Re:The Long-Term Jobs Killer Is Not China, It’s Automation
by berntb on Thursday December 22, 2016 @07:51AM
(#13236916)
Since 1980 this globalization happened, which literally added billions of low paid people to the work force. Many of them educated.
So of course there will be a global pressure on salaries. It is just market economics. (You can't coordinate a "New Deal" in countries all over the world at the same time.)
My point about that is -- it isn't all bad. Literally billions of people have left the utmost poverty. It just sucks for the ones of the old "middle privileged" level, like us.
If it was just that, I would cautiously be positive, but I agree -- this new level of automation implies "Big changes", which are scary. Most revolutions seems to end up with a large part of the population dead or in slavery.
So of course there will be a global pressure on salaries. It is just market economics. (You can't coordinate a "New Deal" in countries all over the world at the same time.)
My point about that is -- it isn't all bad. Literally billions of people have left the utmost poverty. It just sucks for the ones of the old "middle privileged" level, like us.
If it was just that, I would cautiously be positive, but I agree -- this new level of automation implies "Big changes", which are scary. Most revolutions seems to end up with a large part of the population dead or in slavery.