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The real issue here is that we have an increasing number of unskilled people chasing a smaller and smaller number of unskilled jobs. The real devaluing force h
by outside1234 11y ago
The real issue here is that we have an increasing number of unskilled people chasing a smaller and smaller number of unskilled jobs. The real devaluing force here for unskilled labor is the automation of everything.
If the drivers think its bad now, wait until Google and Uber launch driverless car fleets! Then they will earn $0 a hour, and worse, they will be chasing even fewer unskilled jobs.
The lesson then is that if you are under 18 and not getting a university degree, you are doomed to subsidence living -- this is what the market is telling us -- you need to be an automator and not something that is automatable.