06-14-2016, 02:41 AM
(06-14-2016, 02:33 AM)pbrower2a Wrote: Low-skilled manufacturing and even service jobs are being automated out of existence as soon as a machine or a computer program can be found to replace them. So it is for welding and painting on assembly lines for vehicles and appliances; so it is becoming for counter people in fast-food places. Finding people who can show delight in working for a near-minimum wage despite a miserable life off the job (poverty is incompatible with human happiness) is far tougher than it seems.
Wages aren't the only thing that raises the cost of hiring people but also government regulations that push up the costs and increase the risk of lawsuits. This combination of things is making the upfront cost of capital for the machines versus the cost of people is what is driving this trend.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises