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> And your argument hinged upon the notion that this process has now somehow... stopped... why so? Apologies if I was unclear, I did not mean to imply that opp
by chillacy 7y ago
> And your argument hinged upon the notion that this process has now somehow... stopped... why so?
Apologies if I was unclear, I did not mean to imply that opportunities would stop coming up, I only meant to draw attention to the fact that within the industry there would be fewer jobs.
(Ultimately this is a very good thing, we can't get much done if 9/10 people are dedicated to farming. In 30 years I'm sure we'll look back and say the same about manufacturing.)
But this is why it's important:
Economic theory says that workers are all fungible and will re-skill into these new jobs, while data show that the new jobs are taken by other people in other places: the old workers seem to drop out of the workforce [1], get on disability [2], and/or die from opiate overdoses [3].
[1] https://www.brookings.edu/wp-content/uploads/2017/05/ccf_20170517_declining_labor_force_participation_sawhill1.pdf https://www.brookings.edu/wp-content/uploads/2017/05/ccf_201...
[2] https://apps.npr.org/unfit-for-work/ https://apps.npr.org/unfit-for-work/
[3] https://www.prb.org/people-and-places-hardest-hit-by-the-drug-overdose-epidemic/ https://www.prb.org/people-and-places-hardest-hit-by-the-dru...
I do agree that the inequality is a big issue and it's doubly edged: less consumer spending power means the market doesn't bother serving those without wealth, and automation itself tends to concentrate wealth into few large players.