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"At this point I've already come to accept that fulltime labor for everyone is simply not going to happen. " This is not true. Total workforce participation g
by edblarney 10y ago
"At this point I've already come to accept that fulltime labor for everyone is simply not going to happen. "
This is not true.
Total workforce participation grew radically through the last 100 years - esp. because the introduction of women into different jobs.
Demographics aside, we have really quite high participation rates - even after 200 years of automation.
Also - because of demographic changes, we're already at a stage of declining labour force participation (since 2000), and we already retire at '60-ish' and live another 30 years not doing a whole lot, but amassing massive healthcare bills.
So - people more than ever need to be 'gainfully and productively employed' while they can, in order to offset the fact they'll be hanging out for quite long time not creating direct value.