Post
Topic
Board Economics
Re: Technological unemployment is (almost) here
by
BadBitcoin (James Sutton)
on 27/03/2014, 21:28:13 UTC
Is the market for your services saturated? You are an engineer, you say? Where are the interplanetary ships? Where are the launch facilities like this:
http://en.wikipedia.org/wiki/Launch_loop
Why are you not working on 3-D Printers or super efficient cars or at least better compound bows? Is there no demand? I'll pay BTC 10 for a 100lbs 400 fps compound bow. Don't tell me nobody else is interested in carbon whiskers!

Tech unemployment means that machines plus a minority of human workers can saturate any conceivable market. This is not the situation we presently find. It is really ridiculous that one has to explain that on a Bitcoin forum: The present problem is the fiat money system. I suggest you read E.G. Griffin's book:
http://www.pdf-archive.com/2011/12/28/creature-from-jekyll-island-by-g-edward-griffin/creature-from-jekyll-island-by-g-edward-griffin.pdf
which pretty much explains the true nature of the FED, why it was introduced in 1913 for who's benefit.

I find it cute that you think that I'm not an innovator and haven't actually designed and developed 3D printing technologies, and attempted to develop 2 failed startups during my undergraduate years; I know first hand what it takes to make a successful start-up, and the first thing (when it comes to actually building something) is money. You need money to make money, even if that's money that you need to physically avoid starvation, and as a person who is on the precipice of living on welfare/homeless shelters, it isn't something that innovation alone can't solve.

I've brainstormed systems that would figuratively strip mine the solar system in a century however where the hell am I going to get the money to develop such a system if I can't even afford to feed myself? Take a breath, think for a second and just realize that I'm not an incompetent ignoramus and this conversation isn't about me, 60% of my graduating class are still unemployed or not employed fields even remotely close to science/engineering, there are hundreds of linkedin groups filled with engineering graduates searching for work; any work at all.

This isn't a matter of running out of ideas, ideas are cheap. This is a matter of literally not having the financial infrastructure for new graduates to even conceive pursuing  developing ideas into successful start-ups without having rich parents keep you afloat while you do the pre-angel work.