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So when this comes true in a 100 percent factory driven by robots, what going to happen to the people who need to work? ( not everybody cut out to work in the tech industry) Business need people not machines?
If you have not figured it out, now is better than never. Low skilled jobs have been vanishing. The declines have been especially rapid in agriculture, ranching, manufacturing and retailing. There is an excess of people without college or any important skills, training or experience. Higher skilled jobs are in demand and for a great many occupations predicted manpower needs will greatly out pace people who have the necessary skills. Get and education or get skills that are in demand!!! You don't have to work in one of the STEM fields. There are lots and lots of opportunities now and projected for the future.
Someday, modern man will rediscover that money isn't prosperity, nor does prosperity rely upon money.
Those who control the volume and value of money are loathe to give up their power over us, but that day is coming fast.
Someday, modern man will rediscover that money isn't prosperity, nor does prosperity rely upon money.
......
Prosperous: "successful in material terms; flourishing financially". That sure sounds like it has to do with money. Perhaps you meant to say something else.
We put regulations on how much automation is allowed. At least that what I'd do if I were Supreme Ruler Of All Things because I understand humans need a purpose and a challenge and something to do with their minds and bodies. It would pretty much be my goal to make sure we didn't automate ourselves out of existence. And it should be the goal of whoever is running the show.
I have observed how computers were designed to improve workflow and reduce the number of people for a job. However, have you noticed that new problems are generated with computers? Then we end up with a new class of professionals to solve the new computer problems.
It is not likely that 100 percent replacement will occur in very many factories.
I like to imagine the possibilities for a new job or small business in "retirement".
What Marx wrote has been there all along, for all the world to see.
"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, ( and the State will have to take the road which will eventually lead to communism)"
-Karl Marx, Das Kapital, 1867
Marx had plenty of contemporary warning:
-Rothschild Brothers' of London communiqué to associates in New York June 25, 1863
"The few who understand the system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages...will bear its burden without complaint, and perhaps without suspecting that the system is inimical to their best interests."
Another half century later, even the US president would be dismayed:
"I am a most unhappy man. I have unwillingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilied world, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
-" - Woodrow Wilson regarding the Federal Reserve Act.
We have had a few centuries of industrial revolution. In the past few decades, we have encountered globalization, automation, computerization, robotics. The pace of change has outdone anything in the past by orders of magnitude. With all that unemployment is virtually zero.
Sadly there are always some people who manage to lose. They refuse to pick up and move from the backwaters that have been left behind. They refuse to learn the skills needed in the new jobs. Instead of adapting, they look to the past and complain that they cannot get one of the old jobs. They look to the future and only see more change that frightens them. Sad.
So when this comes true in a 100 percent factory driven by robots, what going to happen to the people who need to work? ( not everybody cut out to work in the tech industry) Business need people not machines?
Where, prey tell. Most political economies have drifted toward Social Democracy (with happy workers and a happy middler class) or Monopoly Capitalism (lacking any middle class to follow the first step of Marxist transition - a revolt against the middle class). Even the Soviet Union found it impossible to duplicate their own Marxist Revolution for very long, except for Cuba).
Where does the US sit? Somewhere in between Social Democracy and Monopoly Capitalism, I think.
those that don't invest in themselves shouldn't expect others to invest in them either.
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