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.
I love the Milton Friedman quip regarding tech progress and jobs:
"....At one of our dinners, Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: “You don’t understand. This is a jobs program.” To which Milton replied: “Oh, I thought you were trying to build a canal. If it’s jobs you want, then you should give these workers spoons, not shovels.....”
I support UBI if it completely replaces the current means tested welfare redistribution schemes we have in place now.
This is one topic that I may actually agree with Bill De Blasio
Well, ignorant people tend to do that.
Automation creates jobs.
Yes, a robot welder displaces a human worker, but it also creates 1.3 jobs. That means if you replace three workers with robots, you've created 4 jobs and are +1 in job creation.
Yes, a kiosk at McDonald's will displace one worker, but it also creates 1.2 jobs, so replacing 5 workers with kiosks creates 6 jobs, so you're +1 job in job creation.
In the legal field, only 20% of Americans have access to legal services, whether that's for civil actions, criminal defense, family and estate planning or other legal services.
Automation will lower the cost of legal services, increasing access from 20% of Americans to 40% and possibly as high as 60% later on.
Increased access means increased Demand which increases the number of workers needed in the legal field.
People who don't understand automation generally panic, because, well, they don't understand it.
I see Right-wingers can't even understand simple economics anymore either...
The ONLY thing they belive (sic) in is corporate profits.
What a soulless life!
We could all just service, repair or make robots????
What are you smoking... seriously?
That will be the second or third job, robots will do themselves!
I see that left-wingers can't even understand simple economics anymore..... even if they have an economics degree (like AOC). Simple economics determines that profits are the focus of businesses.
A business corporation is NOT in chartered to create jobs, it is designed to make profits for its owners. A business would not be in business long if they did not make profits. A corporation that is focused on creating jobs will not be profitable if labor can't make more profit than they cost. Automation may make some jobs unprofitable. I know even Left wingers would not continue to own a company if it only lost money. They must be soulless also.
According to many studies, automation could result in job growth or loss, depending on the data used - here are the results of many of the studies in one chart from study published by MIT - https://www.technologyreview.com/s/6...-in-one-chart/
Quote:
As you can see, no one agrees. Predictions range from optimistic to devastating, differing by tens of millions of jobs even when comparing similar time frames. We also found numerous predictions focused on losses in one industry, and many that were the result of a single technology, like autonomous vehicles.
I could have just referenced one of those studies that show growth but right now no-one knows. Bottom line - Automation DOES NOT necessarily mean job loss is the only result.
If you look at ATM installations vs Bank Tellers, ATMs started being used in the 70's and the number of tellers employed since then has steadily increased, there are now more than double the number of tellers that were employed BEFORE automation of the job was used.
These robots could result in the same thing, where automation creates jobs. This proposal is inserting itself to resolve an issue that may not exist and is very anti-free market. Also, right now, businesses are having a hard time finding workers, this could help that situation.
This is a bad Policy at its worst, attempt to use fear mongering to buy votes.
Hell no! Leftist pols and their constituents need to feel the pain of leftist policies.
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.
