Raymond Shannon

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Joined 7 months ago
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Cake day: August 12th, 2024

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  • The labor market is indeed regulated by that supply and demand. That is a foregone conclusion. However, that doesn’t guarantee necessarily higher wages and thus higher quality of life, proportionately speaking.

    That itself is a struggle over whether “general profit”, after accounting for wages, is reinvested for the social needs, such as housing, food and water, education.

    Assuming that “general profit” (savings) + wages (needed for laborers’ means of subsistence) = value created.

    And assuming wages are sufficient enough for higher quality of life.

    But put into the equation the landlords, the shareholders, industrialists that dominate our world by virtue of owning the property that shapes it, who want to depress wages, if it means more “general profit”, and direct their savings towards more capital accumulation



  • Raymond Shannon@lemmy.mlOPtoMemes@lemmy.mlYup this is the term of AI
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    28 days ago

    The usage and existence of AI itself is a meme to me.

    Besides, according to textbook definition

    1. an image, video, piece of text, etc., typically humorous in nature, that is copied and spread rapidly by internet users, often with slight variations.
    1. an element of a culture or system of behavior passed from one individual to another by imitation or other nongenetic means.

    🤷