NAFTA Was Bill Clintons Biggest Historic Blunder. Festering Resentment Sunk Hillary In The End.

[lapfog_1]

108. Tell me what we all adapt to and I'll do it.

The fundamental problem that all the free trade agreements had and will have is that there was a thought process that somehow we could outsource all of the "icky" jobs (manufacturing) that pollute to nations that had cheaper labor and didn't care so much about clean air and water... and that we would all become "information workers".

The only problem was... it was actually EASIER to outsource the information jobs ( India has more honors students, all of whom speak English, than we have students ) with the advent of high speed internet.

You can now be almost anywhere on the planet and write software or phone apps or answer tech support questions.

So much for the information economy with $100K+ jobs.

As for manufacturing, the next age will be driven by robotics.

As for decision making (so-called executive jobs).. AI is about to take over that too.

That doesn't leave much... Doctors (at least for now), lawyers, some teachers, sales clerks, burger flippers, farmers (although I've seen some visions of the future that completely automate farming).

There isn't much left. Welcome to the gig economy... minimum wage UBER drivers and so on.

The real problem is that the wealthy want ALL the money... but their greed makes them short-sighted as the economy isn't driven by capital or by labor... but by demand. And demand for goods is going to decrease rapidly as downward mobility increases. Eventually, demand will dry up and even the rich will wonder what happened to their wealth ( which, conversely, will make them greedier to take even a larger share of the shrinking pie... a phenomenon that I believe was the root cause of the recent tax bill ) .

I don't see a solution....