Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
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Notes -
Having an effect on profits is not the same as solely generating that profit. Let's say you have a small business that generates widgets generating revenue of $300,000 per year, and it has two employees who operate a machine to make the widgets. If either employee or the machine stops working, no widgets get made and the profits go to zero. So each employee and the machine can claim that 100% of the profits depends on its role. But that can't mean that each employee is worth $300,000 a year. If each employee were paid $300,000 a year and the machine were rented at $300,000, the company would be losing $600,000 a year. If the machine costs say $100,000 a year to rent, then each employee can only be paid $100,000 a year. So an employee who can correctly say that $300,000 of revenue depends on their work is only worth $100,000. More complicated processes with more employees would result in starker differences between these two figures.
I'm sure there's some capacitor somewhere in some multi-million dollar machine that would stop it from working if it failed, but that doesn't mean the capacitor could possibly be worth more than a few dollars, because there are many other components like it and if it did cost more than that, the machine could never have been built in the first place.
In the specific case of software engineer layoffs, replaceability isn't the issue. They weren't replaced. Their employers got rid of their positions and expected profits went up, which meant that whatever they were doing wasn't producing enough to pay their salaries. So, their mistake was not just to think they were irreplaceable, nor was it to neglect that other employees and capital were needed for them to their jobs.
They must not have understood that what they were doing was not nearly as valuable as they thought.
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Yup, anyone with a basic knowledge of economics would understand why the average salaries are the average salary for a particular profession.
I wonder how much of it is a complete lack of knowledge or misunderstanding of the labor market versus fully well understanding how they work but then choosing to argue against the premises/reality that created those systems in the first place and wanting to replace it with something else.
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