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I'm not sure all of the anger is misplaced. Tech has allowed some companies to run more efficiently; they make just as much money, but with fewer employees. As
by actsasbuffoon 13y ago
I'm not sure all of the anger is misplaced. Tech has allowed some companies to run more efficiently; they make just as much money, but with fewer employees. As much as non-tech people love to poke fun at Instagram and Twitter for being useless, it's the genuinely useful stuff we've created that has displaced workers.
It's not like this is without precedent. Agriculture and the industrial revolution both fundamentally reshaped the nature of work, and it took some time for the system to reorganize to accommodate. We may be looking at something similar. Tech is going to displace even more employees as we continue to advance, and it's not clear what these workers should do. They might seek training to fill some of the high-skill positions that can't find candidates, but there are only so many positions like that. If the numbers I've seen are to be believed then there are more unemployed/under-employed than there are unfilled job openings. Either things will adjust and the job market will expand, or we may have to adapt to a world where not everyone is required to be part of the labor force for an economy to operate at peak efficiency.
I think the universal wage movement is an exciting development for that reason, but it seems politically impossible to get something like that passed in the US right now. Then again, 15 years ago I'd have called you crazy if you said the majority of the country would support gay rights by 2014.
I may be getting ahead of myself. It's possible that there's some new kind of product or service I've not conceived of that will come into existence and create many jobs. That would be nice, and it would solve the employment problem.
However, if that doesn't happen and we continue to insist that people need to be employed if they wish to have food and shelter, then there are likely hard times ahead for many people. And it's likely that the work we do will make workers less necessary in more fields as time passes, which hastens the problems.