Post
Topic
Board Economics
Re: Technological unemployment is (almost) here
by
BadBitcoin (James Sutton)
on 08/12/2013, 17:23:57 UTC
This is your claim. I don't have to have faith in, or believe, in anything, since it's on you to prove that new jobs will not come out, despite them doing so for centuries to date.

Nope, you are living in delusion.

All global statistics support my point of view. Since last 30 years or so ( depending on the country ).

Global
Real wages down
Labor participation rate down
Labor income share in GDP down. ( This was an iron division between labor share and capital share that was stable for centuries until computers arrived )
Amount of people working in private businesses down ( trend of last 10 years ). Many people hired in administration ( hidden unemployment )
More people working part time , less people working full time. ( scewing statistics of true unemployment , in many countries someone working 8 hours a week is not counted as unemployed )
Record low investments into new employees , record high investments into equipment.


All within a world of record productivity.

Sorry , the trends don't lie , they just are.
Free market is a fanatical religion , nothing more , and it makes its followers resistant to knowledge.

There is absolutely no hint that current trends will change and new jobs will come out of woodwork especially when there is a prospect of computerization almost half the occupations in the next 20 years.

This is just impossible.

You are 100% correct, the only jobs that will be generated in the coming years will be in engineering design, and architecture outside of government jobs. A great case study of the world we're rapidly approaching is from the comic book / movie "Dredd" (Judge Dredd and Mega City one). A nation where every basic need is provided for free by a robot underclass, where no one "needs" to work. Same with the sci-fi novel series "The Expanse," where on earth absolutely no one works unless they actively want to, the remaining populace is given a stipend similar to native saudi arabians.

We're getting real close to a limitless resource world once we actually pull our heads out of our collective asses and heavily invest into AI robotics.