with globalisation and offshoring, which muddied the waters somewhat.
When some task can be fully automated, the labour working on that task loses its power with the management, e.g. UK print workers lost their relevance to the creation of newspapers in the UK with https://en.wikipedia.org/wiki/Wapping_dispute
Lights-out manufacturing is the ultimate form of this, where all the humans are redundant.
GFC? I'd say the dot com bust. It was the first time markets rewarded pushing buttons at that scale.
It was after decades of stripping money from work into larger pools of capital, thanks to Reagan and Thachter style deregulation; so much money looking for unreasonably high ROI and unencumbered by the need to get consent from the governed or pass inspections from regulators causes trouble where ever it touches.