Robots Help Manufacturing Recover Without Adding Jobs
kkleiner writes "For the last 30 years, automation has enabled U.S. manufacturing output to increase and lift profits without having to add any traditional jobs. Now, in the last decade, nearly a third of manufacturing jobs are gone. As manufacturing goes the way of agriculture, the job market must shift into new types of work lest mass technological unemployment and civil unrest overtake these beneficial gains."
Isn't this good news? Back in the 1970s we were all promised that increased automation would lead to us all needing to do less work, and having increased leisure time. It all seemed like a rosy future at the time. The only problem seems to be that the owners of the robots don't want to share the benefits. If they don't share then they deserve the unrest they get.
Korma: Good
Was the last century a fluke where a large middle class had power, which will soon revert to the more common system in human history where a tiny few live in splendor and the rest live under their heel?
Probably. When capitalism functions as designed, the price of labor drops to just above survival level. This is the "iron law of wages", and held for most of history. For much of the 20th century, in the developed world, it was different. When productivity went up, so did wages. That was driven by two factors - unions, and fear of communism.
Nobody has taken communism seriously in decades, even the remaining communists. But from the 1930s to the 1970s, it was seen as a serious threat to capitalism. In the 1930s, during the Great Depression, capitalism failed, while communism in the USSR was on the way up. There was real fear that communism might win economically. Fear of nationalization forced companies to increase wages and treat their workers better.
When the USSR started building atomic bombs, space satellites, and ICBMs, there was fear in the US that the USSR might pull ahead in technology. This fear drove the "space race", and is why the US set up NASA and funded the space program so heavily.
This all ended in the 1970s. The best year ever for blue collar workers in the US was 1973. The USSR no longer seemed to be an economic threat. So things gradually went back to normal, and real wages in the US went down for several decades thereafter.
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - Orwell.