Post
Topic
Board Economics
Re: Technological unemployment is (almost) here
by
Murwa
on 11/12/2013, 07:54:02 UTC


If one can get away with working only 1-2 hours/day, and relax the rest of the day, why would he riot?  If capitalism and the free market are allowed to work their magic unadulterated by government ineptitude, this would be the end result -- an incredibly high Standard of Living:Work ratio.

Oh another free-market delusion.

Sorry capitalism require to work longer hours !!!

If there is much more supply of labor then demand  ( due to highly advanced technology , no need for unskilled workers etc. )there is always someone that will be willing to work longer hours for the same pay because he is forced to via reality of the system ( no wage = starvation )

And thus the wage collapse happens ( which is exactly what is going for like 30 years or so in developed countries ). More supply of labour then demand due to globalisation and women enetring workforce = lower real wages , longer hours , more unemployment etc and stupid economy aka capitalism collapse

This is how market actually work. It is a cruel world because it is competition based , not some fluffy wonderland