posted on May, 3 2016 @ 06:38 AM
Employees are very expensive, automation is the way forward. Machines are doing more of the work and the welfare bill will only be growing from here.
We can't expect the machine owners to pay for everyone's welfare. Which is unfortunate, we will have to stockpile goods made from machines since there
won't be enough working people to buy these products. In the future there will be poor people everywhere and warehouses filled with new goods that
most people cannot afford.
"To these, add compliance costs for the Americans With Disabilities Act -- which do little to prevent predatory lawsuits designed to shakedown small
All in all, regulations have been calculated to place a burden in the $trillions per year on American individuals and businesses:
. . . .
Then, there's the hassle factor. Employees require oversight. Management. Development. They get sick. They take leave. They quit. Some do their jobs
well; some don't. Things can get messy, and not infrequently, litigious
"From a societal standpoint, I think Nobel Economics Prize recipient Michael Spence has it right (full disclosure: Spence was the dean of my business
school during my years there). He warns that the challenge of technological unemployment "will require shifts in mindsets, policies, investments
(especially in human capital), and quite possibly models of employment and distribution."