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The root problem is not jobs moving to poorer countries it's that manual labor is losing its value and will continue to do so as technology advances. A huge pr
by jcoffland 11y ago
The root problem is not jobs moving to poorer countries it's that manual labor is losing its value and will continue to do so as technology advances. A huge problem with capitalism is that it has no solution for what to do with the masses once a days labor is no longer worth a days living expenses. We are heading in this direction and are already there in many parts of the world. Education is a good solution but at some point demands for higher-level skills outpace the capacity of the average human brain. I'm not a big advocate of government run welfare but pure capitalism leaves many the gutter.
- roblev 11y agoAlthough a similar argument could have been made as societies industrialised, that once the value of farming work fell (which nearly everyone did), then there would be mass unemployment. It didn't play out that way.