Earlier quoted context omitted.
>uncomfortably large part of the population just really doesn't have anything economically worthwhile to offer in the modern context? Someone still has to do the jobs. The sanitation workers, the McDonalds employees, the truck drivers, the waiters, the cooks -- they all have a role in society and are economically worthwhile -- it's just that nobody has had a raise since the 90's and income inequality is the highest i…
> Someone still has to do the jobs. I think GP's argument is that we won't need them too much longer. The jobs you mention don't need to disappear completely for there to be problems; if the demand for that class of fungible unskilled labor drops by 20% (not hard to imagine in the next decade or so), what happens to those tens of millions of people who have no way to provide for themselves and their families? Curious…
In our current system of late capitalism, they probably get told to pull up their boot straps and work more/different jobs with no help at all. You won't hear about it on the news, you won't see it in the paper, you won't see it on TV because there are only 5-6 corporations that own almost all media, but people will be struggling and in poverty no doubt. We've been continuously taking away SNAP benefits, taking away medicaid benefits, adding work requirements, and now HUD wants to raise rent on people receiving federal rent assistance. I have absolutely no faith USA will do anything beneficial for its people anymore, only for the benefit of corporations and now with full Republican control we're probably going to see a Lochner Era 2.0.
>Curious to know what you mean by "implementing full employment", given we're about as close to that now as anyone has ever been.
Wages aren't rising because 4.0% unemployment[1] is still 15 million people unemployed, and not all people out of work are included in the official US unemployment numbers. That's a huge reserve of employment that doesn't allow workers to really have any control in their workplace because they have absolutely no job security, and it doesn't allow them to bargain for higher wages. It turns the tables and gives workers control instead of bosses & corporations, it gives the power to the people who do the work.[2]
Wages are actually falling. This shouldn't happen if unemployment is extremely low.[3]
[1]https://data.bls.gov/timeseries/LNS14000000
[2]http://delong.typepad.com/kalecki43.pdf
[3]https://www.washingtonpost.com/news/wonk/wp/2018/06/15/for-t...