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It's an interesting trend. I wonder if it might come too late. We're seeing an up-tick in automation. More and more menial jobs are becoming automatic. The labo
by virmundi 12y ago
It's an interesting trend. I wonder if it might come too late. We're seeing an up-tick in automation. More and more menial jobs are becoming automatic. The labour force on the low end is not as needed. I wonder what will happen if the industrialist in the Asian countries gain enough capital to buy heavy equipment. Will the wage trend continue grow?
- FranOntanaya 12y agoWe are probably long overdue a relative price drop on all the products that have had substantial automation. Once enough businesses catch up the price competitions should restart -- for now it's just the first ones past the mark reaping larger benefits.
- GFK_of_xmaspast 12y agoproducts such as?
- crdoconnor 12y ago>We're seeing an up-tick in automation. We're actually not. Current trade policy discourages automation by pushing manufacturing to low wage countries attempting export led growth instead. Those jeans you're wearing? Those toys in the store? Mostly assembled by a person I'm afraid. Those menial jobs are not being done by robots they are being done by cheap factory workers in Bangladesh, China, Vietnam, Mexico, etc. The US has actually had an uptick in the number of menial jobs created since the recession and a downtick in the number of skilled jobs. I think this "automation has accelerated since 2008" meme is simply a convenient excuse for the lost jobs that shifts blame away from the people who actually caused it. Similar to the "banning redlining caused the housing crisis" meme.