Anonymous wrote:

Anonymous wrote:Those people not participating in the labor force are not looking for work because
A) don't have the skills for the jobs they would like
B) are not desperate enough to take the jobs that there are.

HRC wanted to fix A; Trump is going to fix B.

the wages have been pushed downward by increase in cheap labor.

as anecdote go see Loving. great movie. wasn't even part of the story but it shows how in 50's and 60's people were able to support a family as a mason. Doesn't happen anymore because our culture has screwed the working class by importing millions of desperate workers. Wages need to start rising. More local workers will flow into the market. That is how it is supposed to work yet somehow when it comes to low skilled labor, supply and demand don't apply.

The IT jobs, that are the bricklayers of the information age, have been given millions of young adults from around the planet instead of hiring our own children.

Anonymous wrote:

Anonymous wrote:Universal basic income is a silly idea. If there are no jobs for certain people then society has no need for those people. Why pay them to continue breeding and producing more people of no value? A solution may be providing them basic income for life in exchange for sterilization.

You really cannot think at a Macro-level, can you? Your world view and understand of economics is extremely limited.

Anonymous wrote:Universal basic income is a silly idea. If there are no jobs for certain people then society has no need for those people. Why pay them to continue breeding and producing more people of no value? A solution may be providing them basic income for life in exchange for sterilization.

Anonymous wrote:Universal basic income is a silly idea. If there are no jobs for certain people then society has no need for those people. Why pay them to continue breeding and producing more people of no value? A solution may be providing them basic income for life in exchange for sterilization.

Anonymous wrote:

Anonymous wrote:ubi will happen

It has to. 50% of people will be out of a job by 2050, thanks for AI and Robotics. Who is going to pay for the crappy fast food and Walmart goods without UBI? The companies automated their business still need consumers.

Anonymous wrote:Universal basic income is a silly idea. If there are no jobs for certain people then society has no need for those people. Why pay them to continue breeding and producing more people of no value? A solution may be providing them basic income for life in exchange for sterilization.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hearing techs saying that humans are going to run out of work to do reminds me of the Patent Commissioner Henry Ellsworth, who predicted in 1843 that we would soon face a day where there would be nothing left to invent.

The premise is that increasing automation will leave people with nothing left to do. From a historical perspective, increasing automation usually results in humans finding more and more valuable things to do with their labor.

Around 100 years ago, half of us were farmers. Now that number is about 2 or 3%. They didn't run out of things to do. They went into manufacturing. And as a result, most every US household today has a car, a washing machine, several TVs, vacuum cleaners, AC, dishwashers, and microwaves.

In 1950, about 1/3 of us were in manufacturing. Today that number is about 20%. Even if 3/4 of those jobs disappeared in a few decades, it would be a smaller feat to get them back to work than it was to move farmers into new jobs.

Technologists are great at imagining what their technologies can do. But the rest of the human race has imaginations of their own. They will find value to add.

all may be true but right now a whole hella lot of folks are unemployed....

Our unemployment rate is not very high. 4.6%. Even if you add half of the drop in labor participation since 2008, that's only 6.1% That's what it was at the end of Reagan's seventh year in office, and we all said it was great.

The unemployment rate as reported by major media is misleading.

The labor participation rate – the percentage of the working-age population who are in the labor force – remains at a forty-year low, where it has been stuck for over two years. Where once a decline in the unemployment rate was a good economic indicator, since 2009 it has been more likely a sign that the number of chronically unemployed Americans is increasing.

http://data.bls.gov/timeseries/LNS11300000

time to increase immigration rates and import more workers.

Anonymous wrote:

Anonymous wrote:Those people not participating in the labor force are not looking for work because
A) don't have the skills for the jobs they would like
B) are not desperate enough to take the jobs that there are.

HRC wanted to fix A; Trump is going to fix B.

the wages have been pushed downward by increase in cheap labor.

as anecdote go see Loving. great movie. wasn't even part of the story but it shows how in 50's and 60's people were able to support a family as a mason. Doesn't happen anymore because our culture has screwed the working class by importing millions of desperate workers. Wages need to start rising. More local workers will flow into the market. That is how it is supposed to work yet somehow when it comes to low skilled labor, supply and demand don't apply.

The IT jobs, that are the bricklayers of the information age, have been given millions of young adults from around the planet instead of hiring our own children.

Anonymous wrote:Those people not participating in the labor force are not looking for work because
A) don't have the skills for the jobs they would like
B) are not desperate enough to take the jobs that there are.

HRC wanted to fix A; Trump is going to fix B.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hearing techs saying that humans are going to run out of work to do reminds me of the Patent Commissioner Henry Ellsworth, who predicted in 1843 that we would soon face a day where there would be nothing left to invent.

The premise is that increasing automation will leave people with nothing left to do. From a historical perspective, increasing automation usually results in humans finding more and more valuable things to do with their labor.

Around 100 years ago, half of us were farmers. Now that number is about 2 or 3%. They didn't run out of things to do. They went into manufacturing. And as a result, most every US household today has a car, a washing machine, several TVs, vacuum cleaners, AC, dishwashers, and microwaves.

In 1950, about 1/3 of us were in manufacturing. Today that number is about 20%. Even if 3/4 of those jobs disappeared in a few decades, it would be a smaller feat to get them back to work than it was to move farmers into new jobs.

Technologists are great at imagining what their technologies can do. But the rest of the human race has imaginations of their own. They will find value to add.

all may be true but right now a whole hella lot of folks are unemployed....

Our unemployment rate is not very high. 4.6%. Even if you add half of the drop in labor participation since 2008, that's only 6.1% That's what it was at the end of Reagan's seventh year in office, and we all said it was great.