- Moderator
- #1
As our technology advances, there will be fewer and fewer jobs. Those who oppose increases in Minimum Wage have continually pointed out that the unskilled laborers can be replaced by a machine. But technology can replace far more than unskilled laborers.
While many people, and politicians harp on and on about manufacturing jobs going overseas, they ignor the facts.
from: Subscribe to read
"The US did indeed lose about 5.6m manufacturing jobs between 2000 and 2010. But according to a study by the Center for Business and Economic Research at Ball State University, 85 per cent of these jobs losses are actually attributable to technological change — largely automation — rather than international trade"
Our population is certain not going to stop growing. So we will have more people and fewer jobs.
I am certainly not a fan of socialism. But the idea that large numbers of the population will be allowed to starve because they have no way to earn a living will not work. At some point, even a well educated person will have not available positions for earning a wage.
The question is not 'if' but 'when'.
While many people, and politicians harp on and on about manufacturing jobs going overseas, they ignor the facts.
from: Subscribe to read
"The US did indeed lose about 5.6m manufacturing jobs between 2000 and 2010. But according to a study by the Center for Business and Economic Research at Ball State University, 85 per cent of these jobs losses are actually attributable to technological change — largely automation — rather than international trade"
Our population is certain not going to stop growing. So we will have more people and fewer jobs.
I am certainly not a fan of socialism. But the idea that large numbers of the population will be allowed to starve because they have no way to earn a living will not work. At some point, even a well educated person will have not available positions for earning a wage.
The question is not 'if' but 'when'.