Re:As Tech Evaporates Jobs, “The Tipping Point Will Be Drive...
by majewsky on Wednesday June 15, 2016 @05:30AM
(#11908099)
> selling each other more and more convoluted insurance policies and financial instruments
Exactly. When left with no other option, a plausible response of the system would be an unprecedented explosion in bureaucracy.
I don't know what those lamp lighters went on to do, but I would guess some kind of manufacturing or transportation job, since they were growing industries.
What do we have now? Are there any significant job growth for manual labor?
I'm afraid that what new jobs there are, will be the kind that do not contribute to real economic growth, but are simply there to extract wealth.
If most of the fundamental resource extraction, physical production and logistics is automated, I think it's better that people and groups can do more of what they find fulfilling and entertaining (which can be considered real economic growth even if money isn't exchanged) rather than selling each other more and more convoluted insurance policies and financial instruments.