General Discussion
In reply to the discussion: My kid's generation doesn't really have a shred of hope, does it? [View all]HughBeaumont
(24,461 posts)For example, carriages led to automobiles, trains and planes. Labor went with it because you needed people to build them. You still needed people to drive combines, cranes and tow motors.
Not so with automation. Production increases, labor decreases until eliminated altogether. Batch jobs don't even require a person to push a button. Automated factories and warehouses are just the beginning. Seen the videos of home construction robots? Restaurant kiosks? How many white collar jobs are at risk? "Robots don't make mistakes, sleep, eat, whine about raises or safety and especially don't need health care". "YEW WANT $15 an hour? HERE'S YER KIOSK REPLACEMENT!! HAW HAW HAW" (that thinking, by the way, is found on DU as WELL as Yahoo and FB. Funny position to take from, you know, one who still has to work for money).
Oh RIGHT, I FORGOT. Robots also don't PURCHASE. Try reasoning with the people who run things, though.
Multiply that by thousands of industries and millions of jobs. Combine that with stagnant to decreasing inflation-adjusted wages attempting to pay for always-increasing necessity costs (e.g. how does a millennial with $25-$50k in debt buy a house? Or a reliable car? Or yet another costly trip to college?). Oh, and throw in a political climate that's still clinging to "earn yer keep" mentality and thinking we just need a lot more "Bush-o-nomics" and a lot less "SOSHULISM".
The math doesn't add up and this is not "just going to work itself out" like it did in the past.
YOU are the one that's wrong.