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Pretty much irrelevant. All the inflated CEO salaries wouldn't really go that far if they were distributed at lower ratios.
The problem is that companies (and C-level, and stockholders) are making more and more money using fewer and fewer workers - and an even more rapidly shrinking number of skilled or high level works. Minwage drones to push the buttons and sweep the floors while costly goods roll out the shipping doors. It's not a sustainable situation, but it's also not reversible and it's pointless to rage at the shrinking few who are making more and more money - their gain is just a consequence of being bigger and bigger frogs in a shrinking pond.
An economic system that addresses this enormous concentration of wealth production is what's needed, one that distributes that wealth to those for whom there is no longer an employment option.
All of this, by the way, can be done just fine under a controlled capitalist economy. Those who want to chant the S word are invited to expand their minds past, well, the past.
And people who need to refine terms to in order to gain headway with their ideas need to me more honest.
If you want socialism, and make no error that's what you are espousing, the burden in on you and like thinkers to make the case in clear and honest terms or you'll never leave the starting blocks.
Anyone who thinks this is an isolated case, in general or with the current crisis accelerating things, really isn't paying attention.
I know you don't really care but the fact is before the CV-19 dislocation US employment was at an all time high. The robots are coming logic has been popular since before The Luddites.
I know you don't really care but the fact is before the CV-19 dislocation US employment was at an all time high. The robots are coming logic has been popular since before The Luddites.
Actually EDS this time is very different than previous waves of technological displacement. Unless millions of low skill jobs are created we are going to have vast swaths of technological unemployment. Most people will never be coders its time to consider a UBI.
Actually EDS this time is very different than previous waves of technological displacement. Unless millions of low skill jobs are created we are going to have vast swaths of technological unemployment. Most people will never be coders its time to consider a UBI.
Nor was "employment at an all time high," despite claims of invisible posters.
Facts vs. chest-beating; chest loses.
Go 'haid... average that curve and trend it... especially against a population increase of over fifty million, some 18%, across the same time frame... and note that this is an employment-percentage chart already.
Oh, and... the last 12 years are across one of the most impressive economic runs in US history. Hard to reconcile the two, all things considered. Unless...
Nor was "employment at an all time high," despite claims of invisible posters.
Facts vs. chest-beating; chest loses.
Go 'haid... average that curve and trend it... especially against a population increase of over fifty million, some 18%, across the same time frame... and note that this is an employment-percentage chart already.
Oh, and... the last 12 years are across one of the most impressive economic runs in US history. Hard to reconcile the two, all things considered. Unless...
You two are way, way over your heads.
Your link shows LFPR (Labor Force Participation Rate)
My claim, and it's a fact, was that gross employment was at an all time high recently....in fact the all time high was in December 2019, seasonal effects saw the number fall in de minimis fashion in January and February.
OK. Don't jump on me here, but it's hard to determine where the "machinery" and "robots" line is drawn. For arguments' sake, let's say we can and have.
I believe that robots should be paid a "wage" consummate to the number of human work it does. From that wage, they should have taxes, social security, medicare, unemployment insurance, etc, taken from their "paycheck".
The thought here, is that it would make corporate financial people see that hiring people or installing robots is more of an even outcome.
OK. Don't jump on me here, but it's hard to determine where the "machinery" and "robots" line is drawn. For arguments' sake, let's say we can and have.
The usual division is between efficiency, robotics and automation.
Neither steel nor coal use "robotics" much but both workforces were crushed by high-efficiency, large-scale machinery. Steel mills turn out more tin than in times past, with 10% of the workforce. Coal - which endlessly clamors about restoring jobs - operates mines with a vanishingly small number of machinery operators and some simple mining robots (just automated diggers and scoops).
Robotics have steadily replaced human workers on assembly lines from electronics to auto to appliances and more. Note, for example, that Tesla built their factories to be highly automated from the start... job creation was modest and will never grow significantly. That's how all these magic industries of the future will do it. They won't start producing millions of Weezical 5000's by hiring tens of thousands of people; they will build a robotic, largely automated facility to do it.
And same for warehousing and shipping, using more and more efficient picking, packing and stacking equipment that has reduced the number of workers to a fraction of prior times.
And automation into AI is going to start eating away at job tiers thought 'automation proof' - the vast pool of intellectual, judgment-based but fairly rote jobs such as accounting, payment processing, customer service, etc.
These jobs are eroding fast, have been since the 1970s, and aren't coming back... from China, Taiwan, Nicaragua or anywhere else. And "new jobs" in those "fabulous new industries no one's ever heard of yet" never will exist in any significant number. And no, the industries that build all this stuff won't replace anything: every system they build and put into place is an end point for them and some additional large body of workers.
This Time Really Is Different.â„¢
Quote:
I believe that robots should be paid a "wage" consummate to the number of human work it does. From that wage, they should have taxes, social security, medicare, unemployment insurance, etc, taken from their "paycheck".
Right track, completely unworkable direction. How do you count "robots" when one multiarmed welder/assembler can do what took ten assembly line humans? How about an AccountantBot 5000, which does all the routine aspects of accounting formerly overseen by 100 juniors, reporting to a reduced workforce of senior accountants?
Right track... but the taxation has to be on wealth production, not the various finely-divided categories we use now. To tax salaries and earnings and profits and items individually is to let far too much fall through the cracks in the automated economy we are bound to. And everything that falls through those cracks just happens to end up in the pockets of a shrinking number of increasingly wealthy individuals... which is already not a sustainable situation.
OK. Don't jump on me here, but it's hard to determine where the "machinery" and "robots" line is drawn. For arguments' sake, let's say we can and have.
I believe that robots should be paid a "wage" consummate to the number of human work it does. From that wage, they should have taxes, social security, medicare, unemployment insurance, etc, taken from their "paycheck".
The thought here, is that it would make corporate financial people see that hiring people or installing robots is more of an even outcome.
That's a long espoused point. The problem is unless an economy either closed it borders tradewise or its trading partners implemented the same program the economy making the changes would be at an impossible pricing/cost disadvantage.
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