The Canadian capitalism’s “efficiency”

Let’s have a look at the first one: “provides technological advancement”. Capitalist corporations are driven to introduce newer technology in their production. They do it to outsmart other capitalist corporations by lowering the cost of production. If I one replaces its machinery with doubly productive ones then he can fire half of its workers. He or she saves half of the wages paid to workers while maintaining the same output. If one firm did it, the other needs to do similar steps otherwise it would be out of business soon. This fuels the competition among capitalist firms. So yes, automation, computerization, etc. results in technological advances but at a huge social cost. The fired workers and their families’ lives can be shattered into pieces, for a while they get employment insurance, some can not find similar jobs as before. They get jobs with less pay, less benefits more uncertainty. The human cost is enormous. Capitalism does not care about this. But we can have an alternative to this: what if we don’t fire half of the workers, instead, we reduce their work time by half while maintaining their pay. We get the same number of outputs, market share, profit as before. Introducing new technology could increase substantial leisure time for workers. This would mean relief on real people. But it does not work this way in capitalism.