These are two issues that will actually help with both creating jobs and ensuring decent pay. Nobody really knows what will happen in the future. If there are robots that can do all of our work, who says that only extremely rich people will be able to afford them? Which technologies have stayed permanently unaffordable where there is consumer demand? Not that many.
The Long-Term Jobs Killer Is Not China, It’s Automation
151–160 of 247 posts
Re: The Long-Term Jobs Killer Is Not China, It’s Automation
#152Earlier quoted context omitted.
"It should be added that wages going up and the emergence of a middle class was not a direct result of increased productivity. " I fully agree that the labour movement was essential. BUT - wages did definitely rise far before labour got going - and wages could not rise as they did without underlying productivity gains. But yes - the labour movement was essential.
> ...wages could not rise as they did without underlying productivity gains Absolutely. The challenge with automation is ensuring that the increased productivity benefits all of society (not necessarily equally). As useful as capitalism is, it doesn't really have a mechanism for doing this properly. The solution will always have to be political.
I think a large part of it has to do with how disruptive computers and software are. One person can walk in and write some software that makes an employee 50x as productive. How do you compensate that? They enabled your employee to create profoundly more value. If compensation is in any way tied to the value of the work being done, the compensation should obviously be similarly profound. You have to divorce value of work and compensation from one another completely to avoid ending up paying software creators very highly and practically creating a special class for them.
Re: The Long-Term Jobs Killer Is Not China, It’s Automation
#153I think we are destined for a future of political and social instability in the world if we continue to define labor and its compensation as we do now. We currently don't have a social understanding for navigating a world where little human labor is required. The resentment of the winners (capital owners) by the losers (jobless masses) may lead to great upheaval, to be harnessed by willing politicians of short-sighte…
The real issues won't change though. Those people who are considered rich will be rich because they own land in nice areas, or have a military-backed monopoly on natural resources.
The first issue is due to population size, and the second issue is an eternal issue of war that can't be avoided.
Re: The Long-Term Jobs Killer Is Not China, It’s Automation
#154I think we are destined for a future of political and social instability in the world if we continue to define labor and its compensation as we do now. We currently don't have a social understanding for navigating a world where little human labor is required. The resentment of the winners (capital owners) by the losers (jobless masses) may lead to great upheaval, to be harnessed by willing politicians of short-sighte…
We need to have an AI tax that redistributes wealth back to the "ordinaries" so they can have the resources to be creative. Even if machines can generate writing and music there's no real point of view to fully machine generated material. You can do the thing they said don't quit your day job to do.
Re: The Long-Term Jobs Killer Is Not China, It’s Automation
#155We're going to have to find ways to help people stay busy/occupied. Otherwise, society will just turn nasty.
Re: The Long-Term Jobs Killer Is Not China, It’s Automation
#156Earlier quoted context omitted.
> The resentment of the winners (capital owners) by the losers (jobless masses) may lead to great upheaval, That's why we need to place the means of production in the hands of the people, not just of capitalists. > What will it mean to work and contribute to society in the future of machines? Self-supporting human society, a mix of small companies, skilled people and experts, using automation as well, that works to s…
Marx speaking...
> Distributism has often been described in opposition to both socialism and capitalism, which distributists see as equally flawed and exploitive.
Re: The Long-Term Jobs Killer Is Not China, It’s Automation
#157It's interesting that many politicians, including Trump and Sanders, want policies to prevent jobs from leaving the US, but have no policy proposals around automation. If you want manufacturing jobs to stay in the US, regulating automation would be far more effective than trying to prevent companies from outsourcing jobs. (Incidentally, a lot of jobs that have been outsourced probably would have been automated if out…
Re: The Long-Term Jobs Killer Is Not China, It’s Automation
#158Earlier quoted context omitted.
Losing their job is a violent and unpleasant process but a sort of necessary one as a society. I have seen that first hand many times. It forces people to reconsider their career, move to another more promising industry, move to another city or another country. That's how the economy adapts to change and resources are allocated efficiently. What I have seen often too is bankers wealthy enough to be able to live on th…
Sorry, but have you ever really witnessed firsthand the difficulty of being forced "to reconsider one's career, move to another more promising industry, or move to another city or another country"? The economy might adapt to change, but people aren't able to nearly as well. You say "capitalist's creative destruction", but it's really "greed-driven devastation".
Re: The Long-Term Jobs Killer Is Not China, It’s Automation
#159I think we are destined for a future of political and social instability in the world if we continue to define labor and its compensation as we do now. We currently don't have a social understanding for navigating a world where little human labor is required. The resentment of the winners (capital owners) by the losers (jobless masses) may lead to great upheaval, to be harnessed by willing politicians of short-sighte…
Best way to accomplish this, I think, is to have a Basic Income. Give everybody enough to live, and increase that the more machines take over our work.
Re: The Long-Term Jobs Killer Is Not China, It’s Automation
#160Earlier quoted context omitted.
Everyone could have his own small farm, fab and robots. No need to rely on "big men" competing for karma points from the peasants.
Everything old is new again. It's going to be some damn thing when everyone in the South takes your idea and they build up their civilization around free robotic labor, and then when we hit AI sentience and start ensuring the civil rights of robots the entire South has to be burned to the ground again to free the sentient robots from their owners.
We can still do the fun stuff of course, like writing and art, and get famous and all that.