iamwhatiseem
Diamond Member
In a recent episode of Anthony Bourdain's travel show, he was in China.
And it was interesting that one of his guest was one of China's top economist.
And his answer to Anthony's question - What is the greatest challenge facing America and China? - His answer surprised me..."what to do with the people who are no longer needed to contribute to the economy"...he went on to say that through technology, out sourcing, robotocs and mergers - it is a simple and increasing fact that the economy needs less people to produce and serve what the population needs and wants are. So what do we do with the increasing number of people who are not needed?
This is a fascinating topic.
Do we lower the retirement age, therefore providing more jobs to developing families?
Provide "payment" to one adult family member for staying home?
Screw them?
This isn't a future problem, in China it is a HUGE problem...and as sure as you are reading this. it will be a HUGE problem in America certainly in the next decade.
Less people are needed to service the economic wants/needs of the public. It is an indelible fact, that is getting worse.
So what is the answer?
And it was interesting that one of his guest was one of China's top economist.
And his answer to Anthony's question - What is the greatest challenge facing America and China? - His answer surprised me..."what to do with the people who are no longer needed to contribute to the economy"...he went on to say that through technology, out sourcing, robotocs and mergers - it is a simple and increasing fact that the economy needs less people to produce and serve what the population needs and wants are. So what do we do with the increasing number of people who are not needed?
This is a fascinating topic.
Do we lower the retirement age, therefore providing more jobs to developing families?
Provide "payment" to one adult family member for staying home?
Screw them?
This isn't a future problem, in China it is a HUGE problem...and as sure as you are reading this. it will be a HUGE problem in America certainly in the next decade.
Less people are needed to service the economic wants/needs of the public. It is an indelible fact, that is getting worse.
So what is the answer?