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khamelean t1_j6ciqxm wrote

No, increasing supply does not reduce demand.

I didn’t say infinite, I said almost infinite. Historically speaking the demand for new technology has only increased as new technologies become available. Obviously that can go on forever, but we are definitely several thousand years away from meeting demand.

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BigZaddyZ3 t1_j6cj7hs wrote

If one person suddenly becomes capable of doing the same amount of work as 10 people, then it becomes only logical to only pay the one person to do the 10 jobs. Instead of paying 10 people to do one job. (Which would be way more expensive.) If one person’s capabilities increase, it does reduce the need (aka demand) for other employees. That’s just basic economics.

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Memfy t1_j6cv352 wrote

For that specific position, yes. The world is in overall shortage of supply for such workers, and the overall demand is just increasing each year. So even if you replace 10 people with 1 person, those 10 people might still have other projects they could be working on unless you can mass produce the 10x worker and cover all the areas of expertise you need with such workers.

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