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This is true to an extent but we have never really seen an information economy with a global labour scarcity. If we look at "advanced" economies with physical l
by Affric 3y ago
This is true to an extent but we have never really seen an information economy with a global labour scarcity. If we look at "advanced" economies with physical labour scarcities we see infrastructure deficits and inflation in asset prices.
Having worked behind a computer and behind hammers, saws, on ladders, et cetera I think that political/economic collapse might not be ideal. With that said perhaps my socialist history teachers couldn't overcome the immense power of British propaganda against revolution.
- toomuchtodo 3y agoIf current state is a form of economic slavery, alternatives may be welcome. Depends on your point of view I suppose, as well as your role and position in the system. Some may welcome decline over current state and the cost it imposes. https://www.news18.com/india/frustrated-over-being-unemployed-man-dies-by-suicide-after-burning-all-his-degrees-8790716.html https://www.news18.com/india/frustrated-over-being-unemploye... https://www.japantimes.co.jp/news/2023/05/31/asia-pacific/china-youth-unemployment/ https://www.japantimes.co.jp/news/2023/05/31/asia-pacific/ch... https://www.theguardian.com/world/2022/may/26/the-rise-of-bai-lan-why-chinas-frustrated-youth-are-ready-to-let-it-rot https://www.theguardian.com/world/2022/may/26/the-rise-of-ba... https://www.vice.com/en/article/wxjqyb/south-korea-69-hour-work-week https://www.vice.com/en/article/wxjqyb/south-korea-69-hour-w... https://en.wikipedia.org/wiki/Japanese_work_environment https://en.wikipedia.org/wiki/Japanese_work_environment https://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_670171/lang--en/index.htm https://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_... https://news.ycombinator.com/item?id=39504981 https://news.ycombinator.com/item?id=39504981