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Unemployment

Mimshot
Posts: 275
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3/13/2012 1:47:22 AM
Posted: 4 years ago
I think most of the conversation about unemployment has it backwards. People tend to talk about sending jobs overseas or technology putting people out of work. This whole line of talk seems = backwards to me.

Labor is the resource: workers are its supply, and industry is the demand for it. The work force represents the capacity to produce (invent, service, etc.) things within a national economy, just like the machines in a factory represent the capacity to produce things in a factory. Just like leaving 8% of a factory's machines sitting idles is unmitgated waste, unemployment is waste.

China can't make Americans incapable of doing something, it can just do something for them. Just like a maid means your wife doesn't have to vacuum anymore, China making socks means we don't have t make socks anymore. The people who were making socks are now free to make televisions, or design the next generation of computers, or cancer drugs, etc. If we, as a society, can't figure out how to utilize people who no longer need to do what they did before, then that is entirely a domestic policy failure, and is plain wasteful even before we consider the social costs of unemployment.
Mimshot: I support the 1956 Republican platform
DDMx: So, you're a socialist?
Mimshot: Yes
FREEDO
Posts: 21,057
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3/13/2012 2:40:34 AM
Posted: 4 years ago
I also think the talk is backwards but not in that way. Much of the progress in technology is the mitigation of human work. There should be 100% unemployment!
GRAND POOBAH OF DDO

fnord
Mimshot
Posts: 275
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3/13/2012 8:19:28 AM
Posted: 4 years ago
When that happens the Utopia has arrived. There is no longer anything anyone wants but doesn't have.
Mimshot: I support the 1956 Republican platform
DDMx: So, you're a socialist?
Mimshot: Yes
FREEDO
Posts: 21,057
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3/13/2012 6:41:41 PM
Posted: 4 years ago
At 3/13/2012 8:19:28 AM, Mimshot wrote:
When that happens the Utopia has arrived. There is no longer anything anyone wants but doesn't have.

And that is the day I become a terrorist.
GRAND POOBAH OF DDO

fnord
16kadams
Posts: 10,497
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3/13/2012 6:55:17 PM
Posted: 4 years ago
At 3/13/2012 6:41:41 PM, FREEDO wrote:
At 3/13/2012 8:19:28 AM, Mimshot wrote:
When that happens the Utopia has arrived. There is no longer anything anyone wants but doesn't have.

And that is the day I become a terrorist.

lol
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"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross