The productivity paradox
Ryan Avent
1K76

I guess this explains why in Australia the “boring” mining companies are leading the automation push. They are displacing truck drivers and train drivers and other “miners” because those people earn 3X the salaries of middle class workers in banks doing routine jobs. They haven’t yet figured out how to displace the guys hauling the ropes on the port tugboats who earn $300K+ and have about 6 months leave each year!!

Like what you read? Give Walter Adamson a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.