Really think about this for a minute...



dsiomtw said:
Who knows if he's got the timeframe right, but just try to imagine what it will be like - and how much will have to change for the US to remain "civilized" - when this actually happens ...
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global reserve currency status loss in 2015 > robots in 2045.
 
Yes but most honorary wickedfire members should be billionaires by then so we shouldn't have a problem.
 
Before robots plenty of things put people out of work. Indoor plumbing (2000 years ago), cranes, printing press, refrigeration, cars, industrial machinery, etc

This isn't a new trend. But the extension of the issue, the speed of this development and the implication from the writer is a bunch of attention whoring bullshit.
 
OK here's one example. There are approximately 4 million people employed in the fast food industry. 90% of these jobs could easily be automated in 30 years. What else are these people going to do for work?
 
dsiomtw said:
OK here's one example. There are approximately 4 million people employed in the fast food industry. 90% of these jobs could easily be automated in 30 years. What else are these people going to do for work?
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probably vote democrat.
 
dsiomtw said:
OK here's one example. There are approximately 4 million people employed in the fast food industry. 90% of these jobs could easily be automated in 30 years. What else are these people going to do for work?
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Some of them will lower the average price in the sex industry.

Some will do something with their lives.

Thousands of years ago someone in Egypt someone said: "What are they going to do after the pyramids are built, it employs 90% of the cities labor?".

Move on, that's what.
 
That's the point - imagine what would have to happen in this country to support an unemployment rate that's 3 or 4 times higher than it is now. Just think about it ...
 
dsiomtw said:
That's the point - imagine what would have to happen in this country to support an unemployment rate that's 3 or 4 times higher than it is now. Just think about it ...
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discussing A leads to B makes sense; that A leads to B leads to C is dicey; that A leads to B leads to C leads to D is foolish; that A leads to B leads to C leads to D leads to E leads to F leads to G (which is approximately the leap one must take from the advent of robotics to perpetual >25% unemployment) is silly.

assuming the rest of the world stands still like a museum while robotics are implemented in an unprepared society pretty much ignores how the world & technology has evolved.
 
dsiomtw said:
That's the point - imagine what would have to happen in this country to support an unemployment rate that's 3 or 4 times higher than it is now. Just think about it ...
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It's already happening when you factor in labor participation and dropout rate. Record number of people on foodstamp and disability rolls. However, the economy is thriving in terms of S&P 500 profits & earnings, exports, consumer spending, and stock market returns, so it would seem as if the problem isn't as bad as the salt water Keynesians such as Krugman and Reich want to believe it is. The Keynesians insist that long term unemployment poses an economic risk, but there is no actual empirical evidence to support this claim. If if were true it would be reflected in the earnings data, which it isn't.
Having a lot of people on govt. programs is a social problem, but not necessarily an economic one..
 
Having a lot of people on govt. programs is a social problem, but not necessarily an economic one provided there are enough productive people to compensate, and the USA maintains is reserve currency status. The rapidly widening wealth gap ironically helps support these govt. recipients because the wealthy consume and pay taxes at a disproportionaly high level. Taking the integral, the cynical conclusion is that the total consumption of the highest earning individuals & corporations is enough to offset the economic drain of high population of unproductive individuals.
 
dsiomtw said:
That's the point - imagine what would have to happen in this country to support an unemployment rate that's 3 or 4 times higher than it is now. Just think about it ...
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Technology will make it easier to produce things like food and housing, to transport goods, etc.

In a future world, companies like Google, University engineering programs, or whatever else might have robots that constantly build housing and gather food for the "unemployed."

Another thing is that there is no set in stone reason that the common worker has to have a 40 hour work week. 10 hours might be enough in the future to obtain necessities. So a 40 hour future job might be enough to employ 4 people.


[ame=http://www.youtube.com/watch?v=QOwKJRVmoBw]Economics in One Lesson VII: "The Curse of Machinery" - YouTube[/ame]
 
cpauser said:
Having a lot of people on govt. programs is a social problem, but not necessarily an economic one provided there are enough productive people to compensate, and the USA maintains is reserve currency status. The rapidly widening wealth gap ironically helps support these govt. recipients because the wealthy consume and pay taxes at a disproportionaly high level. Taking the integral, the cynical conclusion is that the total consumption of the highest earning individuals & corporations is enough to offset the economic drain of high population of unproductive individuals.
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this has fucking zero to do with the discussion. nobody is this tonedeaf. i'm beginning to believe you're some kind of really annoying bot.
 
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