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As these things have become more technologically sophisticated over the decades, I've needed more frequent and longer visits with more failures than ever before
by clarkevans 3y ago
As these things have become more technologically sophisticated over the decades, I've needed more frequent and longer visits with more failures than ever before. I'm not sure why that trend would be changing.
- ke88y 3y agoBut we're talking about the labor market around the widget, not the TCO of the widget. Automotive is a prime example: the added complexity increases lifetime maintenance costs, but at the same time the labor share of captured value has declined substantially. I think this is currently the cardinal mistake people make when they that reason about the impact of automation. Labor doesn't get completely automated and replaced. Instead, one of two other things happen: 1. It gets de-skilled and commodified (GPS+Maps+smartphone -> complete deskilling of taxi driving). 2. Or it gets cut out from the profits (software in cars -> dealerships and "certified" mechanics capture more maintenance labor -> central entities get to extract more value. See also app stores.)