05-19-2016, 10:25 PM
We will probably see people working longer into elderhood. Retirement isn't what it is cracked up to be.
The big problem for an economy will be a shortage of young adults to work cheaply. Maybe automation will solve that. I can imagine the Automat getting a revival as the kids who do fast-food counter work are no longer around in adequate quantities. Maybe the work might as easily be done by people of low intelligence as by smart teenagers (who have the bonus of physicality on the job).
Let's look at the good side. Unemployment will be lower. There won't be as much cheap labor. Crime, heavily a youth phenomenon, will be far lower. Older workers are generally more cautious, so there will be fewer industrial accidents (until one starts having people pst 75 in the workplace).
The big problem for an economy will be a shortage of young adults to work cheaply. Maybe automation will solve that. I can imagine the Automat getting a revival as the kids who do fast-food counter work are no longer around in adequate quantities. Maybe the work might as easily be done by people of low intelligence as by smart teenagers (who have the bonus of physicality on the job).
Let's look at the good side. Unemployment will be lower. There won't be as much cheap labor. Crime, heavily a youth phenomenon, will be far lower. Older workers are generally more cautious, so there will be fewer industrial accidents (until one starts having people pst 75 in the workplace).
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.