• ABCDE@lemmy.world
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    3 months ago

    Looking at the bigger picture… layoffs happen all the time for many reasons. Overall, technology has not increased unemployment.

    • UnderpantsWeevil@lemmy.world
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      3 months ago

      layoffs happen all the time for many reasons

      Layoffs are the result of primitive capital being monopolized through enclosure and the local labor force being corralled into industries that generate more goods than the deflated economy can absorb.

      There’s no layoffs for yeomen farmers and independent craftsman. You only experience the phenomenon when land barons control the property and dictate how many people they wish to employ.