Wiseacre
Retired USAF Chief
Labor day - wanna talk about how the future of employment is looking? I don't think the old ways are going to work, we're going to have to adjust. That means changes to our education and training systems, revamping our tax code, and taking another look at all regulations to make sure they are cost effective.
The trend is pretty clear - technological advances are leading to fewer and fewer jobs, especially high paying ones. And I see no reason to assume that trend will not continue, we are looking at a future with a preponderance of minimum wage jobs, or nearly so. I think we need to be working on ways to improve upward mobility, increase competition to keep prices down, and find ways to keep the standard of living rising. I know the liberals hate supply side economics, but it looks to me like the only way those things are going to occur is if costs and prices are kept as low as possible. They also love the concept of living wages, but going that route leads to higher costs and prices and a lower standard of living and the greater likelihood of inflation. And also fewer jobs, at least here in the US.
The trend is pretty clear - technological advances are leading to fewer and fewer jobs, especially high paying ones. And I see no reason to assume that trend will not continue, we are looking at a future with a preponderance of minimum wage jobs, or nearly so. I think we need to be working on ways to improve upward mobility, increase competition to keep prices down, and find ways to keep the standard of living rising. I know the liberals hate supply side economics, but it looks to me like the only way those things are going to occur is if costs and prices are kept as low as possible. They also love the concept of living wages, but going that route leads to higher costs and prices and a lower standard of living and the greater likelihood of inflation. And also fewer jobs, at least here in the US.