WinterBorn
Diamond Member
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'.