Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It would be an opportunity for anyone who wanted to build American Made guillotines
Gillette is test-marketing one. They don't cost that much, but they really gouge you on the replacement blades. If it catches on they're going to have a Warren Buffet signature model for millionaires and billionaires...
Last edited by C.C; 10-12-2011 at 08:00 AM..
Reason: make even funnier
People tend to overestimate the chances of organized violence happening due to high unemployment. South Africa has an unemployment rate close to 25% and no revolution or significant protests demanding a regime change has materialized. A lot of former Yugoslav states also have rates exceeding 25% yet there has been no significant protests.
There are no major economies with an unemployment rate close to 50% so that is a highly unlikely scenario regardless of how bad the economy gets. In fact, even Afghanistan has an unemployment rate lower than 50%.
Of course, this doesn't mean that no serious social problems will develop. Organized crime and gang warfare would become extremely common while crime as a whole would soar. The poverty rate would also be incredibly high and tax revenues as a whole would keep falling. Average income for even the employed and the wealthy would also fall rapidly.
S
Imo, we American will riot if things get really bad enough, smart people know the issue is outsourcing, dumb people think the problem is other people.
Once nfl get canceled along with other recreational activities people are used to people will riot.
I doubt if there is any way to recreate a prosperous economy without a severe collapse created by the unsupportable debt. The system will if everybody pays off their debt or if everyone defaults. Most likely will be the latter as total world production can no longer pay total world interest let alone principal.
the reason I bring this up is I have been doing alot of reading, and from what I am seeing, there is effort out there (in various stages of success) to replace all jobs dony currently by a human with a job by a robot/AI.
assuming the jobs lost are not coming back (which i think at this point is a safe assumption) that means that all the jobs that would be created during that time period (08-18) would only replace the ones lost during the recession.
We will add millions of new people during that time, and where will they work?
I know a number of people have a fit when you say it, but with permanent high unemployment, what are the options? Socialism or civil war?
Both?
Why would a company ever need a person to do a job again if a computer or robot can do it faster/cheaper/better?
One effect of high unemployment would be increased chance of war. I don't who originated it, but it often has been noted that liberal democracies don't attack each other. For one thing, we're too busy enjoying the fruits of capitalism. It seems a pretty safe bet that Western Europe, Canada, Australia, New Zealand, Japan, and the US will get thru the 2040's without going to war on each other, financial panics notwithstanding. That will be a century of peace among liberal democracies, in spite of mid east conflicts.
But if we were to have long term 25 pct unemployment I think all bets would be off.
Legions of sweatshops around the world housing the vast majority of the 10+ Billion people on the planet on electric generator bikes generating electricity for the few elite who can use it to power their AI machines and electric cars.
Quote:
Originally Posted by crystalblue
the reason I bring this up is I have been doing alot of reading, and from what I am seeing, there is effort out there (in various stages of success) to replace all jobs dony currently by a human with a job by a robot/AI.
assuming the jobs lost are not coming back (which i think at this point is a safe assumption) that means that all the jobs that would be created during that time period (08-18) would only replace the ones lost during the recession.
We will add millions of new people during that time, and where will they work?
I know a number of people have a fit when you say it, but with permanent high unemployment, what are the options? Socialism or civil war?
Both?
Why would a company ever need a person to do a job again if a computer or robot can do it faster/cheaper/better?
Legions of sweatshops around the world housing the vast majority of the 10+ Billion people on the planet on electric generator bikes generating electricity for the few elite who can use it to power their AI machines and electric cars.
would you really want those people to be in that great of shape? they might rebel!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
