50 Is the New 65: Older Americans Are Getting Booted from Their Jobs -- and Denied New Opportunities

[snot]

68. This is the common analysis; but it leaves out one HUGE consideration.

Granted, yes, a lot of jobs have been obsolesced because they've been replaced or streamlined by technologies that yield the same or greater productivity while using less human labor.

But THERE IS NO GOOD REASON WHY ALL OF THE WEALTH BEING CREATED HAS TO GO TO THE 1%.

If humanity as a whole has become vastly more efficient and productive while using less labor, why shouldn't it be possible for ALL humans to share in some of the wealth created? For all of us to work some, but a lot less than the 50, 60, 70+ hours now demanded merely to hang onto a job; and for all of us still to enjoy a higher standard of living?

The funnelling of so much of the wealth to the 1% is happening for a lot of reasons, and fixing it would not be a simple process. But it is NOT impossible.

I find it very frustrating that this basic fact is almost universally ignored.

E.g., the problem is NOT so much job off-shoring; the problem is that humans around the world are creating more wealth than ever before in the history of the planet, but we're allowing the 1% to pit us 99%-er's against one another, instead of against the 1%.