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Status:
"It Can't Rain All The Time"
(set 27 days ago)
Location: North Pacific
15,754 posts, read 7,591,221 times
Reputation: 2576
Quote:
Originally Posted by atltechdude
Trump had already been a well known celebrity for decades.
Yes and he assumes a lot. People are interested in having the issues addressed, they could care less about the impeachment or Russia, which is the only content Trump has in his speeches ... what is he going to do to solve problems? That's the 64 thousand dollar question.
Automation will naturally slow from smaller business structures. If start-ups don't have growth potential, they won't receive an influx of capital.
Change our property laws and finance laws so that people can hold less capital and have to pool together resources for larger projects.
This will lead to a smaller less efficient economy but happier people with a better social life. Sure the Chinese will surpass us but who cares? I don't.
And trade will be fine, since we no longer have corporate monopoly our external supply chains would be negotiating with foriegn producers, not investors off-shoring jobs to an office on foriegn soil they bought/rented.
If China eats our lunch in efficiency then it is going to get even worse for the low end American workers since in the aggregate, fewer goods and services would be demanded of the US economy in the global marketplace.
Status:
"It Can't Rain All The Time"
(set 27 days ago)
Location: North Pacific
15,754 posts, read 7,591,221 times
Reputation: 2576
Quote:
Originally Posted by atltechdude
If China eats our lunch in efficiency then it is going to get even worse for the low end American workers since in the aggregate, fewer goods and services would be demanded of the US economy in the global marketplace.
And what does or any of the other candidates, including Trump have to say about this situation?
You cannot believe how much money is going to be made replacing people with machines in the next 50 years.
I'm on the forefront of this. I'm quitting my 200k corporate software job soon and becoming an entrepreneur because I can easily make more money than this building virtual businesses.
The dam has broken and a protectionist approach won't protect the low skilled American worker.
This.
Its always those without the expertise who are often the naysayers, If automation was some baseless conspiracy i could understand people's skepticism but when its been confirmed by economist and the GAO itself? Not to mention everywhere we go Self-Checkout, App-Pay, Robot Scanners, Autonomous vehicles etc. have been implemented, It would take a seriously dull person to go against the facts.
Sadly these people wont believe it until it personally hits them.
If China eats our lunch in efficiency then it is going to get even worse for the low end American workers since in the aggregate, fewer goods and services would be demanded of the US economy in the global marketplace.
We can find enough demand domestically for production, we don't need massive employers or big factories to reinvigorate small towns.
You also just have the fact that historically protectionism has never worked.
Some people thought Smoot-Hawley would help with the hard economic times we faced in the 30s. It just made it worse.
We don't need protectionist laws if capital is decentralized and financial organizations can't buy up land, labor, and capital.
Different approaches to the same problem. Its about the type of society we envision, not the policy.
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