Report Card for Donald Trump

[David Horn]

(12-30-2016, 05:44 PM)SomeGuy Wrote:

Quote:A big reason the Rust Belt is hurting so much is that the good-paying jobs are simply no longer there for folks who are on the shorter end of the stick intellectually, and one of the big issues with the Obama Recovery is that most of the new jobs were lower-pay service industry jobs that did not not pay as much as the old jobs. We are already seeing the process I'm talking about beginning to unfold now, this is WHY it's getting talked about in progressive circles. Hell, even some on the Right like the idea of a Universal Basic Income, because they see what's coming.

I am aware that the Rust Belt is hurting (hence the name), indeed, most of the country outside a few metro areas is in a slow-motion state of collapse.  It does not follow from there that automation is the sole cause of this, and that this automation will inevitably eliminate all jobs in the near future, and that therefore there is no reason to rethink past policies or make the least effort to accommodate the concerns raised so prominently in the past election.

I do understand why it is comfortable for shocked yuppies to think so, though.

I'm retired, so this has a minimal impact on me personally, but it also seems axiomatic that continuous productivity improvements coupled with  Moore's Law technology improvements will translate at some point into a virtually zero cost of production environment.  Why would people be employed in that case, unless there is some heavy-handed mandate from government to do so? 

I'm not claiming we're there yet or even close.  Yet the horizon is not infinite, and trends are not abating.