3 ms·
If I were capital I would simply invest harder in automation and software. You can still claim made in the U.S.A. with cheaper unit economics than people who ac
by mattnewton 10y ago
If I were capital I would simply invest harder in automation and software. You can still claim made in the U.S.A. with cheaper unit economics than people who actually try and create jobs.
I don't think a lot of those jobs are coming back. We need to invest in education for the new jobs, not try and force coal mining, car riveting, etc to be in demand again.
- toomuchtodo 10y agoWe can tax the productivity from your automation. Failing that, we can replicate it and break the patents for it. There are no new jobs coming. Its time to drop the charade that retraining and hustling will be the solution.
- mattnewton 10y agoThere are new jobs coming but they don't look like the old ones. I agree with the rest. Tax and retrain.
- drzaiusapelord 10y ago>We can tax the productivity from your automation. The types of people who would consider a socialized universal wage are not the types of people you just elected in. So no, protectionists aren't going to do this. They'll just give the spoils to corporations, who they are indebted to to stay in office and who ultimately produce the erroneous talking points you parrot. Trump isn't pulling the Frank-Dodd act or removing environmental regulations for you, your job, your community, or the middle class. He's doing it to please the wealthy elites who will personally benefit. These policies won't "create jobs." >Failing that, we can replicate it and break the patents for it. That wont work and then what? This is the path to a command economy that won't work either. You can't just hand-wavey some kind of robotic utopia powered by taxes. >There are no new jobs coming. Obama's time in office saw the creation of 15m jobs. We're dying for talent at my employer and constantly hiring. But no, we don't want high school dropouts who think they're entitled to subsidized wages for lazy 'make work' rural jobs. You're not entitled to a job. You have to earn it by being competitive and learning in-demand skills just like everyone else did all through history.
- dukeluke 10y agoIf labor wasn't needed for many manufacturing jobs, then labor wouldn't be used overseas. A problem with requiring all jobs to require an advanced degree is that not everyone is capable of doing so. Should the less intelligent live in squalor while the smart get by? I don't think so. There needs to be good job opportunities for all classes, not just the upper class.
- cbr 10y agoIf labor wasn't needed for many manufacturing jobs, then labor wouldn't be used overseas. For most manufacturing you can either use X hours of human time or $Y of machine time. In many cases, at low overseas wages the human time is cheaper, while at higher US wages the machine time is cheaper.
- mattnewton 10y agoLabour is needed at that price point. It isn't needed at the current American standard of living. I don't think that the "less intelligent" should love in squalor and I want to involve them economically too. I also think Americans Do Not want to live like factory workers in china or India. They want to live like American factory workers in the 60s. That isn't likely anymore for a variety of reasons. We need job training for the new reality
- ivl 10y agoLabor, at least in manufacturing is also very much down overseas. I agree with your sentiment, but forcing jobs to exist when it's not efficient lowers everyone's quality of life. Instead, tax the gains and uplift the people who lose to innovation.
- jrockway 10y agoIndeed. Protectionist trade policies will basically achieve one thing: higher salaries for software engineers. So yeah, go for it. But that's not who voted for Trump.