Earlier quoted context omitted.
Many of them don't want to go back to school or get technical training... What do we tell the taxi and truck drivers when Uber shows up with self-drivers, etc.? Uhhh, how about "suck it up and do it anyway"? I know plenty of people on hn are all about the "making the world a better place" shtick and would work anyway/for the sake of it but for the vast majority of people work straight up means doing things you otherw…
how about "suck it up and do it anyway"? I don't necessarily disagree with this sentiment, but this doesn't really address the question, which is about what happens to an industry when it's made redundant by technology. Cab drivers competing with self-driving cars can't "suck it up". "what if they don't want to" in regard to people working? Again, I feel you haven't read the spirit of this comment accurately. What ha…
In a free market capitalist society, the most optimal case is that they spend a significant portion of their earnings buying capital (i.e. stocks and bonds), so as time goes on more of their earnings come from capital. Unfortunately, in the USA at least, we make capital accumulation ridiculously hard for working class people due to the cult of homeownership and a tax system where interest on mortgages (but not stock purchases) are deductible.