Re:The Student Loan Debt Crisis Is About to Get Worse
by nemo846 on Thursday October 18, 2018 @12:18AM
(#18245860)
Automation has eliminated a ton of jobs.
Look at the steel mills of the early 20th century. They had groups of people hoisting around huge pieces of steel on chains.
Look at a modern steel mills. All that hoisting is now done by heavy machinery control by one guy in an air conditioned operator cabin.
By offshoring or just the advancement of technology, those jobs are gone.
People just have to invent new ways to contribute to society - to say it’s “easier said than done” is understatement though; but there is really no other way.
Many called Ross Perot a nutjob when he coined the phrase "The great sucking sound of jobs leaving the country." I watched it happen.
We also watched the ratio of the highest paid employee/ lowest paid full time employee skyrocket. I understand that there are high performing employees, but economies need a large middle class who have income to buy products (without running up debt) for the economy to prosper.
Now we see people trying to support families on what were after school jobs for high school students... Times changed when offshoring became easy...