Earlier quoted context omitted.
The answer to this is always the one we don’t want to talk about: a robust public safety net. This is the balance to “move fast and break shit” technological disruption. It’s great to have an adaptive overall system, but disruption has a human cost. If there’s a robust public healthcare and UBI type system in place to pad the fall, people will bounce back and adapt when industries break down. If instead we stick our…
Definitely agree with this! Given the pace of technological development, we should basically expect entire groups of people to constantly drop out of the competitive labor market. Don't get me wrong, new jobs will be created as well, but it's also very possible many people will also not be able to reskill into those new roles without some sort of structural support. People have faith that technology will create new m…
The miners, auto-workers, ship workers, BT (phone) workers and other swathes ended up leaving the workplace as a general rule.
To massage the figures, the government were able to expand the education sector and take the 'long term sick' off the books.
For the education sector there are mature person degrees, however, education mostly takes the young off the books, the people that did apprenticeships.
Long term sick can be an easy skive, if you have taken up the bottle, can claim to be depressed and have the doctor in the job centre believe you. The incentive is more money than dole and no need to check in with the job centre on a fortnightly basis.
IMHO AI is the fig leaf for what is going on, with further financialisation of Western economies (rent seeking) and absurd energy costs, due to the Anglo-American 'war for oil against humanity', making most Western economies doomed to never be competitive ever again. Soon the only jobs will be 'multi-drop delivery drivers' and 'care workers for seniors'. Immigrants and young people will fill these roles, not whomever is being laid off 'due to AI'.