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Automation ought to make it easier for more new entrants into the field. Whole point of each automated labor units is cheaper than human labor units, while doing more work.
This should be an advantage to the little guys including the guys that go laid off due to automation. From the time they have been there, they should have picked up some knowledge about the industry especially how much demand there is for it and who is demanding. They are doing the grunt work. The more work they do, the more demand there is for the services/products of company they work for. And that fact is most important of all.
All they need to do is get a loan or find some investors. Heck they can even pool their resources together.
Automation ought to make it easier for more new entrants into the field. Whole point of each automated labor units is cheaper than human labor units, while doing more work.
This should be an advantage to the little guys including the guys that go laid off due to automation. From the time they have been there, they should have picked up some knowledge about the industry especially how much demand there is for it and who is demanding. They are doing the grunt work. The more work they do, the more demand there is for the services/products of company they work for. And that fact is most important of all.
All they need to do is get a loan or find some investors. Heck they can even pool their resources together.
Maybe, but so far industries that use computing intensively have tended to end up being natural monopolies.
Someone once said soon half of the world will be playing electronic games and the other half will be working to automate more .
But there will be workers who service these machines unless they come up with ways for machinese to service machines,same with customer service.
Bottom line is that the world is changing faster than we can keep up with it and it's one reason you see so many angry people out there. Jobs are simply vanishing and they aren't coming back. And the numbers of jobs that are created as a result of technology are far less than the jobs that have been eliminated. We actually may need to look at some sort of UBI - Universal Basic Income - in this country because otherwise the wealth gap is only going to get even greater between the haves and the have nots.
Socialism only succeeds in countries where all are of the same race, and most trust the government; such as Norway.
Here in the U.S., UBI will create more division; and a lot of resentment.
Akin to my neighbor collecting disability due a "vision problem", as he just can't see himself working.
People need to be productive, or their self-esteem goes down the toilet.
Maybe, but so far industries that use computing intensively have tended to end up being natural monopolies.
I believe that has more to do with financing and political machinations than tech. Plus a lot of these natural monopolies happened before and after the modern tech boom.
Like for example the energy industry. The Super Majors were around even before the cold war. But I guess you can say they always used the more advanced tech of the era though. Overtime, each one just merged with each other to appease shareholders.
Big Box retailers like Home Depot, Walmart took over the scene before self checking kiosks. The big chain hotels, and restaurants are the same.
I actually cant think of any job/tasks that tech directly replaced human. Computers replaced typewriters, and filing cabinets not people. You still need people to operate said computers. Maybe cameras eliminated the need to have many many security guards, except only handful of people or companies can afford that many guards to begin with. Electric/gas powered vehicles/motors replaced horses/draught animals. Jackhammers replaced picks/hammers, but people use the simple tools if precision is needed.
I actually cant think of any job/tasks that tech directly replaced human.
The ATM, which is very good at providing very basic banking services to customers. The current bank teller’s job involves far more complex tasks and customer service expertise than in earlier times when the majority of their customers just needed $20 or $50 in cash from their checking accounts
I still remember my father goes to the bank and give my mother whole month of household allowance,there is no ATM .
You keep enough cash around for the whole month and spend accordingly,they also get paid once a month in cash
The ATM, which is very good at providing very basic banking services to customers. The current bank teller’s job involves far more complex tasks and customer service expertise than in earlier times when the majority of their customers just needed $20 or $50 in cash from their checking accounts
Yet now you need people to maintain said ATMs, and take out and put in cash, and the paper for receipts. I am skeptical on exactly how big a part the banks played in the live of ordinary people. Prior to Cold war, there no electronic money. It was all hard currency. If you dont want the govt to tax it, best to keep it a secret which means you cant deposit in bank.
I am willing to bet banks trips were mostly done by the wealthy for most of the time banks existed. They needed more secure places to keep their hard currency. I am going to therefore conclude that the period where retail banks had many stalls of tellers was very brief. This brief period starting only when banking became a thing for the masses to need/want. Which means that the era in which a branch had a lot of tellers is also very brief.
I am skeptical on exactly how big a part the banks played in the live of ordinary people. Prior to Cold war, there no electronic money. It was all hard currency. If you dont want the govt to tax it, best to keep it a secret which means you cant deposit in bank.
But bank mortgages and loans for homes and farms & farm equipment go back well into the 19th century and those farmers who got cash for their crops or factory workers who got a cash paycheck would then have their wife go down to the bank the next business day and make their next installment loan payment.
Last edited by beachmouse; 10-27-2020 at 05:40 PM..
But bank mortgages and loans for homes and farms & farm equipment go back well into the 19th century and those farmers who got cash for their crops or factory workers who got a cash paycheck would then have their wife go down to the bank the next business day and make their next installment loan payment.
Do you have a source I can read on that? I have my doubts. Our current system of finance not in place until 1913 when FED created. Prior, our population was pretty small compared to today, and there was a lot of available land. Suburbs did not really exist yet.
I remember reading about time when people did not use financing for cars, houses, nor health (insurance is essentially financing going in the other direction). It must have been hard to service the loan anyways. There was no credit, no ways of tracking individuals effectively like now. If I was banker, I not trust just any commoner. They can get my loan, and just run away.
Plus during the time when a good percentage of our population lived and worked on farms, or ranches, didnt most of the land just get passed down from generation to generation? It likely not fiscally sound to buy a farm or ranch unless you were already wealthy, and looking to expand an already existing operation. If the price of farmland, is approaching a value more than what is grown on it, will be harder and harder to make profit. So any small one plot operation will probably not cut it.
Last edited by NJ Brazen_3133; 10-28-2020 at 01:26 PM..
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