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Comment by shaneprrlt | Hacker News Reader

"Rising labor costs", what happens in the future when the world is fully developed and these co's run out of developing countries with cheap labor to exploit?

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By exploit, do you mean offering them jobs that pay higher than local average? Or that developing countries have weaker institutions for labor laws?

Not OP, but probably just the dictionary definition of the word "exploit", to use a resource for one's own benefit. If there are business models that cannot function without this particular resource, what will become of them?

They aren't paying "higher than local average" out of the goodness of their hearts. If they were, shareholders wouldn't be too happy.

What happens in the future when the entire world is rich and everyone has a bunch of money? I dunno, but I'd argue that by definition it's nothing particularly bad.

Probably violent protests and war as economic opportunity shrinks to an ever smaller elite class of wealth.

Increased automation and industrialization reducing the need for human labor to make the product.

People get paid more, products cost more, people consume proportionally less and expect their products to last more than six months.

I'm guessing the question is rhetorical but ... robots.

Outsourcing is the step before automation

Prices rise.

Unfortunately, there will always be someone to exploit. Capitalists have a clever way of "evolving" to always be able to capitalize on someone/some group.

At least capitalists can feed people.

Oh, they can...but the market forces that they follow tend not to incentivize the feeding of people unless there is some gain in it for them. /s

Seriously though, I acknowledge and thank you for your opinion, but respectfully disagree.

I believe you mean to say some "grain" in it for them. /badpun

Awesome! :-)

Disagree all you want, but I can walk into any grocery store in America and get a day’s worth of we’ll balanced nutrition for under $3.

Does "full-time employees at companies like Amazon or Walmart often can't afford food and rely on government assistance to eat" count as capitalists feeding people?

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