Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

bluestate10

(10,942 posts)
2. There is a finite number of jobs at any time in history. Intelligent machines is only part of the
Fri Mar 14, 2014, 05:25 PM
Mar 2014

problem. The other parts are over-population, under-developed countries becoming developed enough to take jobs from developed countries. The past where a nation with 6-7% of the world population dominated the rest of the world industrially and economically is truly a thing of the past. Why should a young child in Vietnam expect to not have a job while a young child here in the US is sure to have that job? The situation is complex, no one in this country should expect to work for nothing, nor should anyone in any other country expect to work for nothing, ie, slave wages. Social Security at 50 won't solve the problem, it will just make life easier for those nearing 50 or above 50. Those considerably younger than 50 will face the very same dynamic that people today that are approaching 62 face, jobs vanishing with no equivalent jobs replacing them.

In my estimate the solution may be having large population countries like India and China focus exclusively on bringing their poor up to a higher standard of living. Those two countries improving internal living expenses would lift economies worldwide and result in a long economic boom. But once that boom starts to taper off, the world will face the age old problem, there is a finite number of jobs.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»Bill Gates agrees with me...»Reply #2