> When the tree of costs that make up a product are traced, surely all the leaf nodes are human labour?
What about energy, real estate and taxes?
Even at the extreme end of automation, if you want iron ore, you need to buy a mine from somebody, pay taxes on it, and power the machines to extract the minerals and transport them elsewhere for processing.
What about energy, real estate and taxes?
Even at the extreme end of automation, if you want iron ore, you need to buy a mine from somebody, pay taxes on it, and power the machines to extract the minerals and transport them elsewhere for processing.