Pyro as Bill said:
konnichiwa said:
Go ask it to those 5 million people who lost their jobs in the industry thanks to automation.
The first one is the newest one but I am not sure people can see the graph so posted a slightly older one aswell.
Around the 2000 is when automation in software started to become a thing aswell and since then even when we have 8 years of economic growth the economic participation rate is hardly going up (last newest job report stated that it was still stable but at the same time the unemployment number went up).
Economic growth is coming less from the need of new workforce => but of investments in automation/Software.
We are lucky because we are living in well developped nations but globably the unemployment numbers are rising fast thanks to automation/software and most interesting part is that those invesments are still overall very expensive but because of so many new companies working on new automation/software we could see those prices going down fast in the next couple of years and making it for companies more feasible to invest in them.
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Totally automations fault. That cliff edge in 07/08 has nothing to do with the financial collapse.
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Not really, their is a stabilisation in 70's/80's/90's after it always went up. the financial collapse was 10 years ago and we still are so much lower.
All I am saying is not coming from socialist sources in contrary, in 2009 democrats/replubicans alike were saying that the participation rate will go up and automation will do nothing harmfull wise but they were wrong. Also I never posted that we needed an universal basic income but we need to discuss about what we can do in an what if scenario.
I only see the facts. We are not in a recession for multiple years 5-7 years? and normally the participation rate would go up but it didn't so what's going to happen in the next recession?
