Technical innovation increases the productivity of labor in industry. If production shouldn’t be wasteful, there needs to be a reduction in workers. Where do all these workers go if there’s no unemployment? In a capitalist economy the workers are left to die on the streets but in a socialist economy they need to get a job again, right? Does the state take the burden of cost of reeducating these workers to enter another field and factor this into calculations when introducing new technology?

  • Catradora-Stalinism☭
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    1 year ago

    uh well more people with education and free time, with subsidies of science = lotsa innovation

    a highly simplified version but yeah