Yes, and when they replaced the manual slow looms with fast machines, people lost jobs, people went homeless, families were destroyed.
Unless there is a mechanism to convert the extra revenue from machines back to humans, the money just filters to the top 1% of the 1%. Unfortunately, that has effectively never been the case in history. Job displacement is the real late stage capitalism.
Unless there is a mechanism to convert the extra revenue from machines back to humans, the money just filters to the top 1% of the 1%. Unfortunately, that has effectively never been the case in history. Job displacement is the real late stage capitalism.