originally posted by: OneManArmy
a reply to: boohoo
Remember in "Charlie and The Chocolate Factory" that Charlies father became unemployed because he was replaced by a machine for putting the tops on
He later got his job back to repair the machine that put the tops on the toothpaste tubes.
I get your point, but I think you missed mine.
Keeping up with the basics in terms of education and on-the-job work skills won’t be enough for jobs requiring future tech, labor market, skill-sets
(i.e. robot repair). The poor and even the middle class (not the upper middle class) will simply NOT be able to keep up with the skill demands for
future employment, REQUIRED CERTIFICATIONS, STATE LICENSING, etc, while earning wages AND keeping a roof over their heads. In the future these very
high costs skills needed to stay “relevant” in ALL labor markets will only be affordable to the rich, or at the very least to VERY far forward
thinking middle class families, willing to sacrifice everything financially to keep their offspring competitive in the larger job market.
Up to the 1940 a person could get just about any job with an 8th grade education, but today you need a BA or Masters for entry level.
Because the government & big business figured out a long time ago that populations would certainly increase over time, but due to technology
advancements, the availability of jobs would not expand to meet that population growth. There is a reason they don’t want people dropping out of
high school and then at the same time, encourage that high school graduates to attend junior college, then a 4 year university and finally a Masters
degree or PhD. They do so because it DECREASES the amount of people looking for full-time employment at the SAME TIME, chasing after jobs in a market
that CANNOT provide employment for everyone looking for, able, qualified for and willing to work.
Look at it this way, when people could get a job with an 8th grade education, they went out and did it as soon as possible (opportunity cost). Then
jobs got scarcer and the minimum requirement became a high school diploma, adding 4 more years of people NOT Looking for jobs within their cohort.
Then jobs got even scarcer and the minimum became a 2 or 4 year college degree, adding an additional 2-4 years of people NOT looking for jobs within
their cohort. Now jobs are really scarce and may require a Masters or PHD, adding an additional 2-7 years of people NOT looking for jobs within their
Basically the way the economy has been structured TODAY, we are looking at young people within their cohort whom are NOT looking for full-time, career
type, employment for 6-15 YEARS, beyond K-12, all while they finish school!!!
This has been done ON PURPOSE to keep the number people seeking employment lower. In 1920 after 8th grade everyone who was able went out to look for
work and typically found it, that’s simply NOT possible today under any circumstances. Easily accessed welfare will soon add another 1-3 years of
people within a cohort, to those “not seeking employment”. Not to the specific detriment of society, but to continue to mask the illusion that
jobs and upward mobility are still available. So, if someone gets a graduate degree and collects 1-3 years of welfare on top of than, that’s ONE
less person competing for scarce jobs. The extra years of welfare then are acting in the same way to the larger economy as the increased minimum
education levels for employment. Essentially to decrease the number of able-bodied applicants out on the job market at the same time. This cohort of
people "not pursuing full-time employment" also includes those in Prison, Government pensioners and the disabled on government assistance. If everyone
needed to go out and “get a job” or “start their own business” TODAY as many “capitalists” suggest these days, we would all be making 0.25
cents a day.
Guess when the largest “recorded” wage increase happened in history for, non-land owing, wage-laborers, post the introduction of fiat currency?
I’ll tell you, it was after the black death pandemic in the 14th century.
How is that possible?
Because “the owners of capital”, post-black-death-pandemic still needed wage-laborers, but there was a HUGE shortage of able bodied people, so in
order for ANY work to get done they had to pay the peasants and other undesirables more, SIGNIFICANTLY MORE. This principle is still at work today,
when you take the time to recognize that portions of the population are actively discouraged from participating in the full-time labor market. This is
easily done, by throwing people in prison, forcing them to attend formal school longer and allowing more people to claim themselves as disabled or
collect both long and short term welfare. The next obvious step for government to further reduce the number of people participating in the full-time
labor market is to allow them easier access to welfare or as some have be recommending lately a guaranteed minimum wage or allowance that everyone
gets without having to provide labor to an employer first. I’m not going to go into any specific economic theory, but this above noted cohort of
non-participants collecting a base amount of guaranteed welfare/allowance will likely keep wages stable for those whom are still working full-time. If
all people capable of working full-time entered the jobs the market simultaneously, wages would crash and to a certain extent have, as of 2014.
There has ALWAYS been an economic system at work in the USA that limited the number of able bodied workers whom would be PAID and those who WOULD NOT
be paid. The “owners of capital” learned their lesson about labor shortages POST the “Black Death” and figured out from that day forward how
to keep wages down and potential available laborers numbers at maximum levels, while forcing them to compete for scarce available paid labor
In the past when there wasn’t enough money to go around to pay wages the “owners of capital” simply brought in more indentured servant
immigrants (Irish, Italians, Chinese, etc) or used flat out slave labor (Blacks, Native Americans, domestic prisoners, POW’s, etc). The only
difference between now and then is that “owners of capital” can’t LEGALLY have slaves or indentured servants anymore, BUT they have the same
pressures as before, to keep their high wages flowing and laborers working even when there isn’t enough “PIE” to go around to pay those laborers
for services rendered. The mechanisms today that replaces slaves and indentured servants are the following: longer than needed formal education for
basic employment, off-shoring of labor, forced retirement, prisoners and welfare.
The only other choice when these conditions eventually arise will be the expansion of welfare because some rich kids will want to work for fun or
enrichment, but there won’t be many job to go around anyway. So, someone has to go and it won’t be them at the end of the day. Another possible
policy outcome to all the above is making the legal adult age 25, which could give the middle class time to recover decades of wage loses and lower
the likelihood of people willy-nilly having a child that they know legally can live with them until 25. Baby making will drop off a cliff and daily
wages will soar if such a law were created.
It find it amusing when people think "robots" will help this situation
edit on 18-8-2014 by boohoo because: (no reason given)