So tax windfalls going to corporations will go to automation expansion/upgrades with need for less workers/insurance or trump’s more workers, higher wages? Wonder what Wall Street thinks...
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Most likely the former. If you're interested, I wrote an article on why big tax cuts in the current macroeconomic environment are unlikely to lead to more jobs/higher wages:https://arcdigital.media/the-republican-tax-plans-giant-problem-s-bc668514d824 …
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I’ve read your fine article and have seen the video. I definitely think it’s the former, my attempt at sarcasm was poorly executed.
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I thought you were being sarcastic, but always tough on Twitter.
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You are correct. Odd no one is discussing how to address AI and it’s impact on the workforce. Thanks for sharing. Very important issue.
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Agreed. I don't have an answer for this. But I know it's a problem we need to address.
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It's more important to address than bringing back coal.
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Ya’ think?
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I don't wish to become a protagonist anymore than is necessary because I think this issue needs to be discussed with all view points and especially with people who study the issue. But it would be interesting to see China on this plot.
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That'd be interesting. St. Louis Fed makes US data easily available, but I don't know of a similar source for China. My guess is output rises rapidly and employment rises too, especially 2002-2007, given China's type of manufacturing and comparative advantage. But that's a guess.
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China is a black box. China is rapidly advancing in tech e.g. efficient bullet trains and metros and ubiquitous wechat etc. In TPP space, main US demand was for copyright law which I assume would be to prevent Chinese from appropriating tech funded and developed here.
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This is something I vehemently disagreed with for years - and now have to backtrack and admit that it's right. Automation's the blue-collar-job-crushing titan. And there is absolutely no way back
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You're right, there's no way back. And the problem's going to get worse with self-driving vehicles. Something in the range of 5 million Americans have the job of driver (trucks, taxi/rideshare, delivery, etc.) But to address the jobs issue, we need to correctly identify the cause
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(over-simplistically) - the only way out is to educate American workers for the next generation(s) of labor. But I don't see where the money's going to come from & of course with orange-crush in office, the above wouldn't even rise to the level of a sarcastic joke
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Millions of the perfectly educated struggle to find jobs in their field. Employers that require education often refuse to hire new grads but claim lack of available workers & call those who have languished too long outside the field undesirable.
Imbecile makes EVERYTHING worse -
Not disagreeing with you - that the 1% have broken the backs of the working class. And made work a misery - (I regularly do 60-70 hour weeks ... no OT ... just to keep my job). But the effect of automation is worse than we realize on manufacturing.
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Not disagreeing... just expanding... It looked like an interesting spot to spout off. Manufacturing has been nearly destroyed. We see automation. The 1% Claim that they "can't compete" & maintain employees in US. But they're Billionaires because they've CHOSEN to do this to us.
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Agree with you - esp. about billionaires & their lies. I'm seeing a future like 13th Century England - with landed nobles (billionaires) and serfs/servants - 99%
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Feudalism follows Fascism.
is the frontman for a soulless international cabal that plans to take everything & push the masses back into the Stone Age.
A simple reading of their published goals, a few days watching what they are openly doing.
It's not just conspiracy theorypic.twitter.com/NvoFF20QrB
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Of course it is! Precisely why we need a more educated work force to fill the new/next jobs: science, technologies, environmental,etc & making education affordable is one way to do it.
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I worry if there are enough science tech enviro and other services jobs like you mention to absorb the volume of labor
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Me too actually! Low paying service jobs aren’t going to cut it! Another thing: workforce is shrinking as my generation grows older & fewer to replace us. Whole other concern there: fewer workers, fewer payroll taxes
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