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The Jobless FutureSecond Edition$
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Stanley Aronowitz and William DiFazio

Print publication date: 2010

Print ISBN-13: 9780816674510

Published to Minnesota Scholarship Online: August 2015

DOI: 10.5749/minnesota/9780816674510.001.0001

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Quantum Measures: Capital Investment and Job Reduction

Quantum Measures: Capital Investment and Job Reduction

Chapter:
(p.298) Chapter 10 Quantum Measures: Capital Investment and Job Reduction
Source:
The Jobless Future
Author(s):

Stanley Aronowitz

William DiFazio

Publisher:
University of Minnesota Press
DOI:10.5749/minnesota/9780816674510.003.0011

This chapter proposes that if the tendency of most investment is labor-saving compared to the part played by machinery in production, then the jobs created will be reduced relative to the unit of invested capital. From the construction of buildings and the production of machinery, the number of workers is reduced by quantum measures in computer-mediated labor. The long-range effect of the introduction of computer-mediated technologies has been to make possible the utopian—and dystopian—dream of the virtually automatic factory in which labor is committed to the role of maintaining and administering a self-reproducing labor process in most decisive sectors, including professions.

Keywords:   machinery, capital investment, quantum measures, computer-mediated labor, computer-mediated technologies, automatic factory, self-reproducing labor process

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