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technology gets cheaper over time because of inflation.

explaining in brass tacks:

- technology gets cheaper as time goes on because of inflation, such that:

- in order for a publicly traded company to maintain "we're in business!" it has to continually cut costs, while attempting to add either value or perceived value in its products.

- the problem here is of course, the technology didn't actually get less expensive, it just got cheaper in the quality of the product, due to having to remain competitive with inflation. concurrently, the product also remains about the same cost, but the dollar has had much more printed, so ultimately the cost of acquiring a said thing, goes up as there is more money around making it less valuable.

-scarcity in money does not create abundance. it creates people starving.

2Pac 2y ago

No, things get cheaper to produce because technology improves labour and efficiency. Ie farming a 1000 acres by tools manpower alone, is slower and more costly and provides less yield that farming 1000 acres with machines.

Information technology makes things cheaper for example the music industry used to have to produce, ship and sell vinyl or cds etc now it is done over streaming. Now you can listen to unlimited music for $10 a month vs a CD, 20 yrs ago cost $15-20 ish dollars.

So technology makes things cheaper in spite of monetary inflation driving prices up.

People starve because of hyperinflation by their corrupt leaders which is a direct result of inflating the money supply. Many many examples of this around the world, Zimbabwe, Peru, Chile etc etc which undermines people’s ability to save and pay for food and services as they could double in price over night.

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Discussion

ringo 2y ago

technology improving labor peaked in the electro-mechanical age.

after that, it was about the boss cutting employees and total man power hours, gradually over time to meet profit margins for the company. nothing more .

- farming with no till methods and traditional means is actually more effective (higher nutritive value, better results,) than monocropping and typical petro-chemical agri-business. There is a decade or so of research and reading backing up this claim. Eating poisoned, fastly produced food is a long lasting error.

information technology makes the overall process more efficient, but guess what? the musicians dont see any of that money. it's not much better with streaming.

Example from the CD era.

when TLC went multi platinum with their album that had waterfalls on it, they only saw 16 cents per album sold. Between the group of them, each one made about 66,000$ on that album. Which is horrific, considering as you said cd's used to cost between 16-22+- USD.

as far as streaming goes, royalty contracts aren't a lot better there, and most artists have turned to either direct sales, or things like bandcamp, which aren't great but an option certainly for those that don't have a tech inclined friend.

as far as hyperinflation goes, that's a complicated topic and if govt wasn't corrupt shitheels it wouldn't even need be discussed.

2Pac 2y ago

Bosses cutting labour to improve profits is a separate issue.

My statement is true technology makes things cheaper. I could give tons of examples of technology making things cheaper. Recent technology such as drones, in films they used to use helicopters for arial shots, now you use a drone for a fraction of the cost, also for arial survey, etc.

2Pac 2y ago

I said make it cheaper not “better for artists” the reason it hasn’t been good for artist is more because of the highly restrictive record label contracts where artists don’t even own the rights to their own music. Once artists can stream directly to their audience without the need for a flat form like Spotify then they can retain their rights and not get raked over the coals by record labels.

2Pac 2y ago

Hyperinflation is not that complicated it is a direct result of money printing. So having a fixed supply that no corrupt leader can change fixes that issue.

Mike Hall ⚡️ 2y ago

Seems straight forward enough…