Thursday, March 27, 2014

metalocalypse.

words. 

"...an even more fundamental factor in the declining share of working Americans is the technological automation that has eliminated millions of jobs and is poised to eliminate millions more.

...I doubt that the mass acquisition of creative and social skills is sufficient to meet this challenge. The way to deal with such a job apocalypse would begin with the very measures that we have failed to enact to combat the cyclical downturn that began in 2008: a massive government program to build and repair our infrastructure and to provide the preschool education and elder care that the nation needs, which would increase consumption and economic activity generally.

Eventually, however, as computers pick up more and more skills, we will have to embrace the necessity of redistributing wealth and income from the shrinking number of Americans who have sizable incomes from their investments or their work to the growing number of Americans who want work but can’t find it. That may or may not be socialism; certainly, it’s survival."

THE WASHINGTON POST: The coming job apocalypse

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