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I think this is where social safety nets (or the lack of them) come into play. The market can be short sighted when it comes to training and typically focus on
by ian0 9y ago
I think this is where social safety nets (or the lack of them) come into play. The market can be short sighted when it comes to training and typically focus on younger generations where they do (large orgs sponsoring university courses etc).
A good adult education scheme in conjunction with social welfare to allow people to make use of it makes a world of difference when it comes to re-tooling older people once jobs are automated. Not to find jobs at google but at the legion of smaller traditional enterprises that now have technology components due to automation.
- ThomPete 9y agoI don't disagree but how are you going to pay for social welfare if no one is making money? So what do you tax? do you do something else? These are the questions that are really relevant to figure out IMO.
- tmnvix 9y ago> how are you going to pay for social welfare if no one is making money? So what do you tax? You stop taxing income and start taxing wealth. A land tax would be a good start. Resource taxes are another.
- intended 9y agoYou take a loan. And people are making money - the GDP is growing overall, therefore there is far more productivity and value add happening in the system at large. Americans have the potential of a good social safety net already (compared to many worse countries), its more a question of detail orientation and unpalatable politics - from the perspective of an outsider.