sanitation@lemmy.today to Technology@lemmy.worldEnglish · 11 hours agoNvidia’s CEO Jensen Huang says electricians and plumbers will be needed by the hundreds of thousands in the new working worldfortune.comexternal-linkmessage-square41fedilinkarrow-up1119arrow-down111cross-posted to: technology@lemmit.online
arrow-up1108arrow-down1external-linkNvidia’s CEO Jensen Huang says electricians and plumbers will be needed by the hundreds of thousands in the new working worldfortune.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 11 hours agomessage-square41fedilinkcross-posted to: technology@lemmit.online
minus-squareRiskable@programming.devlinkfedilinkEnglisharrow-up1·7 hours agoWhile I sort of agree with you that that is his angle, service jobs that aren’t easily automatable will continue to climb in the “job stability and pay rate” category until the world figures out how to deal with Baumol’s Cost Disease: https://en.wikipedia.org/wiki/Baumol_effect
minus-squaresp3ctr4l@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·7 hours agoWhat do you mean ‘deal with Baulmol’s cost disease’? You mean general, broad inflation, right? You’re worried that non-automatable low wages jobs will continue to be non-automatable low wage jobs, but slightly less low wage? You’re worried that jobs tend to need to be done by people who can afford to be alive?
While I sort of agree with you that that is his angle, service jobs that aren’t easily automatable will continue to climb in the “job stability and pay rate” category until the world figures out how to deal with Baumol’s Cost Disease:
https://en.wikipedia.org/wiki/Baumol_effect
What do you mean ‘deal with Baulmol’s cost disease’?
You mean general, broad inflation, right?
You’re worried that non-automatable low wages jobs will continue to be non-automatable low wage jobs, but slightly less low wage?
You’re worried that jobs tend to need to be done by people who can afford to be alive?