How about an option of redistribution from payment structures making the top of the pyramid getting the shorter days first to the extent that the bottom gets only trickles?
Say you need 1000 hours of various forms of work and get 1000000 from the rest of the society for it.
Lowest rung of 100 get 10000 from 10 hours.
New technology comes in and you only need 100 hours for 1000000.
Bottom rung gets trickles now the bottom 100 get 10000 from 7 hours.
But that makes the whole lowest tier generate 700 hours to meet a requirement of 100 hours.
Perfectly greedy management might want to deceive that the technolgoy only boosts from 1000 to 700 hours.
But you can also do a “sloppy installment”, use up 1 000 000 hours to install the new technology.
That effort needs to come from somewhere, so the management pays or provides it upfront and correspondigly has less of a margin to pay for strictly operation costs. So say bottom rung of 100 works 2 hours to get 10000.
After 100 periods the installing has been successfully amortised.
But the balance of labour supply and demand means that a deal of 2 hours to get 10000 (and the company not going bankcrupt from others competing with us) is a competetive deal.
So you if you keep the wages the same it doesn’t rock the boat in any direction. Existence of this is what I want to underline.
(if you were only about amortisiation and paying operating costs you would drop the deal to 1 hour for 10000)
After another 200 periods you have generated 3 000 000 hours worth of value by providing 1 000 000.
Bottom rung has also never experienced any sudden drop in standard of living. Progress of technology has made the company 5 times as profitable and workers do 5 times less work. And because the line always needs to go up only things that have a better ratio than 2 hours for 10 000 get implemented.
yeah—this one. those with the most steering get the benefits first, and can take arbitrarily long to make those below them better. it requires those below them in economic power to demand it to some degree, and those above them in economic power to be altruistic and share scraps. (economic power as in anything you can buy with any form of goods, services, or promises trade. I don’t know economics terms of art properly, just a descriptive phrase.)
How about an option of redistribution from payment structures making the top of the pyramid getting the shorter days first to the extent that the bottom gets only trickles?
Say you need 1000 hours of various forms of work and get 1000000 from the rest of the society for it.
Lowest rung of 100 get 10000 from 10 hours.
New technology comes in and you only need 100 hours for 1000000.
Bottom rung gets trickles now the bottom 100 get 10000 from 7 hours.
But that makes the whole lowest tier generate 700 hours to meet a requirement of 100 hours.
Perfectly greedy management might want to deceive that the technolgoy only boosts from 1000 to 700 hours.
But you can also do a “sloppy installment”, use up 1 000 000 hours to install the new technology.
That effort needs to come from somewhere, so the management pays or provides it upfront and correspondigly has less of a margin to pay for strictly operation costs. So say bottom rung of 100 works 2 hours to get 10000.
After 100 periods the installing has been successfully amortised.
But the balance of labour supply and demand means that a deal of 2 hours to get 10000 (and the company not going bankcrupt from others competing with us) is a competetive deal.
So you if you keep the wages the same it doesn’t rock the boat in any direction. Existence of this is what I want to underline.
(if you were only about amortisiation and paying operating costs you would drop the deal to 1 hour for 10000)
After another 200 periods you have generated 3 000 000 hours worth of value by providing 1 000 000.
Bottom rung has also never experienced any sudden drop in standard of living. Progress of technology has made the company 5 times as profitable and workers do 5 times less work. And because the line always needs to go up only things that have a better ratio than 2 hours for 10 000 get implemented.
yeah—this one. those with the most steering get the benefits first, and can take arbitrarily long to make those below them better. it requires those below them in economic power to demand it to some degree, and those above them in economic power to be altruistic and share scraps. (economic power as in anything you can buy with any form of goods, services, or promises trade. I don’t know economics terms of art properly, just a descriptive phrase.)