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Wednesday, July 23, 2014

Heading into a Jobless Future

This Washington Post article discusses a future where manufacturing and menial jobs will have disappeared--taken over robots. The article takes a positive note--that we are entering an era of abundance, where basic necessities will decline in price. But, as the article notes, it is likely to result in higher unemployment. Hardest hit may be China because it will be stuck with a proportionately older work force.

When manufacturing began to disappear from the American economy, we were told not to worry because it would be replaced with a service economy. That, too, is disappearing. So, the future will be wonderful for the elite, and bleak for the majority of the population. Expect to see renewed pushes to support population controls in order to get rid of the "surplus population" and various increased social controls to maintain stability.

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