danielpalos
Diamond Member
- Jan 24, 2015
- 73,961
- 5,055
this is where simple socialism can bailout capitalism's, laissez-fair laziness regarding a natural rate of unemployment. that is simply unacceptable for the sake of the Nurture of the socialism necessary to promote and provide for the general welfare.Oh, there would be turmoil for a while, no doubt. The same thing happened during the Industrial Revolution, when farming jobs started drying up and factory jobs began.I can see that, but there is a large population who would have to be re-trained, damn near immediately. That's a costly process and won't take for everyone.Not necessarily. The kind of work automation will replace is repetitive and relatively low skilled, especially that is done in one location. Robots excel at that. I think it is more likely that, much like when tractors replaced mules in front of plows, other types of work will spring up. Gone, however, will be ever more low skilled, repetitive manual labor.Technology and productivity are going to put, and keep, huge numbers of Americans out of work.
The curve is only going to get steeper.
We have to start looking at a universal basic salary. The problem is that, so far, our "leaders" don't have the balls to point out the obvious.
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Either way, I hope you're right.
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Heck, it's happening now in IT. When I started, you could get a decent job if you could get a COBOL program to compile. Now a programmer can pick and paste pre-made code modules and create a state of the art application. You have to have a much wider field of knowledge to succeed in IT today because of automation, even though it's not due to robots. I have to continually update my skills to stay current.
Labor should not be subject to the whim of capitalists merely seeking a profit.
we should abolish the capitalism of a natural rate of unemployment; on an at-will basis in our at-will employment States with the socialism of equality and equal protection of the law regarding the concept of employment at will, for unemployment compensation purposes.