| numonex said: Improved efficiency and improved technology is fancy talk for job cuts. This will save companies on labour costs, increase production rates, increase profit margins for companies and higher return for share holders of the company. Corporate Communists are starving the people, more job losses, governments fudging the figures to support the Corporate Communists. If you are on the wrong side of the equation you are totally screwed. |
Until the shovel was invented it took 10 men with their bare hands and crude tools to dig the same hole as quickly as 1 person with a shovel could, and until the back-hoe was invented it took 1000 men with shovels to dig the same hole as quickly as a back-hoe can. Did the thousands of back-hoes in the United States make 99% of the population unemployed, or did they free 99% of the population from wasting their time digging holes with their bare hands and crude tools?
Since the beginning of the industrial revolution there has been a fairly steady rate of people’s jobs becoming obsolete as machines are developed which can do far more work at a lower cost. While this produces a fairly stable percentage of the population who is unemployed and needs to transition to a new career, there is very little evidence to suggest that anyone is unemployed long term because of productivity gains.
