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Wouldn't the correct thing to do be the laid off workers find ways to get reeducated to find better jobs? Why should people learn to live on welfare all their lives???????
The first item in the needed re-education of laid off workers is teaching them to feel a sense of shame when they are on the dole a strong enough sense of shame that they will start to learn things for themselves for the first time in their lives! From this all else follows.
If a company replaces a worker with a machine, then they are putting someone out of work.
So they make more money , and then fewer jobs are available, so less of that money gets redistributed through paychecks.
The engineer and mechanics who manage the machines get work, but with durable machines you don't need as many mechanics as you would need workers beforehand.
Otherwise, machines will replace every job , and all the humans will be homeless besides the tens of people who own the machines.
#EconomicTerminators
Agreed. Similarly, every time you send a message to anyone via email instead of the Postal Service, you should be penalized for contributing to the loss of work for the mailman and his layoff.
Tens of millions with a 401K are shareholders who benefit. Not small in size.
Since the average 401K has $20,000 and 30% have nothing at all in a 401K or IRA. Such puny retierment savings is only chump change any way you want to spin it. Fewer than 10% of Americans have 401ks or IRAs of $ 250,000 or more which are considered the floor for effective retirement savings if you want a middle class life style!. (Source Jeff Bezos's Washington Post. )
Corps are now 'people' with rights, shouldnt they also get to take a tax deduction for each employee 'dependent' that they employ? This would mean reworking the entire corp taxation scheme we currently have but that is probably due.
And to those on the left, this is a historical political opportunity don't you think?
It means that at some point in the not so distant future, those who used to support fiscal conservatism will find themselves and long-term unemployed with the dismal economic futures and no retirement prospects. They will have to support bigger government. This means that the US is on his way to have to become a more socialist society. .
And with Self perpetuating single parenthood, more single households, The need for social support is ever expanding.
As long as society only exists in terms of right-left politics I suppose we will most likely fail on many economic fronts. A thought regarding the present, with respect to the how's of an ever increasing human labor replacement technology, I'd say the prospects for those now enjoying the fruits of their labor seems pretty promising. And for those in there future whose labor will have little practical application potential, life could very easily become intolerable without a national agreement on what will possibly be our biggest concern, aside from the hype of all the fun stuff technology brings.
If a company replaces a worker with a machine, then they are putting someone out of work.
So they make more money , and then fewer jobs are available, so less of that money gets redistributed through paychecks.
The engineer and mechanics who manage the machines get work, but with durable machines you don't need as many mechanics as you would need workers beforehand.
Otherwise, machines will replace every job , and all the humans will be homeless besides the tens of people who own the machines.
#EconomicTerminators
Get rid of cars, we can reduce global warming and hire people. Hey basketbalidude, here's a job for ya!
hand-pulled Rickshaws
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