Ray From Cleveland
Diamond Member
- Aug 16, 2015
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And someday gas and coal will be replaced by alternative fuels.There are many factors pushing down labour supply :Maybe but labor is supply and demand. Right now we do have more supply than demand so jobs are not paying all that well. I don't know if we will ever see a day when labor is in short supply given the fact we have an administration letting people cross the border like bees going to the honey.
Here is a dated piece by economist Walter E Williams. I just want to paste some of his research on the subject
1) Immigration
2) Job Offshoring
3) Automation
Eventually manufacturing jobs will experience the same process that happened to agricultural jobs.
Agricultural jobs could even disapear completely.
As automation continues even service jobs are being destroyed. How many accountants were needed 50 years ago to run a corporation ? Today I've seen multi billion corporations handled by ten accountants.
Banning immigration and job offshoring is only a short term solution, in the long run we will have to deal with a world where demand for labour is continually decreasing.
True , a similar situation happened 200 years ago , but 200 years ago there were no robots or computers or drones or the internet . This is a completely different creature .
Machines have been replacing humans for a long time now.
The candle maker was replaced by electricity.
The ice man was replaced by refrigerators.
The phone operators were replaced by computers.
The coal man was replaced by the natural gas furnace.
The ditch differ was replaced by the backhoe.
The horse shoe maker was replaced by the automobile.
Speaking of service jobs, some McDonald's restaurants are experimenting with a nearly all automated restaurant. You push the buttons for what you want, and the machines cook and prepare your food for you.
Maybe, but it probably won't result in job loss.