TEACHERS DISCUSSION FORUM
Return to Index › Job destruction: The great dislocation! What you studied about capital and work will soon need an upgrade
#1 Parent BeenThere - 2017-04-03
Re: Re Job destruction: The great dislocation! What you studied about capital and work will soon need an upgrade

Good post!

#2 Parent FTinPRC - 2017-04-03
Re Job destruction: The great dislocation! What you studied about capital and work will soon need an upgrade

In a country built on self-reliance, the Protestant work ethic and meritocracy,

The United States is a country built on the seizure of native people's property, slave labor, the victimization of generations of underclass immigrants, and a relentless consolidation of wealth by a small cohort of elites.

Robotics are just one more step in this process.

U.S. society is plagued by crumbling infrastructure, dismal hospitals, dungeons for schools and legions of slums. Robotics will solve none of these problems. There is endless work to be done rebuilding U.S. society and there are tens of thousands of people hungry for work.
Washington Consensus capitalism DOES NOT deliver this work to the people.
Robotics is just another distraction to keep the unemployed from ransacking and burning Greenwich Connecticut and other hedge fund snakepits.

#3 Parent Alias Taffy - 2017-04-01
Re Job destruction: The great dislocation! What you studied about capital and work will soon need an upgrade

Taffy you won't be around to reassure your daughter that everything will be OK during the great dislocation, but you can do something for her right now: Make sure she chooses an occupation that will still be around when she is old enough to start working.

That was interesting, Curious, but what did it have to do with the price of fish? I mean I haven't broached or commented on such a subject. Thanks anyway.

I will put the fear of Christ up poor Esther tomorrow. I will rant and rave until she chooses such an elusive occupation.

Curious - 2017-04-01
Job destruction: The great dislocation! What you studied about capital and work will soon need an upgrade

Taffy you won't be around to reassure your daughter that everything will be OK during the great dislocation, but you can do something for her right now: Make sure she chooses an occupation that will still be around when she is old enough to start working.

Well, the good old days are gone, and a story on the Futurism website demonstrates why: Changying Precision Technology Co.’s cellphone factory in China recently replaced 90% of its workers with machines and saw productivity increase by 250% while the number of product defects fell by 80%. This is great news for the company, not so great news for the now-unemployed workers.


Because free-market capitalism moves relentlessly toward innovation and efficiency, this is a phenomenon that will be repeated in small steps and big leaps in every industrialized society.


And he quotes perhaps the brainiest guy in the world, scientist Stephen Hawking, as saying the “rise of artificial intelligence is likely to extend job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining.”


There is something bigger than retraining and education to be considered, though. On some not-too-distant day, it will become clear that our civilization has become so reliant on highly efficient, wondrously intelligent machinery that we simply do not need that many people to work in traditional jobs. There will be plenty of wealth to go around, but not that much work. Unless we want millions to starve or go homeless or riot in the streets, our society will need to guarantee a minimum income for everyone by letting all citizens share in the vast wealth created by robot labor.

I can't copy the whole article unfortunately, but here are 2 points in the conclusion that most of us will have to address in the next 10 years maybe, and that our children definitely will have to address (they apply to Europe as well as to America):

• In a country built on self-reliance, the Protestant work ethic and meritocracy, can we adjust to a very different idea about how we spend our lives?

• Can the antigovernment philosophy that infuses and informs much of American politics ever accept the redistributive mechanisms that would be necessary to provide a minimum income to all?

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