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Jan 26 - Well... America Has Hit “Peak Jobs”

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 Jan 26 - Well... America Has Hit “Peak Jobs”
Unread 3 years agoclass of '05 - away - #1
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Andrefrbk 943 heat pts943 space
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“The middle class is being hollowed out,” says James Altucher. “Economists are shifting their attention toward a [...] crisis in the United States: the significant increase in income inequality,” reports the New York Times.

Think all those job losses over the last five years were just caused by the recession? No: “Most of the jobs will never return, and millions more are likely to vanish as well, say experts who study the labor market,” according to an AP report on how technology is k!lling middle-class jobs.

When I was growing up in Canada, I was taught that income distribution should and did look like a bell curve, with the middle class being the bulge in the middle. Oh, how naïve my teachers were. This is how income distribution looks in America today:



That big bulge up above? It’s moving up and to the left. America is well on the way towards having a small, highly skilled and/or highly fortunate elite, with lucrative jobs; a vast underclass with casual, occasional, minimum-wage service work, if they’re lucky; and very little in between.

But it won’t be 19th century capitalism redux, there’ll be no place for neo-Marxism. That underclass won’t control the means of production. They’ll simply be irrelevant.

Why? Technology. Especially robots. The Atlantic is already wringing its hands over “The End of Labor: How to Protect Workers From the Rise of Robots.” These days robots are in factories everywhere–but soon enough they’ll be doing plenty of service jobs too. Meanwhile, software is eating white-collar jobs.

Well, at least the newly unemployed can still go flip burgers…oh, wait, robots are doing that, too. (And other machines can print the meat. No, really.) No wonder people with jobs increasingly feel they have to work harder and longer.

Of course the robot manufacturers dispute this characterization. “While automation may transform the workforce and eliminate certain jobs, it also creates new kinds of jobs that are generally better paying and that require higher-skilled workers,” says the NYT.

That’s true, and the usual retort to this kind of Luddism. But what if, as I’ve been saying for more than a year, technology is now destroying jobs faster than it’s creating them? What if America has hit peak jobs?

Here’s your answer: that’s a good thing…in the long run. Job loss isn’t actually a problem in and of itself. Instead it’s a symptom of something much larger.

Step back a minute. Way back. What precisely is the purpose of technological innovation? Why do we want to make things faster, smarter, better, healthier, new? To get rich? OK: to generate wealth, and ultimately, eliminate scarcity. The endgame, where we’re going as a species if we don’t screw up badly and destroy ourselves or burn out all our resources before we get there, is some kind of post-scarcity society.

Will people have jobs in a post-scarcity society? No. That’s what post-scarcity means. They’ll have things to do, authorities, responsibilities, ambitions, callings, etc., but not jobs as we understand them. So if the endgame is a world without jobs, how will we get there? All at once? No: by a slow and inexorable decline of the total number of jobs. Today’s America is just at the edge, the very beginning, of that decline.

Trouble is, America, more than any other nation, is built around the notion that all able-bodied adults should have jobs. That’s going to be a big problem.

Paul Kedrosky recently wrote a terrific essay about what I call cultural technical debt, i.e. “organizations or technologies that persist, largely for historical reasons, not because they remain the best solution to the problem for which they were created. They are often obstacles to much better solutions.” Well, the notion that ‘jobs are how the rewards of our society are distributed, and every decent human being should have a job’ is becoming cultural technical debt.

If it’s not solved, then in the coming decades you can expect a self-perpetuating privileged elite to accrue more and more of the wealth generated by software and robots, telling themselves that they’re carrying the entire world on their backs, Ayn Rand heroes come to life, while all the lazy jobless “takers” live off the fruits of their labor. Meanwhile, as the unemployed masses grow ever more frustrated and resentful, the Occupy protests will be a mere candle flame next to the conflagrations to come. It’s hard to see how that turns into a post-scarcity society. Something big will need to change.

Image credit: Tom Brandt, Flickr.
America Has Hit “Peak Jobs” | TechCrunch)

Arthor cited this article here.
http://www.nytimes.com/20... lity.html?_r=0

Amazing video

[video - click to view]


So whats the future going to look like, 90% of the country at home, whole robots perform what we used to call work?

Last edited by Andrefrbk; 01-26-2013 at 12:21 PM..
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4 peeps gave props to Andrefrbk CadillacVyse (01-27-2013) , getyagameup (01-26-2013) , nightmare (01-26-2013) , hot topic  (01-26-2013)

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Unread 3 years agoclass of '05 - away - #2
Andrefrbk 943 heat pts943 space
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I hate to say it but there needs to be some reform, and its not happening ever. Id like to see it in form of socialism, taxing the rich more, using that extra revenue to rejuvenate the infrastructure. Couple million jobs for construction workers would be nice, use the rest of the yearly incomes to bring back manufacturing. Sure machines are the fu-king good, but there are things that the human hands are require for, look at fu-king foxconn. Lets build our own fu-king iPhones man wtf, make quality clothing here for affordable prices instead of this asian crap at walmart.

Im mid 20s and ive never seen a tag that says "Made in USA." only in movies, and cartoons, isnt that sad?

UK is back in recession with no GDP growth. In US our economy is stagnant, but some how we continue to grow as we pool our money to those at the top 1-14% How is this America? Even Chinas growth is starting to slow. Currencies are being devalued as we enter a how low and you go currency war. Every seasoned economist is pointing towards a global collapse for 2013, now Germany is fuking wit gold, china is fuking wit gold, we are still fuking with paper claiming we have gold for days. Yet our economy cant produce jobs for the people. We need a real democratic president, congress needs to cleared, we need 535 younger men and women who can speak for the people. Got old rich fu-kers telling young people "Back in my day we worked hard and earned a living..." Like the n*gga at Mcdonalds with a college degree is going to earn a living to raise a family, buy a home with a dog and a 2 cars. Scusts. And then you hear the media wh0ores shoot their mouths "Spain is 26% unemployment, omg thats horrible so bad..." while the actual real unemployment here in the states is almost the same, but we have food stamps, unemployment funds, and books cooked so good it will make you want to smack your momma.

n*ggas with no job, unpaid bills living at home will save unemployment and avoid eating. Just so they can cop the latest Retro Jays that have been released over 3-4 times by now. 180-250 right. But dudes dont realize the reason they dont have a job is because of sh*t ike this.

[video - click to view]

Nike hires 6k people in china to work as slaves building jays worth $20 if that, paying workers nothing but pennies. Mean while travante and ray ray is hustling to cop his holy grail.

And this is why we wont see jobs return, and our economy is feeding wealth to the rich.
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Unread 3 years agoclass of '06 - away - #3
made in the bay 23 heat pts23 space
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^^^cot damn, best post Ive seen in a long time on BX
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Unread 3 years agoclass of '04 - away - #4
Screwhead|m 180 heat pts180 space
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But it won’t be 19th century capitalism redux, there’ll be no place for neo-Marxism.


All 10 planks of the Communist Manifesto are in effect in the U.S.


That underclass won’t control the means of production.
History ALWAYS proves that to be the case in Marxist countries.


They’ll simply be irrelevant.
Also, usual in Marxist countries.
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Unread 3 years agoclass of '06 - away - #5
Got Cheeve? 111 heat pts111 space
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So is the article saying in the end, the jobless and poor will reap the benefits of the rich people's labor. I R CONFUSE. BUT THEN AGAINZ I R DRUNKZ.
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Unread 3 years agoclass of '05 - away - #6
Andrefrbk 943 heat pts943 space
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Got Cheeve? said:
So is the article saying in the end, the jobless and poor will reap the benefits of the rich people's labor. I R CONFUSE. BUT THEN AGAINZ I R DRUNKZ.
Id say more like technology is going to limit the amount of jobs from here out, the days of man power is coming to an end. The last bit of sh*t that can be done by the hands of man is being sent over seas smfh. We funnel money to n*ggas at the top, but none of it will come back down, no jobs being made.
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Unread 3 years agoclass of '06 - away - #7
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Screwhead said:


All 10 planks of the Communist Manifesto are in effect in the U.S.



History ALWAYS proves that to be the case in Marxist countries.



Also, usual in Marxist countries.
you right
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Unread 3 years agoclass of '04 - away - #8
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nightmare said:
you right
Unfortunately.
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Unread 3 years agoclass of '12 - away - #9
WifeRaperMagnus 3 heat pts space
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I got a feeling I'm gonna wind up growing a beard and hiding in a basement somewhere with a 12 gauge after reading all of this.
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Unread 3 years agoclass of '06 - on now - #10
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sometimes i just question the statistics people are using

weren't they saying top 1% make $250K or $500K a year? I don't think that's too outrageous. That's pretty much all professional sports atheletes, more A/B lists actors right?

Most people with post graduate degrees....MBA, JD, MD are all making close to $150K-$300K fresh outta grad school.....

this video makes it seem like people should just not go to school, tax the rich so those income can be distributed to the bottom
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Unread 3 years agoclass of '04 - away - #11
getyagameup 24 heat pts24 space
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good posts....that video on wealth distribution is depressing. you can't win in this country. not unless your parents got it or you know someone who has and will give you some or some ideas. that sucks.
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Unread 3 years agoclass of '10 - away - #12
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man this whole post is depressing....i hope this problem is retrified soon
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Unread 3 years agoclass of '06 - away - #13
Got Cheeve? 111 heat pts111 space
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Well as far as us little fish... the key is to not chase or want to get insanely rich. The key is to be comfortable. Do something you love and make enough money doing it. This means not keeping up "with the joneses." This means not buying ridiculously expensive clothes, and financing cars, and houses, and education, etc. This means living within your means. Not going into debt. Will you get rich like the top 20% ? No, but you'll have a good life. sh*t, most people feel better and more free with less possessions anyways. Who knows too, currency could collapse and everyone's back to square one. If someone brags about their possessions or their pay, just laugh, and know tons of these rich people are just as miserable as you are. People can find joy in anything, as well as something to get upset about. Find what fits you.
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Unread 3 years agoclass of '08 - away - #14
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[video - click to view]

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Unread 3 years agoclass of '05 - away - #15
Andrefrbk 943 heat pts943 space
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Got Cheeve? said:
Well as far as us little fish... the key is to not chase or want to get insanely rich. The key is to be comfortable. Do something you love and make enough money doing it. This means not keeping up "with the joneses." This means not buying ridiculously expensive clothes, and financing cars, and houses, and education, etc. This means living within your means. Not going into debt. Will you get rich like the top 20% ? No, but you'll have a good life. sh*t, most people feel better and more free with less possessions anyways. Who knows too, currency could collapse and everyone's back to square one. If someone brags about their possessions or their pay, just laugh, and know tons of these rich people are just as miserable as you are. People can find joy in anything, as well as something to get upset about. Find what fits you.
My family used to be middle classed household, it was good. So i know what its like to have a good life. Ive been around rich kids, having money to live and have fun is not much different from having an abundance of money.

Ima say this, there is absolutely nothing wrong with being able to have enough to live. And having a bit extra for fun.

I hear my cousins talk, all of them think they are going to finish college and become millionaires. Its as if society breeds kids to think they are going to become stars, and lavish important people. When in realize 80% of the kids born in the US will make far less than there parents RIGHT NOW. Thats statistically accurate. I tell them all the time, how about being a garbage man, or a doctor, or pharmacist.

See my parents didnt raise me with these high hopes, sounds weird but its true. I was never told id be rich or famous, i thought id maybe play college ball but that was it. Fuk man in HS i thought ima either be dead from suicide, drugs, or in prison. And as it stands im 10000000000000000000000000000x better off. Kids will need to learn dont expect anything extra, expect to get what you need.

Fuk a lambo, or big crib its cool. But i can live just as good wit what i got just need more for fun.

Last edited by Andrefrbk; 01-27-2013 at 08:16 AM..
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Unread 3 years agoclass of '10 - away - #16
Sean McDevitt 13 heat pts13 space
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good read^ i argee. though i make more than my parents but i didnt right away^
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Unread 3 years agoclass of '06 - away - #17
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Yeah, one thing I've always prided myself on is being able to live off hardly anything. I've been homeless before, living out of my car. So much so that I lost the feeling in my two big toes for a year or so. I lost like 30 lbs. during that time too, due to only being able to afford to eat once a day. The craziest thing was that was some of the most fun I've ever had in my life. Not because of those things, but the experiences I had with people, strangers, and straight up just the adventure. There's something about being on the edge of that, life is more sudden, your instincts to survive take over and life is that much more real. Sometimes we lose track of what it is to be alive in complacency. That was also the first time I ever truly fell in love with a girl. I had dated girls in high school and etc. But it was never really love like that, that I felt. Or maybe it was and I was just too distracted. Who knows, yet it still didn't work out. I kind of burnt a bridge in that city/state, and had to leave. So it didn't work out, but you'll never forget that feeling. She was too scared to follow me, and I understand. But god damn that was an adventure. Great experience in the end.

Since then, I've learned to understand the essential things in life. The extra bullsh*t just doesn't matter anymore. Good food, good people, good times, love, family, experiences, that's all this is about.

I've never had the material lust anyways. That's never been my goal or a driving force. It's always been creating. I guess that's where artists are lucky in a way. We just want to create, and share. That's what drives me. I'm fine with never being rich. It was never in my plans anyway.
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Unread 3 years agoclass of '12 - away - #18
Melle 37 heat pts37 space
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History has said it plenty of times, it repeats itself just about every 100 years.... the only problem with this current time is we have a number of different decades from the 1900's repeating itself at this very moment

1. If we count the true amount of people unemployed we are hovering towards 18% - 25%, that number has not been seen since 1929

2. we are starting to see more and more people have success starting businesses than starting college which has been unheard of for the past 40 years

3. We need an Industrial Revolution in this country (1800s, early 1900s), Industrial jobs could mean more people making 30-40K a year, it is also a good look on giving our country a real income

4. 1 of the most talked about topics at the moment is over immigration reform.. over the past 15 years we have started to see a new wave of Immigrants, now these immigrants who entered the country 15 yrs ago with their kids want Financial a.ssistance to cover things like College, Medical sh*t etc even though most are illegal.. its like the early 1900s Ellis Island all over again!!!

5. our country is finally starting to address another topic called "Prohibition".. we now have realized that the War on drugs has been a complete utter failure!!! our own government has introduced our Youth to Heavier drugs just bc they have prohibited Weed & gave us False reasons why it is illegal.. Maybe Kids wouldnt think about trying heavier drugs if there wasnt such a bad shadow over Weed, now most Young drug users are going toward Pills, Pills that you can get from your parents medical cabinet.. Why are they doing that??? because your future career (if you can find a job) is ruined if you walk outside with a 20 bag of Pot... why not stay inside & pop a Pill that your Parents purchased legally anyway

plenty other sh*t i cant name off the top of my head, basically we have a clusterfu*k of issues right now from all different times during the past 100 yrs, it doesnt seem right!!!

Last edited by Melle; 01-27-2013 at 10:03 AM..
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Unread 3 years agoclass of '11 - away - #19
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I had a job with GM out of HS and they outsourced it to Mexico. So I know first hand how much of a difference these jobs could make to our economy.

But you're missing the key point of manufacturing products in America... inflation.

You think Jordans are expensive now, open up a "sweat shop" in America and see how much they cost. Think buying an iPhone without a contract is expensive? They'll probably cost that with a contract if we made them here.

Look at the stats in countries like China, Taiwan, Korea... They thrive on "export" business/outsourcing, yet they're still poor nations. For example minimum wage in America is still 4x what they make in China.

I don't know the answer to solving the problem that video talked about, but everything being "made in America" instead of China, isn't it.
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Unread 3 years agoclass of '11 - away - #20
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if they passed a 1.4 Trillion $ Package specifically for Jobs , you will see the turnaround . Call your congressman and demand a Jobs Package .
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