Earlier quoted context omitted.
So you would like government to compete in private markets with tax payers money?
No, I'd like the government to stop paying people to do nothing, and instead pay them to provide government services. Rebuild our crumbling infrastructure, provide child care to working women, left wing types have a huge laundry list of things they'd like the government to do more of. I'd also like to replace as many (currently overpaid) government workers with welfare types as possible. Why pay $50k/year to a unioni…
What If There Just Aren’t Enough Jobs to Go Around?
211–220 of 310 posts
Re: What If There Just Aren’t Enough Jobs to Go Around?
#212Earlier quoted context omitted.
>Regulation isn't causing this; automation is causing this. Neither regulation nor automation is causing this. Political-economic suppression of labor and productive enterprise in favor of rent-seeking is causing this. Let's imagine an alternate universe in which different political choices were made. For instance, in the alternate universe, Elon Musk started a techno-progressive political party and swept into power…
> Putting aside how [President] Elon Musk pays for it all, facepalm you can't compare the side effects of a massive government spending plan without looking at that! It'll all come out eventually. Either we borrow, and tax our future generations, or we tax more businesses now, which would also repress business activity and American competitiveness. There's a few items that could be solved with the market. Like: Remov…
Re: What If There Just Aren’t Enough Jobs to Go Around?
#213Earlier quoted context omitted.
>Regulation isn't causing this; automation is causing this. Neither regulation nor automation is causing this. Political-economic suppression of labor and productive enterprise in favor of rent-seeking is causing this. Let's imagine an alternate universe in which different political choices were made. For instance, in the alternate universe, Elon Musk started a techno-progressive political party and swept into power…
Musk is just your stand-in for techno-progressive visionary, but given that you included Hyperloops this hypothetical platform should also include solar panels for every roof, the nation's powergrid rehauled to support electric vehicles, and a new Space Race...
Re: What If There Just Aren’t Enough Jobs to Go Around?
#214Earlier quoted context omitted.
>Regulation isn't causing this; automation is causing this. Neither regulation nor automation is causing this. Political-economic suppression of labor and productive enterprise in favor of rent-seeking is causing this. Let's imagine an alternate universe in which different political choices were made. For instance, in the alternate universe, Elon Musk started a techno-progressive political party and swept into power…
> Putting aside how [President] Elon Musk pays for it all, facepalm you can't compare the side effects of a massive government spending plan without looking at that! It'll all come out eventually. Either we borrow, and tax our future generations, or we tax more businesses now, which would also repress business activity and American competitiveness. There's a few items that could be solved with the market. Like: Remov…
I completely agree. Rigorous antitrust enforcement is another major program I would pursue, alongside every measure to reduce and eliminate economic rents.
>It'll all come out eventually. Either we borrow, and tax our future generations, or we tax more businesses now, which would also repress business activity and American competitiveness.
Or we invest in infrastructure and R&D now to make the profit later. You know, like every sane country in history prior to the Reagan Revolution.
>Your Massachusetts background is showing.
No, I wasn't proposing my ideal economic program. That would start with a lot more of Karl Marx and Henry George. I was pointing out the ways in which actually-existing systems which we once actually used actually dealt with unemployment -- real things, not ideals.
My whole point, facepalm, is that we've been so thoroughly indoctrinated with neoliberalism that we've managed to forget how the golden age of Western capitalism (1940s-1970s) actually worked.
Re: What If There Just Aren’t Enough Jobs to Go Around?
#215First, there are plenty of jobs, but not enough people that have decided to develop themselves enough to have the skills to do them. For example (a real life one, unfortunately for me): I need a biopsy of a mass near my heart, but the current waiting time for this procedure here in Seattle (at both major hospitals) is two months. What we do have is plenty of regulations that constrain the supply of physicians, servic…
> There are also plenty of regulations that are limiting career mobility, both in medicine and in other fields. An example of this is that anything that makes it hard for employers to fire people also makes it more costly for them to hire different people (because that new person is an unknown, and therefore risky, as the employer has to hold onto them longer, even if they aren't willing/able to produce.) In all 50 s…
https://www.rocketlawyer.com/article/what-states-are-at-will...
Re: What If There Just Aren’t Enough Jobs to Go Around?
#216First, there are plenty of jobs, but not enough people that have decided to develop themselves enough to have the skills to do them. For example (a real life one, unfortunately for me): I need a biopsy of a mass near my heart, but the current waiting time for this procedure here in Seattle (at both major hospitals) is two months. What we do have is plenty of regulations that constrain the supply of physicians, servic…
I feel for you - this kind of thing just shouldn't happen. I think that medicine is a bad example of the point you are trying to make though... It has a lot of embedded costs and roadblocks that aren't really related to regulation. For example - the procedure you describe is highly specialised, and can only be learnt in certain places. Say there are 4 people that can do this procedure at a hospital. Attracting a doct…
The difference is that the tech examples I've provided have not had the ability to progress (and the financial reward for doing so) regulated out of them.
The wait time for this is not something that just happened yesterday, and what I'm saying is there's a systematic reason for it that goes deeper than just the nature and cost of the people/equipment/training.
An example of this from another field:
In a 10-year span during the 1880-1890s, J. J. Hill coordinated and financed the construction of a transcontinental railroad, without any government aid. This was done without the benefit of bulldozers, tunnel-boring-machines, automated track-laying equipment, etc.
Today, Seattle's transportation authority says that it'll take 25 years for it to put down six miles of rail between Ballard and downtown.
I'd be dead for sure in 1890 (no CT scanners, etc.), but the rate of progress has definitely been restricted. And the difference is just in our ideas, not things, or any inherent rule in nature.
Re: What If There Just Aren’t Enough Jobs to Go Around?
#217Earlier quoted context omitted.
> Putting aside how [President] Elon Musk pays for it all, facepalm you can't compare the side effects of a massive government spending plan without looking at that! It'll all come out eventually. Either we borrow, and tax our future generations, or we tax more businesses now, which would also repress business activity and American competitiveness. There's a few items that could be solved with the market. Like: Remov…
America got out of the Great Depression and WWII with deficit spending. Sure we wouldn't be able to spend as much as then, but $900 billion could go a long way towards paying for these projects http://theweek.com/articles/624334/how-world-war-ii-reveals-...
The thing is--- when does the deficit spending stop?! Our economy is doing decently now, and we're still deficit spending. I don't think that our political system is structured in a way where we can responsible deficit spend and then take back the surplus in the future.
Re: What If There Just Aren’t Enough Jobs to Go Around?
#218Earlier quoted context omitted.
That's like saying there's plenty of room for musicians if you're Mozart. The amount of investment required to develop yourself for a target field has grown astronomically, but that's been coupled with a push down in wages. I know lawyers who spent a fortune for their degree, passed the Bar, and make barely more than minimum wage. Regulation isn't causing this; automation is causing this.
>Regulation isn't causing this; automation is causing this. Neither regulation nor automation is causing this. Political-economic suppression of labor and productive enterprise in favor of rent-seeking is causing this. Let's imagine an alternate universe in which different political choices were made. For instance, in the alternate universe, Elon Musk started a techno-progressive political party and swept into power…
Re: What If There Just Aren’t Enough Jobs to Go Around?
#219Earlier quoted context omitted.
> There are also plenty of regulations that are limiting career mobility, both in medicine and in other fields. An example of this is that anything that makes it hard for employers to fire people also makes it more costly for them to hire different people (because that new person is an unknown, and therefore risky, as the employer has to hold onto them longer, even if they aren't willing/able to produce.) In all 50 s…
It's a bit more complex than that: https://www.rocketlawyer.com/article/what-states-are-at-will...
However, in reality, all of it can be covered by a boilerplate employee contract that makes you effectively at-will and provides negligible protection.
Re: What If There Just Aren’t Enough Jobs to Go Around?
#220Earlier quoted context omitted.
> Allocating labor on the basis of whether or not traders and stock owners can profit in the short to medium term turns out to be an unintelligent way to strategise an economy. And yet, this turns out to be the most succesful strategy civilization has used so far.
Well... we don't have a real long track record and past performance isn't indicative of future gains. I agree with you, but we are kind of speeding into the unknown. Which like any adventure is risky. Hunter gatherers were real stable for a long long time. One person, or even a fairly large group of people couldn't cause much trouble. We're moving much faster, which again i think is cool, but it's much riskier. An ob…
I wasn't declaring it's success as a 'good' it's more a point of fact that other systems (e.g. socialism) weren't able to survive as competition.