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Digital Revolution Will Kill Jobs, Inflame Social Unrest, Says Gartner

dcblogs writes "Gartner says new technologies are decreasing jobs. In the industrial revolution — and revolutions since — there was an invigoration of jobs. For instance, assembly lines for cars led to a vast infrastructure that could support mass production giving rise to everything from car dealers to road building and utility expansion into new suburban areas. But the "digital industrial revolution" is not following the same path. "What we're seeing is a decline in the overall number of people required to do a job," said Daryl Plummer, a Gartner analyst at the research firm's Symposium ITxpo. Plummer points to a company like Kodak, which once employed 130,000, versus Instagram's 13. The analyst believes social unrest movements, similar to Occupy Wall Street, will emerge again by 2014 as the job creation problem deepens." Isn't "decline in the overall number of people required to do a job" precisely what assembly lines effect, even if some job categories as a result require fewer humans? We recently posted a contrary analysis arguing that the Luddites are wrong.

754 comments

  1. Umm... by Anonymous Coward · · Score: 5, Funny

    Jobs is already dead...

    1. Re:Umm... by bessie · · Score: 1

      I thought Jobs is On The Way! So... take off your shoes... FOR INDUSTRY!

    2. Re:Umm... by Anonymous Coward · · Score: 0

      Shoes for industry, shoes for the dead, comrade.

    3. Re:Umm... by Anonymous Coward · · Score: 0

      You mean the resurrection hasn't happened yet? Apple fans are still looking for news reports of Steve Jobs being seen on the road to Emmaus.

    4. Re:Umm... by mwehle · · Score: 1

      precisely what assembly lines effect, even if

      AFFECT, damned

      (grammar nazis ftw)

      Well, no, actually. In this case the poster really does mean effect, as in bring into being, rather than affect, or alter.

      --
      Wir sind geboren, um frei zu sein - Rio Reiser
    5. Re:Umm... by mcgrew · · Score: 5, Informative

      You're correct; that verb was used correctly, although the verb "effect" usually isn't. "I'm going to affect this car by hitting it with a hammer, and I'm going to effect a dent." Hitting it is affecting it, the dent is the effect.

      If you said "I'm going to effect this car by hitting it with a hammer" you would be saying the car was the effect of the hammer's blow, which would be absurd.

    6. Re:Umm... by marcello_dl · · Score: 4, Funny

      Jobs is already dead...

      AC, please, He's just living different.

      --
      ---- MISSING MISCELLANEOUS DATA SEGMENT --- [sigdash] trolololol
    7. Re:Umm... by lesincompetent · · Score: 1

      AC, please, He's just living different.

      Differently.
      Goddamn hipsters...

    8. Re:Umm... by slinches · · Score: 1
      --
      Knowledge Brings Fear
    9. Re:Umm... by aminorex · · Score: 1

      lately he's been on the road away from a mouse, towards a touch screen.

      --
      -I like my women like I like my tea: green-
    10. Re:Umm... by marcello_dl · · Score: 1
      --
      ---- MISSING MISCELLANEOUS DATA SEGMENT --- [sigdash] trolololol
    11. Re:Umm... by dj245 · · Score: 1

      Jobs is already dead...

      AC, please, He's just living different.

      Not just living different, but celebrating 2 years cancer free!

      --
      Even those who arrange and design shrubberies are under considerable economic stress at this period in history.
    12. Re:Umm... by bessie · · Score: 1

      So you see, Mudhead, it's like the Pooper said - with counter subversive
      educational priorities the way they are, well, it really helps our side to
      re-enlist.

    13. Re:Umm... by K.+S.+Kyosuke · · Score: 1

      Jobs is already dead...

      And suspiciously, his death and the digital revolution exhibit a significant temporal overlap!

      --
      Ezekiel 23:20
    14. Re:Umm... by lesincompetent · · Score: 1

      Can't take the hipsterness out of it though!

    15. Re:Umm... by sharknado · · Score: 1

      Jobs is already dead...

      You sure? I think he might be chilling with Elvis on a ranch somewhere in Texas or Nevada.

    16. Re:Umm... by Anonymous Coward · · Score: 0

      amen my brother!

      technology has been KILLING humans since long before we were all born.....

      recordings, thank you thomas edison, have KILLED the live music industry... if you are a person that eats food thanks to the money youR instrument USED TO MAKE before recordings killed music (recordings are at best a portrait of music... music is a live interaction between an audience and the performer, one step away from prayer.) you eat less food, date less women, find fewer possiblities for marriage, children, companionship, etc, cause you are poor, being unloved you die sooner, i can go on and on and on...

    17. Re:Umm... by PRMan · · Score: 1

      Hotter than ever?

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    18. Re:Umm... by Anonymous Coward · · Score: 0

      The 5 year plan for mourning is still going on in communist societies.

    19. Re:Umm... by minyard · · Score: 1

      let's go ahead and make effect a verb since there is a difference between effect and affect as nouns...

    20. Re:Umm... by iMactheKnife · · Score: 1

      That was Upper Class Jobs. Lower class jobs are alive, but moribund

    21. Re:Umm... by Anonymous Coward · · Score: 0

      Instead of more jobs, we need less schizophrenics aka luddites.

  2. Wages as share of GDP dropping since 1972 by WillAdams · · Score: 5, Insightful

    Yet stock market valuations increase, concentrating wealth in a lucky few.

    Why can't companies pay better wages?

    Wal-Mart increasing their wages to $12/hr. would increase their average item price by 1.1% --- perhaps then their workers could occasionally afford to shop somewhere else, or eat out at somewhere other than McDonald's.

    --
    Sphinx of black quartz, judge my vow.
    1. Re:Wages as share of GDP dropping since 1972 by gandhi_2 · · Score: 4, Insightful

      You can afford to pay $12 for a box of cereal. Be honest. You could do it.

      Why don't you?

      Labor is a market, just like any market. The work that unskilled people do in a non-skill-requiring job is worth a certain amount. That dollar amount is the intersection of [whatever a company is willing to pay] and [whatever those people are willing to work for].

      You can start a company, pay people whatever you think is fair. That is your right.

    2. Re:Wages as share of GDP dropping since 1972 by Ralph+Wiggam · · Score: 4, Insightful

      Why can't companies pay better wages?

      Because labor is subject to the same fundamental laws of supply and demand as any other resource. The pool of unskilled labor has a whole lot of supply.

    3. Re:Wages as share of GDP dropping since 1972 by ShanghaiBill · · Score: 4, Interesting

      Wal-Mart increasing their wages to $12/hr. would increase their average item price by 1.1%

      Walmart's profit margin is 3.61%. So 1.1% would be about 30% of their earnings. If they could increase earnings by "just raising prices", they would have already done so.

      If Walmart increased their wages to $12/hour, that would not help their current workers, because for $12/hour they would hire different people. My local Walmart has two employees in wheelchairs, and another employee that obviously has Down's Syndrome. You won't likely see either in shops that pay higher wages. Walmart hires people on the bottom rung, that would likely otherwise be unemployed.

    4. Re:Wages as share of GDP dropping since 1972 by Zantac69 · · Score: 1

      I guess the only solution is to decrease GDP, right?

      --
      1331461 is only semiprime *sigh* Alas - I am just short of 1337.
    5. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Wal-mart has an average wage of over $13/hr. Why would you want them to "increase" it to $12?

      Costco OTOH has an average hourly wage of $20, but they pay for this with annual membership fees of $55 for their 75m customers. This means their 174,000 employees effectively get $11.50/hr extra - which is directly paid for by anyone wanting to shop there.
      75,000,000 * 55 / 174,000 = $23,706.89

      Would you support Wal-Mart raising their wages $10/hr, but requiring all customers pay $55/yr for the privilege to shop? Do you think that $55 might discourage a lot of shoppers and prevent a lot of low income people from even being able to visit WalMart? The poor get the most benefit from Wal-Marts low prices, so why would we want to raise barriers preventing them from getting the best value for the few dollars? Perhaps you think we could just roll that $55 into the prices they pay, but this has the same net effect - the poor pay to raise others standard of living.

      Why do so many people have a hard time with economics of artificial price/wage controls... It helps a few, while hurting many more among the poorest. The poverty rate in America was declining steadily until the creation of "great society" programs in the 60's. Since then, it went flat, then started to increase as more and more programs were created. We aren't helping the poor, we are creating more of them.

    6. Re:Wages as share of GDP dropping since 1972 by h4rr4r · · Score: 3, Informative

      Those people are likely not paid a normal wage. One of the scams surrounding the disabled is to calculate what you should pay them vs another employee by having a ringer perform a task then letting them do it. You can then say since your ringer can do X operations in Y time and it takes this worker 5 times as long you can pay them 1/5th as much. Even if they are only really performing half as much work as your normal employee.

    7. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      Why can't companies pay better wages?

      Because labor is subject to the same fundamental laws of supply and demand as any other resource. The pool of unskilled labor has a whole lot of supply.

      So just redistribute the excess unskilled labor supply to the automated production of Soylent Green. Problem solved. The rich are going to feed off of us one way or another.

    8. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      A couple problems with your logic.

      1) The quote is suggesting increasing the cost of goods by 1.1% to offset higher wages. I'm not sure how you think that would translate into a 30% loss of their earnings, but if the cost of goods increase does offset the salery increase, the loss of earnings would be negligable.

      2) People with special needs are typically not paid minimum wage, and would likely not see a pay hike to $12 an hour. And no, most of their employees are not special needs...

    9. Re:Wages as share of GDP dropping since 1972 by P-niiice · · Score: 2, Interesting

      Lower profits and CEO pay, unless you feel that there's no limit to how low workers should be paid. Rising prices isn't the only answer.

    10. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      That or the Iron Law of Wages.

      Probably one of those things.

    11. Re:Wages as share of GDP dropping since 1972 by fuzzyfuzzyfungus · · Score: 2, Insightful

      Why can't companies pay better wages?

      Because labor is subject to the same fundamental laws of supply and demand as any other resource. The pool of unskilled labor has a whole lot of supply.

      Even more fun, if labor is, in fact, subject to the fundamental laws of supply and demand, it should (in a free market environment) achieve an equilibrium price equal to its marginal cost of production. Good thing that subsistence-level existence isn't horrible or anything.

      And, none of this exclusively applies to the unskilled (though, obviously, the marginal cost of production of a college-educated worker is a lot higher, so such workers must earn more in absolute terms in order for their price to be equal to their marginal cost of production). The only people not predicted by 'the fundamental laws of supply and demand' to be reduced to subsistence are those who don't existing in a free market condition (eg. unionized labor, or workers in a category with a certifying association that constrains supply, like doctors and lawyers, or groups like investment bankers whose regulatory capture renders them partially immune to market forces) or who are (by luck or judgement) in possession of skills that face a sudden uptick in demand, allowing them to reap profits during the time it takes to ramp up supply. In gold rushes and oil boomtowns and things, this can even be unskilled labor; but it will more usually be specialists of one sort or another.

      So long as labor is a commodity, only deviations from free-market conditions or being on the lucky side of shifts in demand that occur faster than supply can compensate keep anyone ahead of breaking even. Depending on how much it costs to stamp out a given set of skills, the 'break-even' paycheck might be higher or lower; but that'll be a function of educational debt and opportunity cost, not absolute wellbeing.

    12. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      The key to supply and demand is ownership. Owning things is not a particularly unique skill.

    13. Re:Wages as share of GDP dropping since 1972 by jareth-0205 · · Score: 4, Insightful

      You can start a company, pay people whatever you think is fair. That is your right.

      For someone with the username containing 'gandhi' you show a surprising lack of concern for civil rights.

      The very central premise of capitalism is that in most cases *you can't start a business*. Technically of course you have the freedom to, and if you're in the right place with the right new idea you could do quite well, but capitalism thrives off economies of scale, and economies of scale mean that your little business is at a huge disadvantage to the incumbents. At some point we need a cut-off to prevent people from being abused.

    14. Re:Wages as share of GDP dropping since 1972 by WillAdams · · Score: 1

      My apologies, that should have read, ``increase the minimum wage which they pay to $12.00/hr. from the various minimum wages which they pay.''

      --
      Sphinx of black quartz, judge my vow.
    15. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      "Because labor is subject to the same fundamental laws of supply and demand as any other resource."

      This is incorrect, since the way the market is organized and the rules it operates by are enforced with men with guns. The market is a legal fiction. Aka a customary practice of a certain group of human beings.

    16. Re:Wages as share of GDP dropping since 1972 by NoNonAlphaCharsHere · · Score: 4, Interesting

      OK, you win the Specious Award for today. Wal-Mart hires people on the bottom rung because they can get away with paying them the least. By concentrating on price, only on price, coupled with astronomical volumes, and their arm-twisting style, Wal-Mart has started the whole world on the race to the bottom. It's not just the jobs of the local store employees, it's also all the jobs of all of Wal-Mart's SUPPLIERS. They've driven down the labor costs (read wages) of everyone in their supply chain. Only suppliers large enough, and willing to be every bit as evil are able to supply their voracious needs. They've driven every mom-and-pop store in every town out of business. That's an awful lot of accountants and shelf-stockers and cashiers and managers spread out over a lot of small stores who are "redundant" at a large regional Wal-Mart. Now they're trying to do it to all the grocery stores.

    17. Re:Wages as share of GDP dropping since 1972 by lgw · · Score: 4, Insightful

      . Good thing that subsistence-level existence isn't horrible or anything.

      If you have a job in America (or two, for 60 hours a week of technically-not-full-time work, like I and everyone I knew worked in our 20s) you live better that 95% of people who have ever lived. Check out parts of the world where "subsistence living" still actually happens and adjust to reality.

      The simple fact is, people want to be paid a bit better than their neighbors, and don't really compare their standard of living to most of history, or most of the world.

      I don't care what economic system you embrace, you will never achieve a result of each person making a little bit more than average. Real life doesn't give "participation trophies", sorry about that.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    18. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      You're obscuring the point. There are 12 cookies and one person grabs 8 of them. You are saying "Hey! No one is stopping you from sharing those 4 however you want!" Even the "Not a zero sum" people are just playing the obfuscation game. Sure, 12 more cookies could be made, but the same guy will still grab 8 of those. Capitalism is inherently biased towards those who were already rich. There must be a mechanism to reverse that bias. 60 years ago that mechanism was progressive taxation and regulations on the powerful. And guess what the Republicans have been trying so hard to destroy?

    19. Re:Wages as share of GDP dropping since 1972 by next_ghost · · Score: 1

      The market is a legal fiction. Aka a customary practice of a certain group of human beings.

      Makes no difference.

    20. Re:Wages as share of GDP dropping since 1972 by lgw · · Score: 3, Insightful

      So, you're saying wages shouldn't be set by market pressures, but by some Central Committee, perhaps according to a Five Year Plan? History suggests that you're ignorant of history, if that's what you're suggesting.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    21. Re:Wages as share of GDP dropping since 1972 by Ralph+Wiggam · · Score: 1

      Your post is based on the premise that any person is capable of doing any job if given sufficient training. That is clearly not true.

    22. Re:Wages as share of GDP dropping since 1972 by gandhi_2 · · Score: 2, Insightful

      If a CEO gets the owner one million dollars per day, the owner can afford to pay that CEO $999,999 per day and still pocket $1 a day. It's not your business. The owner can decide if the CEO is worth it. The CEO can decide if the pay is worth it.

      Employees are free to sell their labor elsewhere. They have the right to order their affairs and sell their time as they see fit, finding the most advantageous deal they can. The employer can decide if the labor provided is worth it. The employee can decide if the pay is worth it.

      Uh oh. I see the problem. Where does the 3rd party fit in? Some other person, like a government bureaucrat, intellectual elitist who doesn't actually do work for money, or politician pandering for popular votes... where can that person inject their bullshit in this scenario. A problem indeed!

    23. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      So, you're saying wages shouldn't be set by market pressures, but by some Central Committee, perhaps according to a Five Year Plan?

      Strawman arguments are lies.

    24. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      CEO pay is also subject to market forces. If you lower CEO pay, then it will be harder to hire a qualified person. A less qualified CEO means the company will be run less efficiently leading to a less competitive company which will eventually lead to bankruptcy and everyone in the company will lose their job.

      As to lowing profits - lower profits means less business expansion (fewer new jobs) and less money for innovation to stay competitive. If a company can't stay competitive, it will go out of business and everyone in the company will lose their job.

      Please learn about basic economic concepts before you spout Marxist inspired nonsense about how horribly low-skilled workers are treated and about the unfairness of pay disparities.

    25. Re:Wages as share of GDP dropping since 1972 by Ralph+Wiggam · · Score: 1

      Knowing how to own the right things at the right time definitely is a valuable skill.

    26. Re:Wages as share of GDP dropping since 1972 by Obfuscant · · Score: 1

      Yet stock market valuations increase, concentrating wealth in a lucky few.

      If by "very few" you mean "a very very large number of people who's retirement plans include stock funds", I'd agree. Let's concentrate the wealth in everyone's retirement plans.

    27. Re:Wages as share of GDP dropping since 1972 by Samantha+Wright · · Score: 4, Funny

      The best part about Five Year Plans is that, like other strawman arguments, if they fail you can always make up another one.

      --
      Bio questions? Ask me to start a Q&A journal. Computer analogies available for most topics!
    28. Re:Wages as share of GDP dropping since 1972 by Obfuscant · · Score: 1

      My bad. If by "lucky few" you mean ...

    29. Re:Wages as share of GDP dropping since 1972 by interkin3tic · · Score: 1

      I disagree with putting that into the category of "right."

      (Opinion) People are born with rights, rights can't (shouldn't anyway) be changed by law. Dictating wages by law is okay in theory. You aren't born with a God-given right to pay your workers slave wages in the way that you are born with the right to free speech. Society benefits from your right to free speech as a general rule, society does not benefit necessarily from your right to pay however little you want to.(/opinion)

    30. Re:Wages as share of GDP dropping since 1972 by mcgrew · · Score: 3, Insightful

      Damn it, why should someone with a debilitating handicap like that HAVE to work?

    31. Re:Wages as share of GDP dropping since 1972 by phantomfive · · Score: 3, Insightful

      In capitalism (following the ideas of Adam Smith and David Ricardo), you build your advantage where you have a competitive advantage. That's why we still have things like microbreweries and corner liquor stores.

      --
      "First they came for the slanderers and i said nothing."
    32. Re:Wages as share of GDP dropping since 1972 by phantomfive · · Score: 1

      Which is why French teachers don't get paid very much. Just not enough demand.

      --
      "First they came for the slanderers and i said nothing."
    33. Re:Wages as share of GDP dropping since 1972 by JonnyCalcutta · · Score: 5, Insightful

      "The employee can decide if the pay is worth it."

      Its lucky that the job market is infinitely flexible and everyone can pick and choose exactly what job they do, when they do it and how much they get paid for it.

    34. Re:Wages as share of GDP dropping since 1972 by next_ghost · · Score: 1

      And, none of this exclusively applies to the unskilled (though, obviously, the marginal cost of production of a college-educated worker is a lot higher, so such workers must earn more in absolute terms in order for their price to be equal to their marginal cost of production).

      When fresh graduates start with huge debt, the end result is precisely the opposite. The debt forces them to accept even jobs where they'll be grossly underpaid. After all, why would the employers care about debts of their employees?

    35. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      It's the same way with collective bargaining, party politics, nation states, and treaty organizations. I know, let's ban all pooling of resources and all strategic collaboration since it really disadvantages the Individual...

    36. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      The very central premise of capitalism is that in most cases *you can't start a business*.

      No, the central premise is that vigorous protection of private property rights leads to more efficient use of capital which in turn leads to a wealthier, more content and more just society.

      In contrast, the central premise of socialism is that most private property should be confiscated by a central authority which will use that property to create a better society.

      The last 100 years clearly shows which premise is more valid. The fundamental problem is that there is no mechanism under socialism which ensures that the people who control the confiscated property will efficiently use it to create a better society. Incompetence, corruption and malfeasance are unavoidable problems which are built into socialism. At least under capitalism, market forces correct for those problems in the long run.

    37. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Walmart hires people with disabilities because they get tax credits for doing so.

    38. Re:Wages as share of GDP dropping since 1972 by liamevo · · Score: 4, Funny

      Sshhhh! Don't let reality affect your ideology!

    39. Re:Wages as share of GDP dropping since 1972 by babymac · · Score: 4, Insightful

      Ah yes, the old Liberty of Contract argument. That's the thing about Libertarians - they never learn anything from history.

      --
      "War makes me sad." - Me
    40. Re:Wages as share of GDP dropping since 1972 by Wycliffe · · Score: 1, Interesting

      >
      > in most cases *you can't start a business*
      >

      Where do you live? In the US you certainly CAN start a business.
      My dad and several of his siblings, my mom's dad, and a host of other people
      I personally know started with NOTHING and are now successful business owners.
      Yes, it takes time and sometimes the ability to save but starting a business is not
      hard. I get annoyed when the media talks about companies or the government
      needing to create jobs. If you go out and create a job for yourself not only will your
      livelyhood not be dependent on the whims on your employer but you'll probably
      be happier too. I have dozens of friends and relatives that work for themself and
      would never go back to working for someone else.

    41. Re:Wages as share of GDP dropping since 1972 by seven+of+five · · Score: 4, Insightful

      Employees are free to sell their labor elsewhere. They have the right to order their affairs and sell their time as they see fit, finding the most advantageous deal they can. The employer can decide if the labor provided is worth it. The employee can decide if the pay is worth it.

      In some magic fairyland, maybe. But when you're on your 200th interview for a 20-percent-pay-cut job and prospects aren't so rosy, what then?

    42. Re:Wages as share of GDP dropping since 1972 by NoImNotNineVolt · · Score: 1

      So you're saying that Walmart could easily afford to increase their employees' wages to $12/hr without even raising prices on their products?

      --
      Chuuch. Preach. Tabernacle.
    43. Re:Wages as share of GDP dropping since 1972 by geoskd · · Score: 5, Insightful

      If a CEO gets the owner one million dollars per day, the owner can afford to pay that CEO $999,999 per day and still pocket $1 a day. It's not your business. The owner can decide if the CEO is worth it. The CEO can decide if the pay is worth it.

      Employees are free to sell their labor elsewhere. They have the right to order their affairs and sell their time as they see fit, finding the most advantageous deal they can. The employer can decide if the labor provided is worth it. The employee can decide if the pay is worth it.

      Uh oh. I see the problem. Where does the 3rd party fit in? Some other person, like a government bureaucrat, intellectual elitist who doesn't actually do work for money, or politician pandering for popular votes... where can that person inject their bullshit in this scenario. A problem indeed!

      What happens when the majority of economic activity requires no workers at all? Then the owner gets a pile of profits, pays no workers at all, and only owners can afford anything because everyone else is unemployed and unemployable...

      Capitalism is inherently flawed just like any other economic system. The underlying set of assumptions for capitalism has been reasonable so far, but it will not remain so. Capitalism will fail for the same reason that communism fell. Both systems make fundamental assumptions about the nature of economy, and both sets of assumptions are not always true.

      --
      I wish I had a good sig, but all the good ones are copyrighted
    44. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      And it's exactly the same thing why we still have things like Wal-Mart: their competitive advantage is that their size allows them to profit from economies of scale. And that advantage is usually a much bigger advantage over the advantages that microbreweries and corner liquor stores have: it allows them to offer goods at lower prices and (in case of Amazon) affordable and flexible pick up and return services.

      This advantage (especially the lower prices) is the reason why on a large (decades) scale, there are on average less and less microbreweries and corner liquor stores.

    45. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Damn it, why should someone with a debilitating handicap like that HAVE to work?

      Supply and demand. Corporations and capitalists supply low-quality jobs and demand the infirm and desperate work them.

    46. Re:Wages as share of GDP dropping since 1972 by AvitarX · · Score: 1

      I bet it improves their quality of life to have some work to do, and be a member of society.

      --
      Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
    47. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      willing to be every bit as evil

      I love the "evil" of Wal-Mart. I am able to purchase a wide variety of goods at very good prices. Judging by Wal-Mart's success, a huge number of consumers agree with me. Many suppliers have done very well using a single very large retail firm to sell their products. Most of the employees in the mom and pop stores are able to get jobs at Wal-Mart. Wal-Mart also provides many jobs, particularly in IT, that simply don't exist in mom and pop shops.

      Wal-Mart has started the whole world on the race to the bottom.

      Toro poo-poo. The Information Age has created enormous opportunities for increases in productivity and efficiency which has lead to dramatic increases in the standard of living for huge numbers of people around the world. Demonizing a particularly adept user of new efficiencies won't change the overall trend. If you want to demonize anyone, go after the people who created the welfare state. Paying for the welfare state has provided the justification for raising corporate taxes, which, when combined with ever more onerous regulations, has driven jobs overseas.

    48. Re:Wages as share of GDP dropping since 1972 by thoth · · Score: 3, Insightful

      Labor is a market, just like any market. The work that unskilled people do in a non-skill-requiring job is worth a certain amount. That dollar amount is the intersection of [whatever a company is willing to pay] and [whatever those people are willing to work for].

      You can start a company, pay people whatever you think is fair. That is your right.

      What about the unacknowledged subsidy to the employer? They pay unlivable wages and brush off the cost of that (their savings from paying lower wages) onto society when said employees need to get healthcare and food assistance.

    49. Re:Wages as share of GDP dropping since 1972 by ewibble · · Score: 2

      Well its not the intended part solution, but what is wrong with a decreasing GDP, far too often get caught up in optimizing a metric as opposed real goal.

      Isn't the real goal that we more people live happier longer lives? not that we have a few people at the top being ultra rich, while every body else struggles to survive.

      In fact it seems that GDP has very little bearing on quality of life measures, equality does, it even improves those measures for the rich.
      http://www.ted.com/talks/richard_wilkinson.html

      We have reached the level that GDP, that we can produce enough for everyone to survive comfortably, and it no longer needs to be our main goal to endlessly increase production of goods we don't need.

      It seems strange that when things can be made more efficiently we get more people in poverty, shouldn't everybody be better of? If the current system cannot distribute resources, then the system needs to change.

      I am not suggesting communism, I think effort, skill, risk, needs to be rewarded but there must be a limit, and fairness to this reward.

    50. Re:Wages as share of GDP dropping since 1972 by Vaphell · · Score: 1

      There are also negative effects to the scale past some optimal point and i'd argue many incumbent companies are already there.
      http://upload.wikimedia.org/wikipedia/commons/thumb/3/38/Economies_of_scale.PNG/330px-Economies_of_scale.PNG
      Big companies require more levels of hierarchy which means more loss of information and more delay when data and orders travel back and forth between the lowest and the highest one. Small player being closer to the customers can recognize an untapped niche that will go entirely unnoticed by big players, or maybe considered too small to bother. Also huge companies are like Titanic, too clumsy and too inert to avoid hitting the iceberg.
      And look at nature, there are big animals and there are small ones. And when there is a huge shift in conditions, it's the big ones that are more likely to go the way of the dinosaurs.

    51. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      Heck I just wish Congress could come up with a one year plan to pay the Federal Government's bills....

    52. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      In contrast, the central premise of socialism is that most private property should be confiscated by a central authority which will use that property to create a better society.

      Go back to school... the central premise of socialism is that the government (the people, collective, whatever you call it) owns the means of production. Which, despite right-wing cries of distress, has not happened AT ALL under Obama.

    53. Re:Wages as share of GDP dropping since 1972 by wagnerrp · · Score: 2

      Perhaps those fresh graduates shouldn't have spent $100K on a low-paying career path. Poor life choices are ones own fault.

    54. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      there are on average less and less microbreweries and corner liquor stores.

      Except that there are MORE microbreweries than a decade ago. But don't let reality get in the way...

    55. Re:Wages as share of GDP dropping since 1972 by fuzzyfuzzyfungus · · Score: 2

      "if labor is, in fact, subject to the fundamental laws of supply and demand, it should (in a free market environment) achieve an equilibrium price equal to its marginal cost of production"

      Did you notice the two (big) conditions I started out with? If labor is not in fact subject to these 'fundamental laws' in the way that commodities are, or it is not priced in a free market environment, or both, then it may well achieve some other equilibrium price.

      The post above mine simply asserted that it was subject to those 'laws', and so I noted the implications if it is, in fact, so subject.

      Based on the fact that there are still nontrivial pockets of labor that haven't been thoroughly helotized, it seems fairly clear that other factors are at work in the labor market, either because labor is a commodity; but one whose pricing occurs under conditions different from those of a free market, or because it is not, in fact, a commodity like other commodities, or both.

    56. Re:Wages as share of GDP dropping since 1972 by SuricouRaven · · Score: 1

      It also takes luck, and risk. Starting a business can be the path to great fortune - or to bankruptcy.

    57. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      OK, you win the Specious Award for today. Wal-Mart hires people on the bottom rung because they can get away with paying them the least.

      Even at $11 an hour, I'm betting Walmart doesn't have to hire people in wheelchairs or with Down's Syndrome. I'm betting there are plenty of completely healthy, fully functional people willing to be hired at that wage.

      This post should not be taken as a general endorsement of Walmart or any other Walmart policy.

    58. Re: Wages as share of GDP dropping since 1972 by sethstorm · · Score: 1

      However, one has to contend with forces normally overcome by economies of scale when with a conventional employer. In addition, things are otherwise more stable wrt compensation/benefits/employment.

      You act as if it's a problem in not starting a business - not everyone is suited for it and that lumping the blame on workers doesnt solve the problem. It just says that you think businesses should be elevated above everyone else.

      --
      Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    59. Re:Wages as share of GDP dropping since 1972 by fuzzyfuzzyfungus · · Score: 1

      Not really. It does require that there not be people unique in their abilities; but it works just as well if you consider that a 'shift in supply' may be a matter of trivial retraining (sending the guy who sweeps the floor out to shovel snow), nontrival retraining (a prolonged apprenticeship in some technical skill, say) or the time required for enough people to be born and tested such that the person with the necessary raw talent is identified (a good math PhD, say, is almost certainly born and made; so the time to deliver one is X years of school plus some additional amount of time because most students have to be discarded as unsuitable). Such people are, of course, very well placed indeed if demand for them goes up, because generating new supply could take decades, while skills requiring less unusual innate talents can be churned out in much shorter times.

    60. Re:Wages as share of GDP dropping since 1972 by WillAffleckUW · · Score: 2

      Heck I just wish Congress could come up with a one year plan to pay the Federal Government's bills....

      Hey, it's only costing us $1.6 BILLION a DAY in US GDP ...

      --
      -- Tigger warning: This post may contain tiggers! --
    61. Re:Wages as share of GDP dropping since 1972 by SuricouRaven · · Score: 1

      There's an exception in fields where a persons worth is determined by the skill relative to others in the same profession. In those markets, simply increasing supply of workers doesn't drive wages down, because being among 'the best' is always worth higher pay - no matter how many are almost-as-good. A good example of this is sports: The top athletes make huge amounts of money, because in competition coming second place isn't worth much.

    62. Re:Wages as share of GDP dropping since 1972 by jellomizer · · Score: 5, Insightful

      Here is the problem I see it.
      1. Automation has reduced the need for unskilled labor.
      2. Lower Education K-12 is designed to produce people who is able to perform unskilled labor effectively
      3. Higher Education is designed to produce people who will go into research, and education for education purposes.
      4. Due to having an economic advantage of not being bombed to hell in WWII the US had little economic competition for 50 years, now these countries have been rebuilt with a more modern infrastructure. But we had a few generation who had a higher quality of life that is now unsustainable, and we don't have an infrastructure to make lower quality of life better. (Public Transportation, Safe Low income housing...) So the $10.00 an hour worker would have a living wage. They may not have a Car or an X-Box but a safe roof over their head and able to raise a family in safety.

      We need to fix lower education, and raise up the prestige of Vocational Training. So we are not unskilled labor, or college grads with no practical skills. The job of tomorrow need people who can be versatile and think on their feet, and adapt quickly to changes. We need to teach these skills.

      We need to redesign residential areas where the Rich and the Poor live together and we have an infrastructure to allow people to work.

      --
      If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    63. Re: Wages as share of GDP dropping since 1972 by sethstorm · · Score: 1

      Stop giving companies ways to avoid it and it fixes that problem - in the worker's favor.

      --
      Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    64. Re:Wages as share of GDP dropping since 1972 by Nadaka · · Score: 1

      That is only true in an ignorantly simple approximation of the market, assuming all players are fully informed, without deception, fully rational and possess roughly equivalent negotiating power. That approximation is about as far from reality as you can get for the low end job market.

    65. Re:Wages as share of GDP dropping since 1972 by NoNonAlphaCharsHere · · Score: 4, Insightful

      Most of the employees in the mom and pop stores are able to get jobs at Wal-Mart. Wal-Mart also provides many jobs, particularly in IT, that simply don't exist in mom and pop shops.

      So you can't do simple arithmetic? A single Wal-Mart drives dozens of stores out of business and you think that all those employees get (lower paying) jobs at Wal-Mart? And a few thousand IT employees nationwide somehow balances that?

      The "enormous opportunities for increases in productivity and efficiency" you're talking about actually DECREASE the number of jobs available, and make the remaining (or newly "created" (i.e. refactored)) both lower-skilled and lower-payed.

      Welfare state? Really? The only place in the US that a "welfare state" exists is in the fantasy Faux News alternate reality echo chamber. Anybody who even uses the term is living in delusion. You and I BOTH know that corporate and personal taxes are MUCH lower than in the 50s and 60s and that the overall economy is demonstrably worse since they have gone down. FACT: higher corporate taxes leads to reinvestment in the company, which leads to an expanding economy. Lower corporate taxes leads to wealth hoarding, which leads to a shrinking economy.

      In short, you're an idiot who needs to stop drinking Rush Limbaugh's Kool-Aid.

    66. Re: Wages as share of GDP dropping since 1972 by sethstorm · · Score: 1

      Read up on monopsony and monopsony-like forces and how they distort willingness in the job market. It's not just for the deemed-unskilled, it's for everyone that is not an employer(until they get their regulatory comeuppance).

      --
      Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    67. Re:Wages as share of GDP dropping since 1972 by fishthegeek · · Score: 1

      So according to you no businesses have been created in the last 100 years? Seriously.

      --
      load "$",8,1
    68. Re:Wages as share of GDP dropping since 1972 by pablo_max · · Score: 5, Informative

      I am genuinely curious, do you really believe this? That the worker bees are free to just go elsewhere to make more money?
      Just look into US history for labor violation. Think company store.
      It is simply a fact of life, many of those with power will take advantage of those without power. It is Human nature.
      If you want to have a functioning, peaceful society, then yes, you really need to regulate things like labor laws.

      Remember this. MOST people in the US live pay check to pay check. They CANNOT quit their job. If they lose even a week of pay, that is is the difference between eating or rent.
      I am lucky. I don't really need to worry about these things, but it wasn't always the case. And back then, it was scary. Having lived it, I firmly believe we need regulate these things.
      Of course, a big part of the problem is inflation. There is no real reason things need to get more and more expensive.
       

    69. Re:Wages as share of GDP dropping since 1972 by WillAffleckUW · · Score: 1

      CEO pay is also subject to market forces.

      Riiiight.

      I'll tell that to Ballmer who got $800 MILLION for FAILING.

      --
      -- Tigger warning: This post may contain tiggers! --
    70. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      All the big banks now have many more on-site government bureaucrats than they did five years ago. There's more than one way to control the means of production. You should probably start paying attention before spouting off on /.

    71. Re:Wages as share of GDP dropping since 1972 by WillAffleckUW · · Score: 1

      there are on average less and less microbreweries and corner liquor stores.

      Except that there are MORE microbreweries than a decade ago. But don't let reality get in the way...

      True, but most of those are in neighborhoods like mine in Fremont (Seattle) which is chock full of small distilleriies, brewers, chocolatiers, and so on.

      Conditions vary.

      --
      -- Tigger warning: This post may contain tiggers! --
    72. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Huh? So an owner needs no employees at all and makes profit. Making everyone else unemployed and unemployable? Flawed thinking there. Let me help.

      Those unemployed and unemployable could certainly become owners of their own institution and work for THEMSELVES. That is called capitalism and yes, it does work. The mindset that you have to always work for others keeps you in the slavery of "someone else needs to provide for me". EVERY individual is capable of being creative and focusing their energies on their own success. NO one owes you a leg up. Get up off your arse and decide that you want control of your own life instead of handing it over to others.

    73. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Then the unemployed create their own jobs...well the one's who have something to contribute. The others die. It's sad, but it's reality. Those people who go on to create new jobs, filling a need (that's what a job is for, filling a need) will then either fail or succeed. There is no "flaw" to this system. You assume there is a flaw because people who have no value don't get ahead.

    74. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Yes. This is why bill gates and warren Buffett are the richest men in the country. They were born into it.

      You are ignorant. Most of the wealth in this country is not generational.

    75. Re:Wages as share of GDP dropping since 1972 by MBGMorden · · Score: 1, Insightful

      You decide that what they're offering really IS what your time and skills are worth and take a job at the salary range offered?

      If you think you're worth $60k per year but you've been to "200 interviews" and none are offering more than $25k per year then the problem isn't theirs - you're overvaluing your labor. You need to either settle for what you're worth or endeavor (through school, training, etc) to make yourself worth more.

      --
      "People who think they know everything are very annoying to those of us who do."-Mark Twain
    76. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      The very central premise of capitalism is that in most cases *you can't start a business*.

      There's plenty of room on the market for new companies. Just because you're too risk-averse to step out of your "work x hours per day, get paid" comfort zone, doesn't mean you couldn't start a successful business if you actually tried.

    77. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      You fail to factor in people only have X amount to spend. Hike the price of food as much as you like, and watch the tech and media industries collapse. People will choose to eat over buying new fancy electronics, games, movies et al. And you can kiss goodbye to the auto and housing industries, bank will also suffer so there'll be very few loans available.

    78. Re:Wages as share of GDP dropping since 1972 by interval1066 · · Score: 0

      MOST people in the US live pay check to pay check.

      Not true. If we define living "paycheck to paycheck" as poverty level, that number is about 12%. Above that you need to check your claims very carefully.

      --
      Python: 'And then suddenly you have a language which says "we're all stuck with whatever the whiniest coder wants".'
    79. Re:Wages as share of GDP dropping since 1972 by aminorex · · Score: 1

      Murder for hire is also a market. Being a market does not make it clever or useful or right or desirable.

      --
      -I like my women like I like my tea: green-
    80. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      "What happens when the majority of economic activity requires no workers at all? Then the owner gets a pile of profits, pays no workers at all, and only owners can afford anything because everyone else is unemployed and unemployable..."

      There's a fallacy here: where do the owner's profits come from if not from the workers buying the goods manufactured by the owner's company? If everyone but the owner is unemployed and unable pay for products, there are no profits piling up for the owner to get. It could be argued that the owner is even worse off by laying off all of his workers because he has a variable cost (automation maintenance) that he must pay each period.

      This is the same fallacy that is used by Marxist economists, but economic growth is NOT a zero-sum game (Gains from Trade).

    81. Re:Wages as share of GDP dropping since 1972 by aminorex · · Score: 1

      +1

      --
      -I like my women like I like my tea: green-
    82. Re:Wages as share of GDP dropping since 1972 by Nemesisghost · · Score: 1

      While you are right, you over look the biggest problem in simply raising wages at the lower end of the spectrum: That wages will have to rise all across the spectrum. Why? Well, think about it. Most jobs that pay decent require one of a few things, education, skills, some egregious sacrifice, physical taxation, or knowing the right person. Usually, the more selective, demanding, or difficult it is to acquire these requirements, the higher the pay. So what happens when you raise the pay for jobs that require very little? You devaulate these requirements.

      Look at it this way. Lets say you are currently making $50k/year at a job that required you to get a 4 year degree. One day you find a job that pays the same, but has no requirements, one you could have started 4 years earlier. If you had found that job before you started your degree, would you have taken it? What about if you had seen it before you got hired, would you have settled for a $50k/year job or tried for a $75k/year? Or now that you see this job, do you still think your degree is worth the time, effort & money you put into it?

    83. Re:Wages as share of GDP dropping since 1972 by aminorex · · Score: 0

      No, the majority of individuals are not capable of creative thought or focussed, intentional actions. I fear you have been living in a bubble of privilege. Vast swaths of humanity do not have the training, the nurture, the resources, or even the genetics to survive in an information-based society. Either society bifurcates into eloi and morlocks, or we find a way to support the majority of humans as benign parasites. Hopefully in a way that does not encourage them to breed.

      --
      -I like my women like I like my tea: green-
    84. Re:Wages as share of GDP dropping since 1972 by aminorex · · Score: 4, Insightful

      There is a flaw in this system, and it is you. Survival of the fittest is a description, not a prescription.

      --
      -I like my women like I like my tea: green-
    85. Re:Wages as share of GDP dropping since 1972 by alexander_686 · · Score: 1

      Thatâ(TM)s antidotal evidence and hindsight is 20/20.

      IIRC about a 1/3 of the CEO of the S&P 500 are worth what they paid. That is they brought more value than their paycheck.

      For the other 2/3rds you can't tell.

    86. Re:Wages as share of GDP dropping since 1972 by aminorex · · Score: 3, Informative

      That's not what it means. You fail. It means that you do not have savings upon which you can live while you regroup if your paycheck is terminated. Everyone else on the planet understands what this means, so you're not fooling anyone.

      --
      -I like my women like I like my tea: green-
    87. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Learn some math. 3.61% is the profit rate after all cost including labor cost and tax. if you increase hourly labor pay rate it wouldn't take 30% or their profit also the CEO makes 13 million a year and the 6 waltons that inheriented the company own 24% of americas wealth. Look it up. they can increase pay rates.

    88. Re: Wages as share of GDP dropping since 1972 by aminorex · · Score: 1

      Most of the wealth in this country is generational. 15 descendants of Sam Walton alone have more wealth than 48% of the population combined.

      --
      -I like my women like I like my tea: green-
    89. Re:Wages as share of GDP dropping since 1972 by P-niiice · · Score: 4, Funny

      If only there was a way for employees to band together and convince employers of the importance of these issues...

    90. Re:Wages as share of GDP dropping since 1972 by DamnStupidElf · · Score: 2

      Employees are free to sell their labor elsewhere. They have the right to order their affairs and sell their time as they see fit, finding the most advantageous deal they can. The employer can decide if the labor provided is worth it. The employee can decide if the pay is worth it.

      Not only that, but consumers are free to not buy products at prices that ultimately lead to their own lowered wages.

      Uh oh, I see the problem. There is no perfect economic information and so large hierarchical entities can collude to manipulate market prices and wages because of their ability to solve the coordination problem for the actions of their independent agents more efficiently than free individuals who have trouble just avoiding the tragedy of the commons, not to mention the problems of self-governance.

      Corporations are more efficient processes for accumulating wealth. The problem is that corporations have no intrinsic terminal value for individuals, and so a society of individuals must constantly enforce its own terminal values at the expense of corporate values.

    91. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Congress has destroyed capital formation (people saving money then investing in business) through hijinky wallstreet games and pulling forward interest rates (Take out a loan at 8%, fed drops the rate in 5 years to 6%, now you refinance at 6% and you never actually pay off the coupon you just take on more debt. We're at 0% right now for the fed rate) as well as massive social welfare programs that are a complete and utter failure.

      There's a difference between arguing breadcrumbs and cake, and we're rapidly approaching the point where the rich are arguing over breadcrumbs.

    92. Re:Wages as share of GDP dropping since 1972 by Curunir_wolf · · Score: 1

      In contrast, the central premise of socialism is that most private property should be confiscated by a central authority which will use that property to create a better society.

      Go back to school... the central premise of socialism is that the government (the people, collective, whatever you call it) owns the means of production. Which, despite right-wing cries of distress, has not happened AT ALL under Obama.

      Right - it's much more like Mussolini-style fascism, where the Corporations and Government form "partnerships", often with certain corporations given monopoly or defacto monopoly control in some markets.

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    93. Re:Wages as share of GDP dropping since 1972 by dcherryholmes · · Score: 2

      Look over there! It's Elvis!

    94. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Prior to the Clinton years executive salaries above $1million were not expensible. Anything over $1M came out of corporate profits. It also used to be that the board hired the auditors and signed off on the annual report to the stockholders. They were legally accountable. Next came deductible stock options for execs.

      Concentration of wealth was once balanced by enforced demands from unions that had risen out necessity to balance the middle class against management and the ownership class. Child labor, unsafe working conditions and economic disparity imposed to support unreasonable and lavish lifestyles of the wealthy at the top of the heap led people to open revolt and socialist organization.

      Jobs didn't just move themselves overseas. The process as exacerbated by tax codes and the desire to avoid legitimate costs such as labor and environmental law. So now we delude ourselves with the pronouncement that we're better off because we lowered our carbon footprint in part because or manufacturing base has moved overseas and backwards in time.

      Yep, management bought a time machine and moved manufacuring so far back that they can avoid Labor Law, the Clean Air & Water Act, EIS requirements and the Endangered Species Act. That's how the captains of offshoring afford their gated enclaves. And it's how Wal-Mart employees became the largest single group of welfare recipients in the US.

      Welcome back from Iraq and Afghanistan, all you patriots who need jobs now that you'be helped protect the Constitution. Good Luck.

    95. Re:Wages as share of GDP dropping since 1972 by tlambert · · Score: 2

      And it's exactly the same thing why we still have things like Wal-Mart: their competitive advantage is that their size allows them to profit from economies of scale.

      Except in areas where protectionist zoning doesn't permit them to operate at all. And it's in fact reasonable to do this, with regard to Walmarts, whose major business model is to open a store in an area, lower prices to the point everyone else is run out of business from their inability to compete on economies of scale, and then raises prices.

      This is why almost all the Walmarts in the bay area, except the one in San Jose, are in the East Bay, and not on the peninsula (and you could argue about the one in San Jose not being on the Peninsula either).

    96. Re:Wages as share of GDP dropping since 1972 by aminorex · · Score: 1

      Okay, we can start by redistributing the stock shares of all public companies evenly among the public.

      --
      -I like my women like I like my tea: green-
    97. Re:Wages as share of GDP dropping since 1972 by WillAffleckUW · · Score: 1

      CEOs who are more profitable work in the EU and Japan and China for about 1/100th what US CEOs do.

      Quod erat demonstratum.

      Yes, they're overpaid.

      I've owned direct and indirect shares in many foreign corporations and in other countries the owners - shareholders - get to vote on the pay and compensation of top executives. Here, in Kommunist Amerika, they don't get to do that.

      --
      -- Tigger warning: This post may contain tiggers! --
    98. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Walmart should build dorms out back and supply birth control and free alcohol. They can probably get it classified as an educational opportunity and thereby avoid minimum wage laws. Or maybe get those minimum wage laws repealed. That, combined with employing everyone for 39 1/2 hours, ought to allow them to *clean up*. Given the numbers of employees involved, they could save hundreds of millions a year! It would make the owners rich! Wait, they are already rich. They could pass the savings on to the consumers!

    99. Re:Wages as share of GDP dropping since 1972 by CrimsonAvenger · · Score: 2

      What happens when the majority of economic activity requires no workers at all? Then the owner gets a pile of profits, pays no workers at all, and only owners can afford anything because everyone else is unemployed and unemployable...

      So, who is the Owner selling things to to make that "pile of profits", if there are no customers because they're "unemployed and unemployable"?

      Capitalism is inherently flawed just like any other economic system.

      Yep. Its flaw is that it assumes a limited amount of material goods to be had. As production costs approach zero (i.e. for music today) capitalism fails rather spectacularly, and communism actually begins to work.

      Or, more likely, a synthesis of the two...

      --

      "I do not agree with what you say, but I will defend to the death your right to say it"
    100. Re:Wages as share of GDP dropping since 1972 by Curunir_wolf · · Score: 1

      I disagree with putting that into the category of "right." (Opinion) People are born with rights, rights can't (shouldn't anyway) be changed by law. Dictating wages by law is okay in theory. You aren't born with a God-given right to pay your workers slave wages in the way that you are born with the right to free speech. Society benefits from your right to free speech as a general rule, society does not benefit necessarily from your right to pay however little you want to.(/opinion)

      There are three basic rights that most others are derived from - those being Life, Liberty, and Property. The US was the first country that actually recognized an individual right to property that did not depend on a king. The right to decide what your labor is worth, or what you are willing to pay for labor, flows from property rights. You own you, not anyone else.

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    101. Re:Wages as share of GDP dropping since 1972 by Kelbear · · Score: 2

      Classic economic growth theory was that technological advancements would come in and increase the marginal productivity of capital beyond that of labor and drive a shift towards skilled capital-intensive labor, and away from the cheap unskilled mass labor jobs.

      Ultimately, though the unskilled laborers suffer from unemployment in the near term, in the long term, they can find new jobs created to support the more capital-intensive industry and end up better off than if they kept their unskilled jobs.

      The problem is, it's just a theory. It's a model laid over past results from previous technological advancements, but there is no specific mechanism taking the unskilled worker into a new better job. Sometimes, the unskilled worker will just end up languishing. Especially in situations where education levels are low so that the worker is less equipped to shift into a new career (for example, illiterate fishing villages displaced by the Three Gorges Dam). Or, the jobs may simply spring up in another country, like India or China, and may be a step down. Simply put, labor is not as liquid as capital.

      There is no guarantee that a technology that eliminates 10,000 jobs will then generate >10,000 supporting jobs. It's a hope. Because technology is going to keep marching on whether we like it or not, all we can do is try to protect ourselves as it happens.

    102. Re:Wages as share of GDP dropping since 1972 by mydn · · Score: 1

      Interesting idea. Instead of paying "market price" for what you want, you could pay the "iron price" instead.

    103. Re: Wages as share of GDP dropping since 1972 by tlambert · · Score: 1

      Read up on monopsony and monopsony-like forces and how they distort willingness in the job market. It's not just for the deemed-unskilled, it's for everyone that is not an employer(until they get their regulatory comeuppance).

      The putative "distortion of willingness" is proportional to the ability of individuals to make pareto optimal decisions based on external pressures. Thankfully, the people involved are not as mechanistic as you appear to be trying to imply they are.

      Bad decisions about career path are the individual's responsibility, as is the decision to major in a field which society at large values less than some other field. So is the decision to rack up a large amount of debt, rather than working ones way through college, rather than taking on that debt, if one is incapable of obtaining third party funding in the form of stipends, grants, or scholarships. When you combine the two, and rack up a large debt to specialize in something society deems has little economic value, you've made a mistake.

    104. Re:Wages as share of GDP dropping since 1972 by russbutton · · Score: 1

      This holds true if the company is privately held and the owner is a single individual with 51+% ownership and full control. Most corporations are governed by a board of directors and there's loads of skullduggary there. As a CEO, you'll be on the board of other corporations and the CEOs of those corporations are on your board. It's a case of the foxes guarding the henhouse. You vote large pay for the CEO of another corporation and he in turn, votes large pay for you.

      Ideally Executive Management works to maximize shareholder equity, but that's only true in your MBA textbooks. Remember Enron?

    105. Re:Wages as share of GDP dropping since 1972 by CanHasDIY · · Score: 1

      Wal-mart has an average wage of over $13/hr.

      Source?

      Why would you want them to "increase" it to $12?

      Because averages are a dishonest measurement of overall employee pay. Gedankenexperiment:

      I have a shop with 10 employees, myself included; Each employee makes $8/hr, while I pay myself $58/hr.

      Guess what the average pay is? $13/hr, even though not a single worker makes anywhere near that amount.

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
    106. Re:Wages as share of GDP dropping since 1972 by im_thatoneguy · · Score: 1

      You can start a company, pay people whatever you think is fair. That is your right.

      Actually they can't really. If one company has an identical product for 1c less then people will go with the one that costs 1c less. That's what's good about capitalism. What's bad about that is that price isn't the only metric consumers should consider, however it's hard to create an ad campaign around "we pay our workers $1 more".

      It's the same thing with airline fees. Everyone bitches about airline fees and then they find a $10 cheaper ticket and they ignore the company which might be trying to respect their customers.

    107. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      You need to either settle for what you're worth

      And banks will refinance mortgages because now the house is worth less too?

      Isn't it funny how it's only the workers that have to settle for less.

    108. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      What happens when the majority of economic activity requires no workers at all?

      I'm not worried about this because...

      IT WILL NEVER HAPPEN. There is no robot that can clean a bathroom or paint a room. And yet somehow all human workers are going to be replaced by robots in just a couple years. And we have a repeat of this same story on /. twice a month, and everyone is debating how we are going to deal with it. We don't have to deal with it, because it will never happen.

    109. Re:Wages as share of GDP dropping since 1972 by pseudorand · · Score: 1

      The 3rd party is the government that has to keep the peace. If you have a huge portion of the population up in arms because they work 12+ hours a day and can barley afford to feed themselves, the government has a responsibility to do something about that to protect the private property of the wealthy. There are two options: 1) Pay the police to intimidate, imprison and kill the poor or 2) Provide social wellfare programs to subsidies low wages and pacify the masses.

      3rd world countries usually do #1, which is made possibly by buying sophisticated weaponry and technology, mainly from the U.S. 1st world countries usually do #2, but have to charge higher tax rates and/or go into lots debt to do it. The U.S. does both. We have an very high % of our population in prison, medium-high taxes and lots of debt.

      We want wages set by the market, but we want that market to naturally set a living wage. The key is figuring out the government policy that can make that happen.

      Regulation of pay (minimum wage OR CEO maximum pay) is obviously a horribly idea. However, we do need to provide food and gas subsidies and social wellfare programs (since I think we all agree that #2 is better than #1) to make sure everyone eats, has a place to live and gets some minimal amount of healthcare. That's essentially equivalent to a minimum wage. And we need to tax the hell out of either corporations or rich individuals (the later being preferable) to pay for it, which is essentially a maximum wage.

      Subsidies, wellfare and taxes are all bad and equivalent to price and wage controls. They're not the natural fair distribution of wealth via market forces that we want. So what's a government to do?

      If wages are low, work on education (get us some good schools rather than just throwing more money at the horrible k-12 and college systems we have today) and technology (fund the basic research that private industry can't because there's no clear path to profit)

      If taxes on the rich have to be high to pay for wellfare programs, get people off wellfare by investing. In the long run, scientific research and infrastructure improvement will provide ROI by maintaining the U.S. as the most powerful country (economically and militarily) in the world. In the short run, it will create middle-class jobs. And those middle-class spenders will create demand for less-skilled labor -- reducing the need for wellfare.

      When you tax the rich, Mr. Millionaire still buys his $5 coffee at Starbucks and doesn't ask Uncle Sam for a check (though he may bribe his congressman for lower taxes). When you cut government spending, Mr. Middle-class, now unemployed, certainly does drop Starbucks and, in a few years when his savings is exhausted, will be asking Uncle Sam for a check.

    110. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      You and I BOTH know that corporate and personal taxes are MUCH lower than in the 50s and 60s

      This tired argument again? Tax RATES were higher in the 50s and 60s yes. But there were extremely valuable tax deductions that were eliminated when those rates were lowered. The actual amount of taxes collected as a percent of GDP has been 17 - 19% for most of the last century. Taxes are not low right now. Judging by only tax rates is simplistic. I think it's ironic that you are being so insulting to people who are "drinking Rush Limbaugh's Kool-Aid." There are many news sources on the left who are just as bad, if not worse. And I know you pay attention to them, because you are repeating their arguments. Just like Rush Limbaugh, they sound good. But when you pull back the layers, it doesn't add up.

    111. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 3, Insightful

      The problem here is that the "market" as it is for the wage-earners and the "market" as it is for the owners, is not the same thing at all.

      As the simplest example, that is where every penny of the billions "made" in arbitrage comes from, the fact that one person's "market" is not another person's "market", and one or the other corresponds more closely to the abstract and unknown continually-emerging "market".

      So, sure, as a multinational corporation you have vastly better fine-grained statistical and geographical information than I have, and the hiring vectors to ensure the necessary pool of applicants to choose the least-able to actualize their value according to the ideal market. How is this an exemplar of the fairness of "the market"?

      Further, your Five Year Plan, though certainly worthy of note, should also be considered within the light of ongoing competition in militaristic expansion with "our side" dedicated to bankrupting the other. That requires only a marginally greater efficiency in the base forms of economy. One cannot expect the same results with forms of "socialism" not carrying that burden. I suggest reference to your choice of Nordic countries for a more meaningful comparison.

    112. Re:Wages as share of GDP dropping since 1972 by Fned · · Score: 2

      What happens when the majority of economic activity requires no workers at all? Then the owner gets a pile of profits, pays no workers at all, and only owners can afford anything because everyone else is unemployed and unemployable...

      It's worse than that. The owner's profits are 100% dependent on customers, and over time everyone has fewer customers. So before long, you have a few people with huge automated factories only producing one or two items a year for the other factory owners and everyone else is kept outside the fences by robots armed with blinding lasers.

      Sometimes you'll hear people talking about "the redistribution of wealth" like it's a bad thing, but in truth all economic systems are methods of wealth re-distribution. Ours was built originally to encourage the creation of wealth, by distributing portions of the created wealth to all responsible, but lately it's been running into trouble; it can't handle a transition to post-scarcity and is actually set up to self-destruct before we get there. It's why our government has to subsidize so many seemingly successful businesses - agriculture, transportation, energy, et al..

    113. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Clearly your definition is wrong. Also poverty's definition is wrong, I've seen people who claim to be poor but they still own a car and a telephone, and I see them yakking away on it when they should be hunting for work and they can't possibly be using the car to get to work or the phone to talk to recruiters, so they should sell both of them then they can be in real poverty for real. Then they can complain about how bad life sucks, but do it somewhere it won't bother me.

      </tea party rant>

    114. Re:Wages as share of GDP dropping since 1972 by Fned · · Score: 1

      ... oh, and Wal-Mart. Can't forget our continual taxpayer-funded subsidization of Wal-Mart.

    115. Re:Wages as share of GDP dropping since 1972 by dentin · · Score: 0

      If you decide to take on a huge quantity of high risk property like a house via financing, you should be aware of the requirements for sustaining it. It's not my job, nor that of the bank, nor your employer, to ensure you can pay back your mortgage. You voluntarily accepted the risks going into it. Suck it up and handle your responsibilities - either find a way to pay for it, or default, but either way quit bitching.

      -dentin

      --
      Alter Aeon Multiclass MUD - http://www.alteraeon.com
    116. Re:Wages as share of GDP dropping since 1972 by Fjandr · · Score: 1

      In such an instance there would be nobody to buy their products, hence they would not make a pile of profits.

      Instead, there will develop an equilibrium which allows a business owner to sell products because there are enough people making enough money to afford them.

    117. Re:Wages as share of GDP dropping since 1972 by Samantha+Wright · · Score: 1

      Mumble mumble, this guy seems to get it, therefore blame Reaganism.

      --
      Bio questions? Ask me to start a Q&A journal. Computer analogies available for most topics!
    118. Re:Wages as share of GDP dropping since 1972 by Nadaka · · Score: 4, Insightful

      The only reason I get to decide how much I get payed is that I work in an industry with a real unemployment rate around 4%, I am lucky enough to have high quality skills, intelligence, and the work experience to show I am worth the investment.

      Most people don't work in that kind of field, and most people have more or less average competence, and many of them lack experience that demonstrates their capabilities. I am lucky as hell to be able to act participate equally in the job market. Most people have no such luxury and are struggling just to make ends meet, accepting less than they are worth, and then working twice as much just hoping to hold on and keep their family off the street.

    119. Re:Wages as share of GDP dropping since 1972 by Fned · · Score: 1

      Walmart's profit margin is 3.61%. So 1.1% would be about 30% of their earnings.

      I wonder how much of that 1.1% is only possible because of Wal-Mart employees on food stamps?

      In other words, how much of that 1.1% is basically our tax money?

    120. Re:Wages as share of GDP dropping since 1972 by DamnStupidElf · · Score: 1

      Comparative (not competitive) advantages are disappearing. When walmart (or, more likely, amazon/google/some-other-tech-company) can plop a robotic liquor store in your neighborhood the microbreweries and corner stores are (nearly) history. They become a luxury item instead of a commodity, and while luxury beer will always have a market it's a much smaller market than the general liquor market. Eventually, robotically microbrewed local beer will have the comparative advantage if it's marketed as Luxury Robot Beer (Hand-Programmed Limited Edition).

      TFA is about the shrinking number of comparative advantages that human labor has. You're not competing against Walmart, you're competing against automation that won't leave you with any comparative advantages in the end. Become a pure capitalist because labor won't pay. Buy/build robots.

    121. Re:Wages as share of GDP dropping since 1972 by Ralph+Wiggam · · Score: 1

      Are these graduates taking low paying jobs that require the skills they just learned in college or jobs that do not?

    122. Re:Wages as share of GDP dropping since 1972 by Fjandr · · Score: 0

      A fair amount of people living paycheck to paycheck do so because of poor decisions.

      Just to be clear, I don't say this as someone coming from a comfortable middle-class background. I say this as someone who lives on roughly $1000/month and supports someone else on that as well. I live in a decent-sized city, eat well, and don't really want for much. I could live like a king on minimum wage.

      And no, having children is not an acceptable excuse. Children are a choice, and if you value having children over having discretionary spending, you've made that choice and need to live with it. I understand there are lots of catastrophic occurrences, but those are not in any way the norm for why people live in poverty. Far more likely is the myopic notion that "I should be able to have all this stuff because other people do!"

      Self-responsibility is scary though, so someone in the government should fix things so I can spend like a moron and not have to worry about things like budgets. After all, the government doesn't care about things like budgets, so why should I?

    123. Re: Wages as share of GDP dropping since 1972 by Ralph+Wiggam · · Score: 1

      Avoid what? The laws of supply and demand?

    124. Re:Wages as share of GDP dropping since 1972 by khellendros1984 · · Score: 1

      Nearly half of Americans couldn't get $2000 together within 30 days without pawning possessions or taking a payday loan, including significant numbers of people that are above the poverty level. If I had under $2k in my account and I was fired, I'd end up missing mortgage, HOA, and utilities payments (not to mention food, credit card bills, and other expenses). I'd say that the poverty level has a "sufficient but not necessary" relationship to living paycheck to paycheck.

      --
      It is pitch black. You are likely to be eaten by a grue.
    125. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      What happens when the majority of economic activity requires no workers at all? Then the owner gets a pile of profits, pays no workers at all, and only owners can afford anything because everyone else is unemployed and unemployable...

      Good for the owner. If someone is unemployed and unemployable, then they are contributing nothing to society at that point. It is everyones responsibility to find someway to contribute. They get to set a price or their contributions, and if others agree on that price, they get paid. If you can't do anything that you can get paid for, what good are you to the rest of us?

    126. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      The human brain is a vastly complex organism that is capable of complex thought, so saying that not everyone is capable of thinking for themselves or thinking creatively is flawed, unless they are in a vegetative state, or are for some other reason incapable of accessing higher brain functions like people with certain mental conditions, but even they are capable of surprising you with out side the box thinking. Those "individuals are not capable of creative thought or focussed, intentional actions" as you say were never taught to let go and use their creativity, given the right environment and proper stimulation they could produce works of art that may surprise you.

      so I say to you, stop putting people down, allow them to grow and surprise you. dont jump to conclusions and get the fuck off of your high horse you jackass. there is a place in society for every one!

    127. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      If by "very few" you mean "a very very large number of people who is retirement plans include stock funds", I'd say you don't speak English very well. Rather, I think you meant "whose" and just aren't very educated or well read.

      Or you're just trying to obfuscate...

    128. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      I feel sorry for the people that have so little money that losing a week of pay would be catastrophic.

      However, I also wonder how much of the problem is how their money is used. A lot of it is choice.

      For example, let's say you live in an apartment that costs $800 a month. That's a big cost for someone who only brings home, say, $12k a year - someone like my sister. Who also is a single parent.

      Add a second roommate with a job, and suddenly that $800 is split across two people. Have both people work at the same place, or have shifts that start at different times, and it's easy to share transportation. You don't need cable television, internet access, or a cell phone, although such things are useful.

      Add a third person and it gets even better. Pool resources. What you can't afford on your own, share with others. It works.

      Maybe I'm being a bit harsh, but every time I see someone crying "I'm so poor!" and yet they have a car, a big screen television, a new cell phone, and other luxuries, with 2 kids and a 3rd on the way (getting pregnant is a choice, too), I feel any kind of pity drain right out of me.

    129. Re:Wages as share of GDP dropping since 1972 by im_thatoneguy · · Score: 5, Insightful

      You need to either settle for what you're worth or endeavor (through school, training, etc) to make yourself worth more.

      That's easy for someone like you or to say, who presumably make more than $60k per year. But the reason I make 6 figures isn't because I chose to make 6 figures, it's because I got lucky and happened to both have the interests and innate ability in said interests to command those kinds of wages.

      The problem isn't that people are too lazy to make themselves worth more. The problem is that we don't need an entire population of Doctors, Developers and Stock Brokers. Some people due to their economic status as children didn't have the access or exposure to the necessary prequalifications for a high paying career. Some people are just too dumb. Some people are really good at things that don't pay very well. There are a lot of people out there who are really good at Basketball. I'm terrible at Basketball. But even the people who are really good at Basketball still probably aren't good enough to qualify for the minuscule job market for professional basketball players. And highschool PE teachers isn't a $60k a year job.

      Meanwhile the total personal income for 2012 in the US was $13.4 Trillion. Total number of workers is about 154 million. If we had a purely distributed wealth economy where everyone got a cut of the pot we would each make:
      13.4T/154M = ~$86,500 per year.

      Let's say the educated employees deserve more. These are our upper middle class and the unskilled labor deserves less. Let's say an education should about double your wages.

      40% now makes $116,500k+ or more.
      60% now makes $66,500 or less

      But let's split that off too. Let's say professional degrees and middle management deserve more.

      Let's take another $20k from the HS dropouts and $10k from the college grads.

      Now:
      10% now make $196k.
      30% now make $106k
      50% now make $66k
      10% now make $46k

      That's about what America would look like if we didn't let the free market assign you wage, we just gave everyone who stuck out college a guaranteed salary and every doctor/lawyer/masters/phd a guaranteed salary.

      $25k would be almost half of the "base income" in that hypothetical scenario.

      But let's address other libertarian anarcho-capitalist concerns. Without big buck potential nobody would start the next Microsoft. Personally I think a $200,000 salary would make a lot of people really happy since 99.5% of the population would see a HUGE pay increase. The number of people making six figure salaries would increase. The number of people buying cars would increase. The number of people upgrading their ipad every year would dramatically increase.

      With 40% of the population suddenly making $100k a year if you did start the next Microsoft we could say you get stock. But have to pay a 60% dividend tax. You would still easily be a millionaire (or even billionaire) and the increase in customer purchase power would probably offset the 60% tax on dividends (plus you still make $200k a year) which should be enough to live off of. And unlike the status quo where bill gates can afford to risk his livelihood to start a company knowing his wealthy father will bail him out--more people will take risks and reach out hoping to maybe do a little better.

    130. Re:Wages as share of GDP dropping since 1972 by DNS-and-BIND · · Score: 3, Interesting

      But Capitalism has been proven to lift millions of people out of poverty. I question what school you went to that didn't teach this plain fact.

      Communism fell because it took people who were poor and made them even poorer. Quite an accomplishment, if you look at the historical circumstances. Go ahead, try to figure out a way to take a peasant whose entire worldly assets are a goat, a cow, and a couple of chickens even worse off. No, seriously. Communism figured out that problem and applied it to hundreds of millions of humans just like you.

      --
      Shutting down free speech with violence isn't fighting fascism. It IS fascism!
    131. Re:Wages as share of GDP dropping since 1972 by s.petry · · Score: 1

      Your example is fine in a true capitalist economy where things are regulated and progressive. The problem with your example is that we have allowed corruption and cronyism, and no penalties or regulation for when people screw others over. You see, here your ideology fails is when a CEO is paid to destroy a company and remove all of it's assets placing them into select people's hands.

      Yes, the market plays a role in the economy. That does not mean there should be no regulation and we should turn a blind eye when some rich guy decides to fuck over people to make a few extra bucks. This is what we have today, in addition of course to monopolization and collusion to benefit a select few.

      The level of cronyism we have today is quite staggering, and beyond anything Adam Smith could conceive of. Information Technology has allowed a very small number of people to completely control every aspect of the economy. They keep telling you it's capitalism and you blindly keep believing them, meanwhile numbers show that all but .01% of the populace is losing and has lost most of their wealth.

      In other words, your idea that we are living in a Capitalist economy is delusional.

      --

      -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

    132. Re:Wages as share of GDP dropping since 1972 by alexander_686 · · Score: 1

      Take a look at the trends. European CEO pay is catching up to âoeAnglo Saxonâ standards.

      And while they are paid less then also underperform. Specifically they deliver lower risk adjusted returns on their stocks. And considering that the stockholders via the board are the ones to hire them that looks like a fair measure. Bond holders tend to do better. For workers it is a mixed bag. For older workers it good that they have higher pay now. For younger ones it is bad to be in a company that is steadily falling behind its global competitors.

      And I would not be that concerned about shareholder pay on CEOs. I have yet to see a decent scheme that works where the shareholders are wildly diverse. Either their non-binding which means that have no teeth. Or they are binding but only gets used when the shareholders are mad about share performance. In that case it is more of a vote of confidence thing. But unlike a vote of confidence new elections for the board members are not called.

      FYI my issue is not with high CEO pay. Picking and incentivizing the right people the right way is hard. What bugs me is weak boards that write golden tickets to CEOs and accept mediocre performance.

    133. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Pardon me, but that's still far cry from "most private property should be confiscated by a central authority," which is still not an accurate description of socialism. Besides, having corporate interest in government is very different than having government ownership of corporations, so if you think you're making some kind of salient counterpoint, think again.

    134. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      "The employee can decide if the pay is worth it."

      Its lucky that the job market is infinitely flexible and everyone can pick and choose exactly what job they do, when they do it and how much they get paid for it.

      Since you didn't propose an alternative, I can only assume you think the bureaucrats gandhi_2 denounces will offer us more flexibility? Anyone who claims their economic system has infinite choices (or that such a criterion is even reasonable) is being intellectually dishonest.

    135. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      It's one thing to want to pay the lowest price. It's quite another to buy politicians and scream about how the world will end if you are forced to pay people enough to not need food stamps.

    136. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      It seems the owners have made sure any such efforts will be met with chemical warfare.

    137. Re:Wages as share of GDP dropping since 1972 by kermidge · · Score: 2

      "Employees are free to sell their labor elsewhere."

      That's the second time you've used this. Maybe you believe it's true. Simple fact is, if you bother to look at the jobs market for openings available to the people who for whatever reason or circumstance are fit for nothing more than a job at Walmart and the like, _there is no labor market_. There is no fine a la carte menu for jobs. There is a mad scramble to get something, anything, to pay the simplest of bills. There is only a very limited number of bottom jobs for a large number of applicants. There is no freedom to go elsewhere when no elsewhere exists. This is what keeps wages down.

      For the few fit enough there is some competition for transient cash-only day labor, e.g., all of which require skills enough to get called back a second day. For instance, anyone who thinks hanging, taping and sanding drywall in a production environment is trivial has likely never done it. It's also not a "job" in the sense of steady employment; it's pick-up work, no more. Cutting brush or loading a demolished building into skips is less-skilled, but if you don't know how to use edged tools or how to lift and work around things that'll bite you, you're screwed. Medical coverage is by free clinic and charity ER, of course, and if it's serious you'll get billed for the ambulance and sometimes also for the EMT and whatever materials were used on you.

      Obviously for those fit and experienced, there are boom areas - shale extraction and jobs in the trades and supporting infrastructure is one. Wages for many jobs thereabouts are now high but that'll even out soon enough as the market saturates, which is already happening. Yet all those openings don't begin to accommodate the surplus of low-end workers. Let's be clear: there is a limit to who and how many can be trained, and it's not near enough.

      There is plenty of work to be done; I don't know if it's enough. Gleaning. Roadside trash needs picking up. Most of the nation's bridges need re-building or replacement. Rivers and harbors need cleaning up, and dredging here and there. A lot of the electrical distribution wiring needs repair or upgrade or outright replacement. Orchards need very careful pruning. Bees need a lot of help now. Trees need planting (a lot of it incidental, not amenable to machine planters.) A staggering number of houses could be upgraded viz. insulation, weather-stripping, and new windows. Millions of roof tops could use solar panels - electric and water. Many other roofs, particularly in cities, could benefit by strengthening and sprouting gardens or shade growth, with long-term savings in energy costs. That's some stuff; who pays? Most if not all that I've mentioned is not amenable to start-ups and entrepreneuring.

      I understand that each of us as well as the labor department and others make a distinction between skilled and un-skilled labor. I understand that distinction; I know first-hand the difference between dishwasher and lab-technician, roofer and tool-and-die, washing down a boat and rigging it, sales clerk and software developer. Yet in my experience there is no such thing as an un-skilled job - at least if it's done with any kind of competence qua usefulness. I've dug ditches, hand excavated footings, cleaned sewers and pumped septic tanks, for example. Each required a range of skills to get the job done at all well or even "good enough". Through the wonder of self-promoting looking down noses elitism, we've deprecated all manner of honest days' work, so we have the freedom to lump them, sneeringly, as not only beneath us but the kind of thing done by those who really are not quite human, and certainly not like us. Once we've flushed the toilet the proceeds are somebody else's business; it out of sight and out of mind and after all, that's what servants are for. So many of the self-elevated haven't a fucking clue as to the huge pyramid of working people that are needed to support them in their exalted positions. "I'm so glad I'm a beta."

    138. Re:Wages as share of GDP dropping since 1972 by jareth-0205 · · Score: 1

      Oh for god's sake, do you want to actually read the whole paragraph rather than take the most literal stupid meaning that you can possible parse?

      Technically of course you have the freedom to, and if you're in the right place with the right new idea you could do quite well, but

      It's not a realistic possibility for a large number of people, but clearly some can. Doesn't mean we should atleast spend a little time considering that the system cannot function without a large number of *employees*, and that they should have some protection/consideration.

    139. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      No, they don't die. They smash windows and take what they need. As they should, because just letting their children die with them and taking no action is wrong.

      If you try to stop them, they use a shotgun to turn your head into pink mist. HAND

    140. Re:Wages as share of GDP dropping since 1972 by s.petry · · Score: 1

      Sorry, but it's an example and certainly not abnormal. Maybe you should research golden parachutes as a start. Romney was paid to destroy companies and move employee capital into the hands of investors. Ignorance may be bliss for some but not everyone.

      --

      -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

    141. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Ah yes, the old Argument from Authority. That's the thing about Corporatists - they don't need you to agree with them, they just need the courts to agree with them.

    142. Re:Wages as share of GDP dropping since 1972 by NineNine · · Score: 1

      . FACT: higher corporate taxes leads to reinvestment in the company, which leads to an expanding economy.

      I can personally vouch for that. Absolutely.

    143. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      If you're going to name drop Adam Smith, you should note that he was an advocate of well regulated markets and warned against corporations.

      Were he put in charge of our economy today, there would BE no corporations and there most certainly would be regulations on the market.

    144. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      ... but either way quit bitching.

      -dentin

      Why, does it bother you?

    145. Re:Wages as share of GDP dropping since 1972 by jareth-0205 · · Score: 1

      The very central premise of capitalism is that in most cases *you can't start a business*.

      There's plenty of room on the market for new companies. Just because you're too risk-averse to step out of your "work x hours per day, get paid" comfort zone, doesn't mean you couldn't start a successful business if you actually tried.

      It's not just about time! It's about risk, capital, and probably most importantly: *skillsets*. From my own experience, I'm a pretty good programmer, but a godawful businessman. Secondly, society is best served by me doing what I'm actually good at, rather than trying to do other things. It's not hard to imagine (well it seems to be for some people) that not everyone is going to have the particular personality that works running their own business.

    146. Re:Wages as share of GDP dropping since 1972 by Infestedkudzu · · Score: 1

      Social change . social engineering. People could only work a few hours a day or week. enough to keep them honest. That work hard for something and earned it feeling is more of a emotional response and does not have to be an effect of selling more of yourself for less than everyone else is. I've always felt this leads to a negative place much like when people don't have to earn anything and take it for granted

    147. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      Only if we implement a sub-optimal economic system. remember, the economy is supposed to serve the people, not the other way around.

    148. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      What happens when the majority of economic activity requires no workers at all? Then the owner gets a pile of profits, pays no workers at all, and only owners can afford anything because everyone else is unemployed and unemployable...

      The Dark Ages. Those owners are coasting on momentum at that point, as demand has dramatically decreased. Total economic, cultural, and society reset. That owner is gonna want some food. Hope he knows how to grow it...because the guys growing it are going to milk him for every penny they can. Then, they are the 'fat cats'...and they can survive indefinitely as long as they can keep their surfs in order.

      Capitalism is inherently flawed just like any other economic system. The underlying set of assumptions for capitalism has been reasonable so far, but it will not remain so. Capitalism will fail for the same reason that communism fell. Both systems make fundamental assumptions about the nature of economy, and both sets of assumptions are not always true.

      People that say this don't seem to understand what capitalism is. Capitalism is not an economic system invented by Man. Capitalism is Reality. Life's a Bitch. Shit Happens. You do what you can, then you do what you gotta do.

    149. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      If you think you're worth $60k per year but you've been to "200 interviews" and none are offering more than $25k per year then the problem isn't theirs - you're overvaluing your labor.

      That's a pretty bold assumption given how little you know about the situation. Fact is, it could go either way, we just don't have enough information to say for certain whether it is corporate greed or personal greed that is at play here.

    150. Re:Wages as share of GDP dropping since 1972 by DNS-and-BIND · · Score: 1

      The company store was outlawed by the federal judiciary more than a half century ago. I'm curious where you were educated that failed to mention this fact.

      MOST people in the US have welfare backing them up. Just go apply and you get free money, housing, and healthcare, courtesy of the people who actually make money. Why would any sucker actually work, under these circumstances? You'd have to be an idiot.

      --
      Shutting down free speech with violence isn't fighting fascism. It IS fascism!
    151. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Yeah, if only. Too bad everyone seems only too happy to get rid of Unions. After that, it's only a matter of time till they are made illegal.

    152. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      So, you're saying wages shouldn't be set by market pressures, but by some Central Committee, perhaps according to a Five Year Plan? History suggests that you're ignorant of history, if that's what you're suggesting.

      The minimum wage is exactly as you suggest and it has worked quite well in reducing the lowest rungs of poverty.

    153. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      You can afford to pay $12 for a box of cereal. Be honest. You could do it.

      Yep.

      Why don't you?

      Because $11.50 of any money I spent on that fundamentally unhealthy product would go to the 1% that use their money to corrupt my government.

      I pay extra for fair-trade, organic, shade-grown coffee. I pay extra for services from mom & pop stores that offer workers benefits. I pay extra for pizzas and chicken sandwiches that do not support politically activist religious fanatics like the Catholics or Mormons. I pay extra for clothes made without slave labor. I pay extra for cars that emit less pollution.

      Most Americans in the 99% are just like me. They are more than happy to spend extra for something that does good in their view. But they won't pay $12 for slave-labor cereal with profits going to slavers and nutball armageddonists, and for most people in the United States that's all they are being offered.

      The market, fundamentally, is neither free nor fair; and you can't buy what's not on the shelves. The corporate-owned Federal Government is doing everything it can to wipe out anything that might benefit the little guys- they won't even let farmers sell fresh milk to people who want to buy it. Because those bold libertarian heroes are protecting you from germs, see?

    154. Re:Wages as share of GDP dropping since 1972 by interval1066 · · Score: 1

      So I'm to imply what "paycheck to paycheck" means? You (not YOU in particular, but the generic "you") make the claim, you need to specify what you're talking about. I'm not going to infer or define the arguments for others. Living "paycheck to paycheck" is very subjective.

      --
      Python: 'And then suddenly you have a language which says "we're all stuck with whatever the whiniest coder wants".'
    155. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      ... oh, and Wal-Mart. Can't forget our continual taxpayer-funded subsidization of Wal-Mart.

      That's the People's Republic of Wal-Mart. Where staunch anti-Communists go to get guns and ammuntion to support their 2nd Amendment rights at discount prices!

    156. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      Actually, the same quality of life is sustainable now as long as we acknowledge that a single family owning 40% of the nation's income is wrong.

    157. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      But here's the rub...
      What is the real advantage of the Big Boys over the little 'mom and pops'? IP and patents...or Laws and Lawyers...those little artifical things thrown into the stew-pot of capitalism and free-enterprise that were initially intended to spur the economy are now killing it.

      Training wheels help kids _learn_ to ride a bike. Eventually, the kid is going to be comfortable enough on the bike to do some stunts. The training wheels have a tendency to get knocked off and come off on their own during this stage. Unfortunately, Big Daddy keeps putting them back on.

    158. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      *Paid. So much for your assertion of intelligence.

    159. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 2, Insightful

      For example, let's say you live in an apartment that costs $800 a month. That's a big cost for someone who only brings home, say, $12k a year - someone like my sister. Who also is a single parent.

      Add a second roommate with a job, and suddenly that $800 is split across two people. Have both people work at the same place, or have shifts that start at different times, and it's easy to share transportation. You don't need cable television, internet access, or a cell phone, although such things are useful.

      The problem with this argument is that it's easy to suddenly find yourself in this situation with a one bedroom apartment. My wife and I moved to California for a new job that I had landed and started out in a 1 bedroom apartment that we could afford. 3 months later I was canned with most everyone else there. We were young and had very little savings. Breaking the lease would cost us 2 months rent that we didn't have. Then there was the cost of getting a new lease, 2 months rent up front for the first month + security deposit. All in all, to move would basically mean we would need to shell out 4 months worth of rent in one shot. We had maybe a quarter of that in savings and in southern California, unemployment doesn't even cover the rent for one month. So we were stuck and hoped I would find a new job earlier than 4 months. Neither of us were able since the country was spirling down into the depths of the depression. It took almost 6 months to find something else. Had it not been for very supportive parents, we likely would have been on the streets.

      So what should someone do when they don't have money to even move?

    160. Re:Wages as share of GDP dropping since 1972 by NewWorldDan · · Score: 1

      Why can't companies pay better wages? Because that's the wrong solution to the wrong problem. Fundamentally, this is a question of economics. You have an oversupply of labor, particularly in lower skilled positions. Increasing the market price of labor can not and will not ever solve that problem. It is an economic impossibility.

      Before we can solve the problem, we must first understand what exactly the problem is. In western countries, we have several issues going on. Wealth is concentrating in the hands of the already wealthy. Productivity gains are outstripping both the demand for labor and the demand for goods, or so we suppose for the sake of argument.

      The traditional response to this situation is an increasing demand for socialism or communism, which, frankly, does not work. Subsidizing the poor has the perverse effect of making them poorer by limiting their access to work. Central planning is inefficient and ineffective. Top down communism does not work. However, Austrian economics suggests that bottom up communism should work. What I suggest is a multi-part approach. Scrap the current income tax system and welfare system. Switch to a flat tax with a prebate. This provides a subsidy to the poor, but without the welfare trap. Next, replace Social Security with personal investment accounts. Accounts should have the following characteristics: no set retirement age, principle can not be withdrawn, but dividends are paid out. Account should be funded equally. This decreases the pressure for an individual to work. And, of course, an inheritance tax, with an individual lifetime deduction limit. (i.e., you aren't taxed on the first $500k you inherit, after that, it's a 20% tax)

      Now, some people are going to make bad decisions with their investment account, and there's not much you can do about that. However, when reconciled against alternative scenarios, the benefits should be vastly superior.

      I should write a book on this.

    161. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      The only reason I get to decide how much I get payed is that I work in an industry with a real unemployment rate around 4%, I am lucky enough to have high quality skills, intelligence, and the spare time to post on slashdot to show I am worth the investment.

      There, fixed that for you....

    162. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      The boss at my last place made a dollar short of 6 figures (yeah, IT didn't exactly secure their payroll databases). He complained bitterly that his wife made more than him.

      They lived paycheck to paycheck. Well, he did anyway, they had separate accounts. No, I have no idea how they managed to do that. There was alimony and 2 kids in private school.

      He most certainly could save up money, at least for short terms, because he always "splurged" on Christmas and a vacation or two a year. But it would always drain his accounts to zero.

      Cultural, psychological, fuck if I know, but the guy just didn't hang on to money.

    163. Re:Wages as share of GDP dropping since 1972 by GrimShady · · Score: 1

      Uh oh. I see the problem. Where does the 3rd party fit in? Some other person, like a government bureaucrat, intellectual elitist who doesn't actually do work for money, or politician pandering for popular votes... where can that person inject their bullshit in this scenario. A problem indeed!

      THIS!

    164. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      I work at Walmart and their overall profit margins are fairly obscene, it is just the corporate office and all the ones at the top eat all the profits. Our store alone sends about 13 MILLION dollars every year to the corporate office after all expenses, including our wages. And we have 2 more walmarts the same size within 15 minutes drive from here doing pretty well too.

      Sorry, but I don't trust them profit margin surveys till they allow you to analyze the margins before executives, CEOs and shareholders take their cuts.

      Just 1 million out of the 13 million our store brings in would be enough to bring every employee who works there above $25,000 per year as most of us are making about $12,000. Literally taking us from EBT and low income housing to actually making a living. But by comparison the CEO earns something like $35 million per year cash while the Waltons earn about $33,000 per MINUTE.

    165. Re:Wages as share of GDP dropping since 1972 by aceboomblain · · Score: 1

      Does it not stand to reason that someone with average competence who lacks the experience to demonstrate their capabilities, is worth less to an employer than someone with high quality skills, intelligence and the work experience to show they are worth the investment?

    166. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      No. They should not be set by market pressures.

      Because those who are in charge of wages also control the markets.

    167. Re:Wages as share of GDP dropping since 1972 by Rich0 · · Score: 1

      There's a fallacy here: where do the owner's profits come from if not from the workers buying the goods manufactured by the owner's company?

      They are purchased by other owners. Maybe I make computers using robots, and you grow food using robots. We can trade.

      You own half the planet, I own the other half. We're both happy. Everybody else can starve.

      I can't really see any reason why capitalism wouldn't break down under such conditions. Just look at real estate in Hawaii as an example of that.

    168. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Not exactly. If I don't want $12 cereal, there are other things to eat that I can switch to relatively inexpensively. That kind of logic is how the government manages to mislead everybody about the inflation rate and the purchasing power of the dollar--by routinely switching the things they measure on the substitution principle.

      Changing jobs, on the other hand, is a decidedly non trivial matter, especially as you start to go up in responsibility and pay. Moving to another town to get a job is an economically non-trivial matter, and there frequently are personal reasons for not doing so as well. Then there's certain (mostly but not exclusively Southern red state) governments that actively oppose workers' rights and negotiating power, take the side of employers in almost all disputes, and use the power of the police to harass and intimidate those who would stir things up.

      All of those things depress wages. They are not a matter of simple market forces at work. Certainly those exist. However, these things and more are active measures taken to keep wages low. The market is not supposed to work like that.

      In fact, most two faced capitalists feel quite the opposite on the other end of the scale. Corporations merge, sometimes to acquire property that they feel would benefit them, sometimes to expand into new markets, and sometimes to reduce competition and lower the power of the market to affect the prices they charge (airlines, anyone?) That's OK with the corporate apologists--anything for profits. Of course, when labor tries to do the same thing (unions), all of the sudden it's some kind of Communist plot.

      Those of us who know how the real world works have seen this again and again. It's not new, but it is kind of disgusting, and it is anything but a free market.

    169. Re:Wages as share of GDP dropping since 1972 by aceboomblain · · Score: 1

      Actually, the more "fit" to survive folks hire people who are good at stomping on the people who try to steal from them.

    170. Re:Wages as share of GDP dropping since 1972 by Rich0 · · Score: 2, Insightful

      What happens when the majority of economic activity requires no workers at all? Then the owner gets a pile of profits, pays no workers at all, and only owners can afford anything because everyone else is unemployed and unemployable...

      So, who is the Owner selling things to to make that "pile of profits", if there are no customers because they're "unemployed and unemployable"?

      Other owners. The fact that 99% of the population doesn't have money doesn't mean that nobody has money.

    171. Re:Wages as share of GDP dropping since 1972 by Rich0 · · Score: 1

      What happens when the majority of economic activity requires no workers at all? Then the owner gets a pile of profits, pays no workers at all, and only owners can afford anything because everyone else is unemployed and unemployable...

      Good for the owner. If someone is unemployed and unemployable, then they are contributing nothing to society at that point. It is everyones responsibility to find someway to contribute. They get to set a price or their contributions, and if others agree on that price, they get paid. If you can't do anything that you can get paid for, what good are you to the rest of us?

      No good at all. Are you suggesting that the penalty for non-productivity should be death?

    172. Re:Wages as share of GDP dropping since 1972 by Rich0 · · Score: 2

      But Capitalism has been proven to lift millions of people out of poverty. I question what school you went to that didn't teach this plain fact.

      You're talking about the past. Past performance does not guarantee future results. What MBA program did you attend that didn't teach that plain fact?

      Just because capitalism worked well for the masses before the invention of the computer doesn't mean that it will work fine forever.

    173. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      If Walmart cannot afford to pay their employees a living wage then they do not deserve to be in business. Currently they do not. Why else would the largest employer in this country have mostly part time employees? Tax payers pick up the slack in the form of social services to the tune of about 10,000 per employee per year.

      I fantasize about running for government on the platform of "I am going to put Walmart out of Business".

    174. Re:Wages as share of GDP dropping since 1972 by Rich0 · · Score: 1

      That owner is gonna want some food. Hope he knows how to grow it...because the guys growing it are going to milk him for every penny they can.

      The owner is the one growing the food. Nobody else owns any land to grow it on. In its ideal form capitalism awards 100% of price of a product to the owner of the capital used to produce it. That's why they call it capitalism.

      The guys who own the farms don't have any incentive to sell their robot-harvested crops to anybody who doesn't have something to sell back.

    175. Re:Wages as share of GDP dropping since 1972 by King_TJ · · Score: 1

      I have to admit I think you're right on target with most of your observations!

      One problem I've seen in today's America is we have far too many people in the vocational trades who are really just "hacks". Because our system on the whole, still puts skills on a pedestal that don't involve working with one's hands, those who prefer to do so wind up self-taught, often through a trial and error process of screwing up jobs they're hired to do!

      Even though I found that myself, I'm far more interested and apt to work with computers and technology -- I have a great appreciation for the people with the skills to do quality wood-working, carpentry, or even electrical or plumbing work. All of these skilled trades have a rich history of knowledge people built up over decades (even centuries!) -- so an interested individual can go incredibly deep into any one of them with a lifetime of learning while doing.

      We need to collectively get over this mentality that you're somehow "better" or "worth more" if you have advanced degrees and don't need to do physical labor anymore for a paycheck. There's a lot of value in science and research, software development, medicine, etc. etc. But all of us need buildings to do those jobs in and homes to live in after work's done!

    176. Re:Wages as share of GDP dropping since 1972 by khellendros1984 · · Score: 1

      No, you aren't necessarily meant to infer what it means, since it has an understood definition. "Living paycheck to paycheck" describes the situation where someone's earnings go completely toward paying their monthly expenses, with little or no chance to build up a cushion of savings. If I make $100,000 per month and I spend all of that money maintaining my lifestyle (and I don't have a decent "rainy day fund" built up already), then I'm (technically) living paycheck to paycheck.

      Granted, the term is a little broad, not really defining what "little to no savings" is, or for what period after being laid off someone should be able to survive. CNN's article uses "6 months or less in savings" as being the dividing line, so it's giving you a more solid definition, at least (while matching the OP's claim that "most people in the US live paycheck to paycheck").

      --
      It is pitch black. You are likely to be eaten by a grue.
    177. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      And the most fit mow the lot down and behead the aristocracy.

    178. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      which is why the republicans like their military, to quash a rebellion like this

    179. Re:Wages as share of GDP dropping since 1972 by gandhi_2 · · Score: 1

      You really see no problem with making an entire population dependent on the government? What happens in Sudan when they government can't hand out free gasoline anymore?

      Last time a democrat told people not to ask the government what it could do for you, he was killed. Weird, right?

      Socialism, social welfare, handouts, dependent population turn a Constitutional Republic into a vote-buying frenzy where people are voting for a living rather than working for a living. Communism was tried several times in the US and in every case, the number of mouths to feed overcame the number of people motivated to work for nothing. The only time that kind of thing works out is when a Stalin or Mao can purge millions of people, steal the collective wealth of whomever they want, and force everyone else to work at gunpoint.

      Capitalism, for all its faults, is the default economic system of free people. I am free to order my affairs and dispose of my property as I see fit within the laws of nature. Property includes my ability to work. Property includes my ability to pay for work to be done. EVERYTHING else, every silly socialist little scheme that has ever been tried is simply a regurgitation of all the monarchies in history: some special people telling you what you can get, what you can have, when you can have it, and what you can do with it. Che wasn't a revolutionary, The Man has been dolling out chicken feed to peasants since the dawn of man.

    180. Re:Wages as share of GDP dropping since 1972 by djdanlib · · Score: 1

      Very thought-provoking! I believe you're assuming something that forms an unsteady platform for your argument. That is, with income distributed like that, the purchasing power of those dollar figures would remain the same. That doesn't really sync with the way a capitalistic (or any human) economy works. Who is to say that the price of goods wouldn't skyrocket once people had more money, so that the classes become separated once again by their status symbols and lust for the things that richer people have? Even looking at the basic supply-vs-demand curve, demand would rise for things whose supplies are constricted by the volume of product the company can move. So prices on luxury goods would go up, and up, and up. I don't know that essentials would change in price much except due to waste... until the producers of those essentials inevitably decide they want more luxury goods and raise their prices to get them. That's how it already works, isn't it?

      Let's not think too highly of ourselves. People are gonna be people, after all, and we're all looking out for our own interests at least some of the time. Greed is greed and no matter how you try to reset its effects, people will find a way to take from other people to enrich themselves. Desperation to have "more that what I have now" drives people to go all-in and make or break their financial futures.

    181. Re:Wages as share of GDP dropping since 1972 by hb253 · · Score: 1

      I wish I could live in your fantasy world. Are the unicorns behaving?

      --
      Self awareness - try it!
    182. Re:Wages as share of GDP dropping since 1972 by Rich0 · · Score: 1

      I say this as someone who lives on roughly $1000/month and supports someone else on that as well. I live in a decent-sized city, eat well, and don't really want for much. I could live like a king on minimum wage.

      And how much of that $1k/mo goes towards housing? Rent on a two bedroom apartment in most cities would consume the vast majority of that income.

      If you own a house, well, income isn't nearly as much of a problem when you have wealth.

    183. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Are you one of those guys I have to call to plug in an A/C cord for a server in my server room, or move a 17" LCD monitor from one room to the next?

      Seriously, those bands of employees are just as corrupt as the people they're confronting sometimes.

    184. Re:Wages as share of GDP dropping since 1972 by mjc_northeast · · Score: 1

      You forgot to say you are young enough not to get hit by age discrimination that pushes up that unemployment rate and cuts into the choice of pay as one gets older.

    185. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      His claims check out just fine. Margins don't exist in a much larger number of households than that 12% poverty level, which reflects half of what it takes to sustain a household in suburban 'Murica.

      $800/mo rent, $100/mo utilities, assuming no luxuries like a car, cable TV or data-enabled phones. Keep in mind, those luxuries are considered a basic human right by a lot of people nowadays. (who seem to forget that public libraries and university libraries offer access to data for free during regular hours.) Now add $250/month for groceries. We're at $1,150/month just for basic survival needs, and you walk to work every day. Net annual salary requirement, $13,800. For a 4 week month with a 40 hour work week, that's about $7/hour AFTER taxes. Assuming about a 30% tax, that's in the neighborhood of $9/hour or around $18,000/year. JUST to survive. It's a lot of money. The US considered $11,490 the poverty line for a single person living alone... it's off by quite a bit! 30% of Americans don't make enough by my $18k estimate. Come on, that's a third of the people in the country, which is quite a lot of people.

    186. Re: Wages as share of GDP dropping since 1972 by sethstorm · · Score: 1

      Laws, along with a heavy dose of telling them to pound sand, can change the compensation while retaining the same type of worker.

      --
      Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    187. Re:Wages as share of GDP dropping since 1972 by alexander_686 · · Score: 1

      I don't think either one of use believes ignorance is bliss. I would recommend reading Barbarians at the Gate by Bryan Burrough and John Helyar. It is an easy, nonacademic work. If you want something heavier pick up the Cadbury Report.

      You mention golden parachutes and Mit Romney in the same paragraph as if they are related. Please inform me how. I can't think of a single case where Romney received a golden parachute â" in fact I can find examples to the contrary where he personally left money on the table.

      So let's talk about golden parachutes. In corporate governance there is something called a "Agency issue." The board hires a CEO to maximize value for the shareholders but that might not be what motivates a CEO. They might like the power of their position or feather their own nest. How do you convince a CEO that the right decision is to fire themselves? A properly constructed golden parachute can resolve that issue. If you have a better idea let me know.

      Now on to Romney time a Bane Capital. Read up on Schumpeter's theory of "Creative Destruction". Then read up on Warren Buffet and Berkshire Hathaway. When he became the CEO they produced cloth. Buffet fired everybody and closed down the mills. Now where are they? Now find me a case where Romney raided a health growing company for a quick buck? You might notice that Bane specialized in investing in high risk situations, many of them turnarounds of sick companies. It's kind of par for the course.

      And at this point I will get off my high horse. There are provisions in the tax code that encourage short term profit over long term greed â" eh I mean growth - that I dislike and Bane did use some of those loopholes.

    188. Re:Wages as share of GDP dropping since 1972 by saleenS281 · · Score: 1

      Ya, that only works when there's accountability. The system has been structured such that accountability is now gone. The general public has been talked into putting their money into 401k's. These 401k's are then used to buy large amounts of shares in publicly traded companies. Now the manager of the fund has all the power. On top of that, all the people at the top are sitting on each others boards. Why on earth would I tell Bob he's making too much money when he's on my board? I'll say he deserves a raise, he'll say I deserve a raise, and we'll both leak information to that fund manager so that we all make out like bandits. All the while, the general public is getting ramrodded without lube. Could Joe Public move their money out of that 401k? Probably, but I'm willing to bet 90% of the public isn't willing to put out that effort so long as they see the number in their account going up each quarter.

      This idea that people in power will do what's best for everyone else because it's best for them is absolutely ridiculous. They'll do what makes them the most money now. Who gives a shit if the economy in America collapses when you own houses in 6 different countries and have enough money to hop on a private jet at a moment's notice to find a safe place to live?

    189. Re:Wages as share of GDP dropping since 1972 by mcgrew · · Score: 1

      You don't have to work to be a member of society. My dad's been retired for 20 years, he says he doesn't know how he ever found the time to go to work.

      Look at JK Rowling -- if it weren't for the UK's generous welfare laws, there might not be any Harry Potter books; if she had to work she wouldn't have had time to write.

      I don't live to work, I work to live (until I retire next year). I pity anyone who lives to work, unless their work is something they really enjoy. I like my job, but I'll be glad when it's done.

    190. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      The uncomfortable truth is this: most people are *not* too stupid to do skilled labor. They're just too lazy. There are jobs out there for motivated individuals that really want to perfect their talents at market-useful skills, and they pay well. Unskilled labor (or skilled at something a machine or computer just eliminated, same thing) will always be the bottom of the barrel. If you don't have a useful skill, then you're a commodity chunk of flesh that can be substituted with any other warm body, and yes that means the market won't pay you much (supply and demand of a type of labor).

      You don't need intelligence for many valuable trade skills. I've seen guys that I'd estimate at an IQ of 85-90 or so pulling in ~$70k/yr doing skilled labor jobs (like certain types of welding, which can be learned pretty quickly by just about anyone, driving certain kinds of cargo around, hell taking care of trees in people's yards (analyze disease using a simple chart of "this color fungus or this type of hole in the tree means that", trim dead branches, apply pesticide + fertilizer)).

      The problem that causes the job struggle isn't a lack of decent jobs. It's a lack of motivation on the parts of the job-seekers. They all love to tell the sob-story about being unable to find a job, but they don't really want to do the leg-work to get a good one, either. Why not? You'd think "putting food on the table" would be a sufficient motivator. Starvation is a powerful tool, after all. It's because our over-socialized system puts food on the table for them. The logic goes like this: I can learn a real skill and bust my ass all day every day for $70k/yr (which isn't a life of luxury, but lets you own a house and cover necessities and take cheap vacations and have hobbies, etc)... or I can do unskilled min-wage work when I can find it (~70% of the time), bitch about the job market, and collect benefits from all kinds of federal, state, and local programs, combined with the sympathy of other citizens and random private charitable programs, and basically live a ~$45-50k/yr lifestyle for *far* less work invested...

    191. Re:Wages as share of GDP dropping since 1972 by NoNonAlphaCharsHere · · Score: 1

      Should my sarcasm detector have redlined?

    192. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      You're right, I see how well communism worked in Cuba and North Korea, versus, say, Russia, China, and, wait for it, Vietnam. Moron.

    193. Re:Wages as share of GDP dropping since 1972 by Chowderbags · · Score: 1

      Is that before or after companies just can't happen to find an American candidate with 10 years experience in Rust and 15 years experience in Windows Server 2013 and fluent in 3 different foreign languages and willing work 80 hour weeks for $40,000 a year? But they can sure find some H1b visa candidate who's a perfect fit and a candidate in Elbonia who's even willing to undercut that. But the American worker is bad for wanting to put food on their table.

    194. Re:Wages as share of GDP dropping since 1972 by Terwin · · Score: 1

      You need to either settle for what you're worth or endeavor (through school, training, etc) to make yourself worth more.

      That's easy for someone like you or to say, who presumably make more than $60k per year. But the reason I make 6 figures isn't because I chose to make 6 figures, it's because I got lucky and happened to both have the interests and innate ability in said interests to command those kinds of wages.

      The problem isn't that people are too lazy to make themselves worth more. The problem is that we don't need an entire population of Doctors, Developers and Stock Brokers. Some people due to their economic status as children didn't have the access or exposure to the necessary prequalifications for a high paying career. Some people are just too dumb. Some people are really good at things that don't pay very well. There are a lot of people out there who are really good at Basketball. I'm terrible at Basketball. But even the people who are really good at Basketball still probably aren't good enough to qualify for the minuscule job market for professional basketball players. And highschool PE teachers isn't a $60k a year job.

      You want to know why I currently make > 60K/year?
      Because back when I was in public school(a below average school in a below average district), I decided that if I wanted to be an above average earner, I had better start working on that.
      I looked at my interests and talents, going from more avid interests to less avid interests until I found something that I was willing to commit to that was also in demand and would provide a good wage.
      I worked at learning and developing what I would need for that profession, refining my goals as I went, Went to my local state school while living at home, often working in the computer labs late into the night so that after the buses stopped running, I had a 2 hour bike ride to get home.

      I see no reason any early teen that is willing to apply themselves could not do the same thing that I did and put forth a concentrated effort towards giving themselves a better future.
      (Admittedly it was not easy, and even with a rather generous definition, I had perhaps 3 dates before I graduated with my 4 year degree, but if you prioritize what is important, you can achieve it)

      Sure it may take more effort from some, or less effort from others, but there would be very very few for whom the required effort is outside the bounds of human endurance.

    195. Re:Wages as share of GDP dropping since 1972 by s.petry · · Score: 1

      The two examples were given to show where the ideal fails to cover the reality, there was no claim that the two were the same thing. The two types of examples given are not the only activities that skew the ideal given by Adam Smith when he defined Capitalism.

      How do you resolve the issue? Simple, you don't allow people to destroy companies and use legal provisions to punish people that do. In the case of a CEO receiving excessive payments the tax rate used to be the deterrent. This of course was in addition to Unions and Journalists supporting public benefit. Deregulation has "fixed" both of those things from occurring today.

      For a person embezzling money from investments to make other people profits, you simply enforce current laws protecting society from embezzlement. Who from management in Banks has been brought up on charges of this for example?

      Neither of these concepts are "new", neither require magic knowledge. 40 years ago regulations and laws were enforced much more unilaterally than they are today.

      Trying to excuse either of these two activities is complete bullshit.

      --

      -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

    196. Re:Wages as share of GDP dropping since 1972 by ultranova · · Score: 1

      If a CEO gets the owner one million dollars per day, the owner can afford to pay that CEO $999,999 per day and still pocket $1 a day. It's not your business. The owner can decide if the CEO is worth it. The CEO can decide if the pay is worth it.

      And the rest of the people can decide if it's in their best interests to support such as system or tear it down. The latter has happened before. Gartner seems to think it'll happen again and soon. You, apparently, think the current state of affairs is an unchangeable aspect of reality itself rather than a mere social compact.

      Employees are free to sell their labor elsewhere. They have the right to order their affairs and sell their time as they see fit, finding the most advantageous deal they can.

      And when the most advantegeous deal to the majority of people is to take to the streets and take a better one from the cold, dead hands of the CEO and the owner, what do you think will happen?

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

    197. Re:Wages as share of GDP dropping since 1972 by PRMan · · Score: 1

      This happened to me during the recession. I was let go at the peak and it took me 3 months to settle for a job worth only 2/3 what I was making. That happens sometimes, and it has taken me years to get back where I was.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    198. Re:Wages as share of GDP dropping since 1972 by Nadaka · · Score: 1

      People with average competence still deserve to earn to earn a living. They may not be able to demand a 40% pay increase, but making ends meet isn't unexpected.

    199. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      If this were real capitalism they would be able to. However this is a sick twisted mockery of capitalism.

    200. Re:Wages as share of GDP dropping since 1972 by PRMan · · Score: 1

      This argument is so tired. H1B workers MUST get paid EXACTLY the same as US workers. Maybe they can swing $5000 less to offset the costs of the sponsorship program (oops, I mean because they are "junior"), but it's not like they are being paid half or anything.

      Source: I've done H1B hiring. If they keep getting "your" jobs, that just means that they are better than you.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    201. Re:Wages as share of GDP dropping since 1972 by ultranova · · Score: 1

      But Capitalism has been proven to lift millions of people out of poverty.

      Capitalism made people so miserable it led to communist revolutions. The fear of more of them forced the capitalists to make some concessions to their "human resources". Then communism fell, after which the capitalists have been repealing those concessions. And so the history is repeating itself with social unrest on the rise again.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

    202. Re:Wages as share of GDP dropping since 1972 by PRMan · · Score: 1

      But how many raincoats do 100 owners need? How many raincoats do 350 million Americans need? It doesn't work. The money may be there, but the need isn't.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    203. Re:Wages as share of GDP dropping since 1972 by PRMan · · Score: 1

      Russia and China were EXTREMELY poor until they switched to what is in essence capitalism.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    204. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Classic economic growth theory was that technological advancements would come in and increase the marginal productivity of capital beyond that of labor and drive a shift towards skilled capital-intensive labor, and away from the cheap unskilled mass labor jobs.

      Ultimately, though the unskilled laborers suffer from unemployment in the near term, in the long term, they can find new jobs created to support the more capital-intensive industry and end up better off than if they kept their unskilled jobs.

      The problem is, it's just a theory. It's a model laid over past results from previous technological advancements, but there is no specific mechanism taking the unskilled worker into a new better job. Sometimes, the unskilled worker will just end up languishing. Especially in situations where education levels are low so that the worker is less equipped to shift into a new career (for example, illiterate fishing villages displaced by the Three Gorges Dam). Or, the jobs may simply spring up in another country, like India or China, and may be a step down. Simply put, labor is not as liquid as capital.

      There is no guarantee that a technology that eliminates 10,000 jobs will then generate >10,000 supporting jobs. It's a hope. Because technology is going to keep marching on whether we like it or not, all we can do is try to protect ourselves as it happens.

      Classic economic - and likewise political - fallacy is that things follow straight lines or simple curves.

      In reality, most of these curves have asymptotes. Moore's Law has been stretched like taffy, but few believe that it can apply forever. Some curves are multi-dimensional. Contrary to the assertions of some, taxes don't cause people to simply quit working - there's a point below which it's better to curse and continue, but that point varies depending on what's being taxed, what resources the taxee has to draw upon and what basic expenses for the taxee are.

      What we seem to be seeing is the approach of an asymptote.

    205. Re:Wages as share of GDP dropping since 1972 by WillAffleckUW · · Score: 1

      Murder for hire is also a market. Being a market does not make it clever or useful or right or desirable.

      This is why we have cereal killers.

      They refuse to pay $12 for a box of cereal.

      --
      -- Tigger warning: This post may contain tiggers! --
    206. Re:Wages as share of GDP dropping since 1972 by PRMan · · Score: 1

      Of course, a big part of the problem is inflation. There is no real reason things need to get more and more expensive.

      Not true. Since the population keeps going up, you need to print more money or otherwise you'd have deflation, which causes hoarding and kills the economy.

      A slight inflation is FAR preferable to the alternative.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    207. Re:Wages as share of GDP dropping since 1972 by ultranova · · Score: 1

      Right - it's much more like Mussolini-style fascism, where the Corporations and Government form "partnerships", often with certain corporations given monopoly or defacto monopoly control in some markets.

      Isn't that how America usualyl operates?

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

    208. Re: Wages as share of GDP dropping since 1972 by PRMan · · Score: 1

      Definitely the individual has the ultimate responsibility for their career path and debt levels. But having universities and high school guidance counselors that are woefully out-of-touch with the job market doesn't help one bit.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    209. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Pure. Fucking. Gold.

    210. Re:Wages as share of GDP dropping since 1972 by vux984 · · Score: 4, Insightful

      I see no reason any early teen that is willing to apply themselves could not do the same thing that I did and put forth a concentrated effort towards giving themselves a better future.

      Yes, no reason why any particular early teen that is blah blah blah can't do the same thing.

      But all of them? Lets say every one in the country were to take up your challenge. They'd all be above average earners?

      Do you see the inherent basic math problem with that premise?

      We need a solution that works for society, a solution that works for everyone. Not just someone in particular. Because a solution that elevates a few who try hard isn't really a solution, because if everyone tries hard then it doesn't work any more.

      If everyone goes to school, and everyone busts their ass, and everyone applies themselves, then at the end of the tunnel... the pyramid of available jobs still needs to be filled, and the pyramid has a very large base.

      If everyone does what you did, then some of them are still going to be stocking shelves at walmart and serving coffee at starbucks.

      So we need to just accept that, and design an economy where we can compete with our peers to better our position in a job 'market' while at the same time ensuring that the bottom end of it is still pretty livable, since nobody how hard everyone tries an awful lot of us are going to be living there.

    211. Re:Wages as share of GDP dropping since 1972 by XcepticZP · · Score: 0

      I'm glad you used the word market when describing the inability of workers to get decent jobs. A "job market" is just that, a market. By being a market, it has certain properties that will astonish most people. For one, you can choose to use a different market. And you can make your own market, if you wish. You can choose to participate in a different market by moving/emigrating. And you can create your own by starting your own town/city/village.

      Please don't blame the rest of us for your lack of motivation to deal with inconveniences. Just because another group of people's work/skill/production performs well in a particular market, doesn't mean you deserve the same benefits they enjoy. We're all a commodity/product, or whatever meat term you want to use.

      On a side note, there is a bit of irony when it comes to unskilled labor and the poor. The poor and uneducated continue to breed (produce) more supply for the jobs they so badly need, thereby reducing their own value. They're free to do that, just please quit paying them to do it as you're spoiling the world for all of us.

    212. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Read up on monopsony and monopsony-like forces and how they distort willingness in the job market. It's not just for the deemed-unskilled, it's for everyone that is not an employer(until they get their regulatory comeuppance).

      The putative "distortion of willingness" is proportional to the ability of individuals to make pareto optimal decisions based on external pressures. Thankfully, the people involved are not as mechanistic as you appear to be trying to imply they are.

      Bad decisions about career path are the individual's responsibility, as is the decision to major in a field which society at large values less than some other field. So is the decision to rack up a large amount of debt, rather than working ones way through college, rather than taking on that debt, if one is incapable of obtaining third party funding in the form of stipends, grants, or scholarships. When you combine the two, and rack up a large debt to specialize in something society deems has little economic value, you've made a mistake.

      "Poor choices" are often 20-20 hindsight. Not long ago, if you were a halfway decent programmer, the choice to spend $100K on getting a degree in CIS was a "good" one. Based on past performance, you could easily pay off the debt and buy a Porsche.

      Then the Internet made it possible to offshore coding to countries where a week's groceries cost about the same in real dollars as lunch does for that programmer's course at the local deli (based on circa-2001 salaries and prices). And the Y2K disaster turned out to have been better planned for than expected (unlike most IT projects).

      The resulting financial massacre took years to recover from, and some of the primary reasons that things have improved came from salary inflation in Asia, less-than-sterling returns on cheap labour, and an ongoing growth in technology. A career in programming is still not something I'd recommend lightly to a college student.

      And that is the whole point of this particular discussion. You CANNOT make "Good" long-term choices. To do so, you'd not only have to have perfect knowledge of market conditions, you'd have to be prescient. Planning can help, but luck is always a factor.

    213. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Who gives a fuck what people made 300 years ago? How is that relevant? That's just the same dipshit hogwash that retards like you trot out to seem like they know fuckall about history or economics. You're just another pussy ass who was born on 3rd base and acts like he hit a fucking triple. You're only fooling yourself.

    214. Re:Wages as share of GDP dropping since 1972 by PRMan · · Score: 1

      But I would suggest that the average American today lives MUCH better than the average American in my parents' generation.

      My parents were middle class to upper middle class. My family is also upper middle class.

      Growing up, our refrigerator would be nearly empty a lot of the time. And we went out to fast food once a week and to a nice restaurant a few times per year only for special occasions. We now have so much food that our refrigerator and pantries are completely stuffed and we go out a lot more as well.

      Growing up, we went without furniture in the living room for years. My wife and I furnished our house the second month.

      My parents drove bottom of the line cars with no extras. I drive luxury cars with tons of extras.

      We went on cheap vacations and didn't do almost anything on those vacations because it was "expensive". While we still do a lot of driving vacations, my family does a ton of stuff on those vacations. And we just went to New Zealand for 2 weeks. My family never did anything like that.

      And just like my parents, I always pay off my credit cards every month, so this isn't a fantasy because I am hopelessly in debt. It's a reality.

      The bottom line: it doesn't compare. At all. People ARE living longer, happier lives. And I could tell you about poor people in my parents' day and poor people today and I guarantee you that poor people today have WAY more stuff and live way better than they did back then too.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    215. Re:Wages as share of GDP dropping since 1972 by AlphaWolf_HK · · Score: 1

      Contrary to popular belief, good CEO's aren't a dime a dozen. All too often I run into people who think they could be a CEO, meanwhile they don't know the first thing about accounting, couldn't manage their way out of a wet paper bag, and are so bad with their personal finances that they pay the minimum on their credit card. Yes, some are overpaid (Steve Ballmer comes to mind with as crappy of a job that he does) but the vast majority are not. If you want to attract a good one, you better be prepared to pay more. The board of directors of a company aren't just going to give their money away to somebody who isn't worth their pay (which is why Steve Ballmer is on his way out.)

      Also, telling a company to lower its profit margins is every bit as rude (to all stakeholders) as telling a rank and file employee to ask for a lower wage, and it's just as likely to happen.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    216. Re:Wages as share of GDP dropping since 1972 by geoskd · · Score: 1

      Good for the owner. If someone is unemployed and unemployable, then they are contributing nothing to society at that point. It is everyones responsibility to find someway to contribute. They get to set a price or their contributions, and if others agree on that price, they get paid. If you can't do anything that you can get paid for, what good are you to the rest of us?

      There will come a time when the majority of people have nothing to contribute to society that has any value. Most of the people who I work with fall into that category. Many of them like myself believe that they could in fact contribute if given the chance, but I have no illusions about where I would stand in that world, and I fear I will live to see it. The owners of mention are not any more qualified or any more fit to survive, but they are lucky enough to fall into the position they are in, and be the ones with the assets. The rest of us will have to fight (literally) to survive.

      --
      I wish I had a good sig, but all the good ones are copyrighted
    217. Re:Wages as share of GDP dropping since 1972 by PRMan · · Score: 1

      "higher quality of life"

      I don't think that they did.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    218. Re:Wages as share of GDP dropping since 1972 by sqrt(2) · · Score: 1

      The disconnect here is that some people seem to think that if they're worth less to the market, they're therefore worth less as a human being. There's a level of dignity and prosperity that every person is entitled to, that our society is more than capable of providing, that we are failing to distribute adequately. If market forces alone could accomplish this you'd hear no more from me, but the markets have empirically failed to keep everyone out of poverty, to keep the environment clean, to intelligently manage natural resources (the birthright of every human), and to provide for those unable to help themselves.

      --
      If you build it, nerds will come. Soylentnews.org
    219. Re:Wages as share of GDP dropping since 1972 by AlphaWolf_HK · · Score: 1

      There are a few things wrong with this:

      1) Getting paid isn't a civil right. You have no right to money for nothing or or chicks for free. Somebody has to be willing to give these things to you. If they give it to you for nothing, that is charity. If they give it to you in exchange for work, that is a job.

      2) That is completely false. Anybody can start a business in a truly capitalist system. For example, taking your own initiative to knock on doors to mow lawns in exchange for money is running your own business.

      Go read up on how the company called Two Men and a Truck was started. Under your reasoning, this isn't possible, yet it happens all the time anyways.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    220. Re:Wages as share of GDP dropping since 1972 by AlphaWolf_HK · · Score: 1

      Regular walmart shopper here:

      Not only that but they are more willing to hire people that are rude assfucks, or just plain don't give a shit about customer service.

      These people won't get a job anywhere else. Just not going to happen.

      Does that stop me from shopping there? No, because I don't go there for that, I go there because I want a tomato and a box of cereal at discount price. Wal-mart knows this, which is why they hire them. If it weren't for wal-mart, they'd likely have no job at all.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    221. Re:Wages as share of GDP dropping since 1972 by Catbeller · · Score: 1

      Why would prices need to rise - they make tens of billions of dollars in profits each year, split between a few family members. Take the pay raises out of those pockets. A tiny amount of their personal dad-given profits would fuel the rebirth of the middle class. The Walton clan would be able to buy only one personal luxury liner a year per descendant, rather than two each; the country would survive that horror, I think.

      The US doesn't have a productivity problem. It has a greed problem. We've tens of millions of newly impoverished citizens because clever boy and girls have figured out how to absorb nearly all the profits that used to be paid to the middle class. The only trickle-down we see is the stream being directed onto people's heads by a few thousand Ayn Rand worshipers.

    222. Re:Wages as share of GDP dropping since 1972 by sqrt(2) · · Score: 1

      There's ten thousand in the hungry mob for every thug with a gun you can hire. They still win, loot all you've got, burn everything else, and now society sucks for EVERYONE.

      Care to try again? Here's a tip: any solution which relies on vast swathes of humanity quietly laying down and resigning themselves to starving to death without a fuss isn't going to work.

      --
      If you build it, nerds will come. Soylentnews.org
    223. Re:Wages as share of GDP dropping since 1972 by sqrt(2) · · Score: 1

      It's a pretty big leap to say that because something doesn't exist now, that it will therefore never exist. We're talking long timelines here.

      --
      If you build it, nerds will come. Soylentnews.org
    224. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Haha. That's the funniest thing I've read all week thanks for the good laugh.

    225. Re:Wages as share of GDP dropping since 1972 by AlphaWolf_HK · · Score: 1

      You're assuming that they could just increase the price of everything they sell by 1.1% and everything will be happy go merry.

      Not so fast. Odds are you've never run a grocery store before. Some stuff you sell has to be sold at a loss - like bread for example. Bread is such a loser when it comes to money, but if you don't carry it you'll probably lose a bunch of customers. Since customers expect to pay jack shit for bread, pretty much everybody sells it at a loss. Same exact thing for milk. So raise the price on other stuff then, right? Wrong. You also get people who just come for those other things, and they'll remember when you sell an apple for a dollar and your competitor sells it for 90 cents. These little things add up when you shop for two weeks of groceries in a day, and your customers notice the difference that they spent at your place vs somebody else down the street.

      Walmart does so well because they've mastered this game. They operate at almost the slimmest profit margins of any business period, and doing so isn't easy. You have to have all of the details sorted out exceptionally well or else a tiny profit margin can quickly turn into a huge loss at the drop of a hat. And by drop of a hat, I mean the slightest changes in consumer purchasing habits can render entire shelves of goods worthless, so they have to be anticipated exceptionally well if you are going to do what wal-mart does. Likewise, that also means being able to anticipate new consumer demands before the consumers even start to buy them. If you want an example of this, look at how wal-mart anticipated a sudden spike in demand for American flags after 9/11 (and no, it didn't involve knowing about 9/11 before it happened.)

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    226. Re:Wages as share of GDP dropping since 1972 by Catbeller · · Score: 2

      We call it "Congress", where we used to pass "laws" that made people middle class instead of insurance-free serfs. Left to the "free market's" mercy, most people would live in animal-skin tents and drink acidic rainwater. There ain't no such thing as a free market. Rich people shut down free markets for labor as fast as they can manage it.

      The commies-are-coming crap should have died with the Birchers. Sadly, we consider Birchers liberal nowadays.

    227. Re:Wages as share of GDP dropping since 1972 by XcepticZP · · Score: 1

      I am genuinely curious, do you really believe this? That the worker bees are free to just go elsewhere to make more money? Just look into US history for labor violation. Think company store.

      I don't know about the person you're responding to, but I firmly believe it. The "worker bees" are free to do anything they please, including quit to work at another company. Or move. Or emigrate. Or live in the wilderness. That is their choice, and their right. They may not always be in a position to do so due to circumstances or their willingness to endure hardship/inconvenience, but that's a separate issue entirely.

      Note how you use the loaded word "worker bees". I'd make a joke here about you being a collectivist, but that wouldn't be very nice.

      It is simply a fact of life, many of those with power will take advantage of those without power. It is Human nature. If you want to have a functioning, peaceful society, then yes, you really need to regulate things like labor laws.

      You are most certainly correct. People with power will take advantage of those without it. And they, too, are free to do so, as long as they don't infringe on anyone's property rights and don't commit any fraud. Those two laws alone will fix society immensely and multiple times that of any labor law.

      Another thing. We currently have a metric fuck ton of labor laws. And we most certainly do not have a functioning, peaceful society. If we did, then people would be happy and not calling for wealth redistribution, more labor laws and innumerable other regulations. This is because society will never be perfect, never finished, and no one will ever be satisfied with what they currently have.

      Remember this. MOST people in the US live pay check to pay check. They CANNOT quit their job. If they lose even a week of pay, that is is the difference between eating or rent.

      Well, you need to take a step back and ask yourself why they are living paycheck to paycheck. If they cannot quit their job, then their first priority should be to start saving. If you live paycheck to paycheck, you're already living way beyond your means and you need to remedy that as soon as possible.

      I am lucky. I don't really need to worry about these things, but it wasn't always the case. And back then, it was scary. Having lived it, I firmly believe we need regulate these things.

      Regulate what? No, really. Tell me one single regulation that will fix it without having negative effects on someone else? See, that's the problem with socialist beliefs. They're all fine and dandy when it's someone else's money being used to fix societal ills. Instead, why don't you join up with a bunch of your friends/family and get a fund going to help each other out in tough times?

      People don't live in a bubble. It's unfortunate that people sometimes don't have a family/friend support structure in place to help them if they go through a rough time in life. Perhaps they won't make the same mistake their parents did when they have kids of their own, and will either not have the child or they will start saving early in order to have a support structure in place for the kids when they are down in luck.

      Of course, a big part of the problem is inflation. There is no real reason things need to get more and more expensive.

      Things don't get more and more expensive. It's just that your money get's less and less valuable. You can blame your loving socialist government for that. You know, the one you so eagerly want to create laws and regulations for all sorts of petty little things.

    228. Re:Wages as share of GDP dropping since 1972 by sqrt(2) · · Score: 1

      If I have a "universal fabricator" which can make virtually any consumer good I want, then the only thing I need is raw materials and land. So I trade my raw materials with other owners. Anyone who doesn't own land or raw materials doesn't get to play; and that's the overwhelming mass of humanity.

      I'm sure they'll all just die quietly, accepting the fact that they lost the game. Right?

      --
      If you build it, nerds will come. Soylentnews.org
    229. Re:Wages as share of GDP dropping since 1972 by sqrt(2) · · Score: 1

      That's the only way for a libertarian to be internally consistent and intellectually honest, and I'm actually always impressed when I see people own up and speak the truth about it. He has to give that answer, or else do some embarrassingly inadequate handwaving while making noises about private charity picking up the slack.

      --
      If you build it, nerds will come. Soylentnews.org
    230. Re:Wages as share of GDP dropping since 1972 by Catbeller · · Score: 1

      Great post.

      Here's another bit for the pile. If everyone in the world had talent, drive and opportunity to become a doctor, developer or financier, and became such, would everyone be well off at a 60K+ salary in the free market of labor?

      Another way of stating it is: if everyone had a ton of gold, would everyone be rich?

      Wouldn't work, would it? If everyone is Tony Stark, doesn't mean everyone gets a skyscraper. Developers or doctors would be as cheap to hire, and as desperate, as any burger flipper. Scarcity drives value, not abundance.

    231. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      So, what you are saying is that it's Walmart all the way down?

    232. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      In capitalism (following the ideas of Adam Smith and David Ricardo), you build your advantage where you have a competitive advantage. That's why we still have things like microbreweries and corner liquor stores.

      Until somebody big enough legislates against you. You free market dickheads seem to always overlook market distortions. Want to kill a labor market distortion? Kill the H1B. Want to kill artificially short supply of family doctors? Tell the self-interested AMA to unfuck itself and approve new medical schools. Want to do cheaper banking while maintaining choice? Eliminate the ability for big banks to rip the balls off credit uniions.

      I could go on. It's all about the market distortions, and they are never in favor of the common man.

    233. Re:Wages as share of GDP dropping since 1972 by mynamestolen · · Score: 1

      Labor is a market, just like any market. The work that unskilled people do in a non-skill-requiring job is worth a certain amount. That dollar amount is the intersection of [whatever a company is willing to pay] and [whatever those people are willing to work for].

      You can start a company, pay people whatever you think is fair. That is your right.

      I cannot believe a sane person believes this neo-classical economic shit any more. Jesus, it's so simple. Every school kid should know by now that market allocation of resources has nothing to do with efficient market allocation of resources, not to mention just distribution. Cute how you segue into non-skill-requiring job to prop up your silly proposition. Would you care to draw the line for me between skill/non-skill? I thought not. So off we go, pay CEOs squillions and workers peanuts. Your mind is so colonised by shit that I wonder why I waste my time. FFS "the market". [throws hands in air in despair ]

      --
      work in progress
    234. Re:Wages as share of GDP dropping since 1972 by CanHasDIY · · Score: 1

      Source: I've done H1B hiring. If they keep getting "your" jobs, that just means that they are better than you.

      Yes, because it certainly has nothing to do with the fact they can't quit of their own free will, and go work for one of your competitors.

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
    235. Re:Wages as share of GDP dropping since 1972 by Catbeller · · Score: 1

      That, and we spent (tens at least) of trillions in adjusted dollars waging war against any communistic, or hell, socialistic country until they failed from sheer economic exhaustion. We're still embargoing Cuba. The Soviet Union fell, not because it wasn't feeding people (Russia today has far worse economic conditions for its people), but because the oil market collapsed for OPEC around 1980-1982. Russia makes most of its overseas cash selling oil. They didn't have enough to buy foreign goods, and they were spending ridiculous amounts on their military in our war on them. Was easier to sell everything and make commissars into billionaires with golden toilets. The people went to hell, though.

    236. Re:Wages as share of GDP dropping since 1972 by Catbeller · · Score: 1

      Inflation doesn't exist, other than oil prices rising in 2006 and then staying risen. The rest is greed.

    237. Re:Wages as share of GDP dropping since 1972 by bigsexyjoe · · Score: 1

      Capitalism is complex and artificial system developed by man in the last thousand years. Money is artificial and doesn't exist without a government. The corporations that own most of the property are artificial and don't exist without the government. The whole system is artificial.

    238. Re:Wages as share of GDP dropping since 1972 by The+Cat · · Score: 1

      Please list five job skills. SKILLS, not knowledge or degrees.

      Ready, go.

    239. Re:Wages as share of GDP dropping since 1972 by ShanghaiBill · · Score: 1

      how much of that 1.1% is basically our tax money?

      None. These people are working for Walmart because that was the best opportunity available to them. If Walmart did not give them jobs, they would likely be working for less, or be unemployed. Which means they would be getting even more assistance from the taxpayers. So Walmart is not causing their dependency on food stamps, Walmart is reducing it.

    240. Re:Wages as share of GDP dropping since 1972 by ranton · · Score: 1

      But let's address other libertarian anarcho-capitalist concerns. Without big buck potential nobody would start the next Microsoft. Personally I think a $200,000 salary would make a lot of people really happy since 99.5% of the population would see a HUGE pay increase. The number of people making six figure salaries would increase. The number of people buying cars would increase. The number of people upgrading their ipad every year would dramatically increase.

      But you still need to motivate that top 5-10% to do the innovative work that moved us from an agricultural society to the information age.

      Based on my performance a while back in school (as a severe slacker at the time), I have the innate ability be in the top 10% of performers in my field with virtually no work. I am sure people like Bill Gates, Steve Jobs, etc. could do the same. But in today's society, I still have to work very hard to make over $100k. I do this work because I would probably only make around $60k or so if I was coasting through life.

      But if I made $150-200k per year while coasting through life (which I probably would in your model), I surely would not be as productive. I like software development, but I still like watching football, playing video games, and spending time with friends/family more. But considering the number of metaphorical fires I put out for my clients, I think they are very happy that I work as hard as I do. If it was easy to find people to replace me, I would be paid far less, and I would find far less projects that were failing for years before people like me came along.

      If I wasn't working that hard, more projects would fail. And I am not that unique; this would be true for a huge number of highly skilled workers. I have a few lawyer and doctor friends with far higher incomes than mine, and none of them would put the same hours if they could make six figures with minimal effort. And none of this even approaches the top producers in our society whose accomplishes dwarf mine.

      --
      -- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
    241. Re:Wages as share of GDP dropping since 1972 by DerekLyons · · Score: 1

      Wal-Mart hires people on the bottom rung because they can get away with paying them the least. By concentrating on price, only on price, coupled with astronomical volumes, and their arm-twisting style, Wal-Mart has started the whole world on the race to the bottom.

      That's what everyone believes - but like most things that 'everyone knows', it's completely wrong. Wal-Mart didn't start the race to the bottom, that started back in the late 19th century with the rise of the chain store and really got going in the nineteen teens with the rise of the discount store.
       
      And let's not forget the prime reasons Wal-Mart does those things: if they didn't, they'd still be a one-store operation in backwater Arkansas... if they were even still in business. Wal-Mart (and McDonald's, and a whole raftload of other consumer facing businesses) exist in their current form not in a greedy vacuum, but because the American consumer is extraordinarily sensitive to price, to the near exclusion of all other factors.

    242. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      That 1.1% price difference is what got them where they are.

      Without stock markets - you'd still have people buying and selling ownership in their business interests. The market is the result of that. It will happen anyway.

      I'm not defending either of htese as good - I see the problems - but simply saying "they are evil" gets us nowhere.

    243. Re:Wages as share of GDP dropping since 1972 by turbidostato · · Score: 1

      "I see no reason any early teen that is willing to apply themselves could not do the same thing"

      Sorry to bang your bubble but you are making over 60K/year because you worked hard AND you were lucky.

    244. Re:Wages as share of GDP dropping since 1972 by turbidostato · · Score: 1

      "There's a fallacy here: where do the owner's profits come from if not from the workers buying the goods manufactured by the owner's company?"

      From other owners. Have you read even a single History book? If you did you'd know that's exactly how Humanity has worked for most of its time.

      It's been not much more than a century that we've had a really massive middle class (and that, only on first world) and it's a good thing.

      The 0.1% want to return to the old statu quo of a decanted society with a ruling minority and a massive amount of serfs. The really annoying thing is the really big chunks of almost serfs that gladly support such distopy.

      "This is the same fallacy that is used by Marxist economists, but economic growth is NOT a zero-sum game"

      The very point of this article being that high technology may be approaching us to the point where it either asymptotically approaches a zero sum game or the capital gains so greatly displaces labour gains that for the laborers doesn't mind one way or the other.

      "(Gains from Trade)"

      Gains from Trade forcibly requires both arbitrage and value added by the middle men. Globalization and technology are both eradicating market differences and middle men value, so go figure.

      Whenever you base a rationale in some premises is good to review your premises from time to time in case they are no longer valid.

    245. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      No sir, you fail. You fail to recognize that the natural 'market forces' have created a situation where this labor worker only receives enough remuneration to feed himself and pay rent. He doesn't have the luxury of being able to save. He is right, and you are wrong.

      Having said that, shouldn't this be a good thing? Less people required to work, yay! Work sucks! The problem is not that there are no jobs, the problem is that the people who are collecting the wealth aren't 'sharing' it with the rest of us! And by sharing I mean tax. Because we are all in this together, we should have a social system that works to support us all, and I mean more than just the dole. If only one person in a family actually works, they should be paid sufficiently to feed their entire family, including siblings and their families too. It just makes sense.

    246. Re:Wages as share of GDP dropping since 1972 by turbidostato · · Score: 1

      "Add a third person and it gets even better. Pool resources. What you can't afford on your own, share with others. It works."

      Congratulations, you just invented socialism.

      Bad news is that right now federals are approaching your home to send you to Gitmo, you know, communism being antiamerican and all that.

    247. Re:Wages as share of GDP dropping since 1972 by seebs · · Score: 1

      Fundamental attribution error. You're ascribing your successes to effort, and other people's failures to effort, but not your successes to luck or circumstance, or their failures to luck or circumstance.

      This is, nearly always, wrong on all four counts.

      --
      My blog: http://www.seebs.net/log/ --- My iPhone/iPad app: http://www.seebs.net/seebsfrac/
    248. Re:Wages as share of GDP dropping since 1972 by phantomfive · · Score: 1

      I'm not sure what your post has to do with mine.

      --
      "First they came for the slanderers and i said nothing."
    249. Re:Wages as share of GDP dropping since 1972 by seebs · · Score: 1

      And being poor makes you less able to make better decisions, so there's a feedback loop. End up poor and over your head briefly, and it's much, much, harder to recover.

      --
      My blog: http://www.seebs.net/log/ --- My iPhone/iPad app: http://www.seebs.net/seebsfrac/
    250. Re:Wages as share of GDP dropping since 1972 by phantomfive · · Score: 1

      Comparative (not competitive) advantages are disappearing.

      No they aren't, that's such a silly assertion I'm not even sure why you would make it. If anything, specialization has been increasing.

      --
      "First they came for the slanderers and i said nothing."
    251. Re:Wages as share of GDP dropping since 1972 by Xyrus · · Score: 1

      ...We need to redesign residential areas where the Rich and the Poor live together and we have an infrastructure to allow people to work.

      Considering how most rich seem to consider the poor to be some sort of plague carriers that should be burned and buried in mass graves, I don't see this coming to fruition any time soon.

      --
      ~X~
    252. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      My point exactly. Why should ANYONE have to work? Well OK, let me rephrase, why should EVERYONE have to work? This is the problem we should solve. They've got us all high on the modern slavery thing. We don't all need to work we just need a good social system that takes care of everybody properly. We dont put enough value on NOT working for pay, ie. parenting, volunteering, exercising, researching, etc. Once we get beyond the idea that money is the only thing in our lives with value, we'll figure it all out, including our environment problems.

    253. Re: Wages as share of GDP dropping since 1972 by invisible+handiman · · Score: 1

      You are looking at the wrong side of the equation. Inflated stock valuations as opposed to the price of labor is a direct result of the Fed pumping $85B a month into treasuries. The investment dollars that would have purchased treasuries buys equities instead. This papers over (pun intended) the deflationary reset that should have happened five years ago. The result is an economy with no real growth (jobs) but ever increasing stock valuations. That 85 large has to go somewhere. So before we try to add central planning to both sides of the equation. I wonder what would happen if we let real markets determine the actual time value of money. Fed manipulation of interest rates = dishonest transfer of wealth from labor to share holders. It is that simple.

    254. Re:Wages as share of GDP dropping since 1972 by DNS-and-BIND · · Score: 1

      "Let's not go with the solution that works...let's try the one that failed repeatedly!" "OK!" You see how dumb that sounds?

      --
      Shutting down free speech with violence isn't fighting fascism. It IS fascism!
    255. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      Read deeper, you'll get there.

      Read Smith too.

    256. Re: Wages as share of GDP dropping since 1972 by Zontar+The+Mindless · · Score: 1

      Thanks for the new word!

      --
      Il n'y a pas de Planet B.
    257. Re:Wages as share of GDP dropping since 1972 by phantomfive · · Score: 1

      My post had nothing to do with regulations or corporations.

      --
      "First they came for the slanderers and i said nothing."
    258. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      You can afford to pay $12 for a box of cereal. Be honest. You could do it.

      Why don't you?

      Processed foods are why health in this country has gone down hill at an extreme rate. Cereal and I believe your point being the "healthy" ones, are not something you can survive on.For that same price you can get fresh eggs, bacon, ect.. "real food" and make it yourself, and it isn't a one time deal you can make it again and again before needed to resupply, of course by your cereal comment you have to be single, so it should last, little more difficult if you have two people or a few kids.

      The problem is (again by your comment not picking on you but) cereal is re made and ready to go, no one seems to want to make the time to cook up there own food, or going thru the problems of having clean up after themselves, or others.

    259. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      I am an H1B. I quit my job about 4 months ago, to work for another company. Oh, and that was because I wantend it. So free will and stuff.

    260. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      I agree with your assertion; however I don't agree that the answer is "stop being lazy". Just as there people who have a high IQ (known as cognitive skills), there people with a high level of motivation, social skills, etc. (known as non-cognetive skills) which we could abstractly call non-cognetive IQ (NCIQ).

      Just as IQ is fairly involitile number influenced healivy by childhood situation, research suggests that NCIQ is influenced in similar ways. Therefore you argument, which essentially tells lazy people: "don't be lazy", is analogous to telling a dumb person (meaning a person with a low IQ), "don't be dumb".

      I do not purporte that we allow low NCIQ to be a valid excuse like we would a mental disability, but it is important to understand the obstacles we face.

    261. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Money is not the same as dollars. Money (as in currency) can be private.

    262. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      > If they keep getting "your" jobs, that just means that they are better than you.

      You mean they perfectly fit the requirements of the job custom tailored to fit the H1B instead of me? Yes, I suppose that's true. They are indeed better than me at being the person the company has already decided to hire.

    263. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      Then your post had nothing to do with it's parent post.

    264. Re:Wages as share of GDP dropping since 1972 by phantomfive · · Score: 1
      Well, maybe you were reading the wrong thread, but he said,

      The very central premise of capitalism is that in most cases *you can't start a business*.

      And I was pointing out that it's very much NOT the central premise of capitalism.

      --
      "First they came for the slanderers and i said nothing."
    265. Re:Wages as share of GDP dropping since 1972 by Fned · · Score: 1

      If Walmart did not give them jobs, they would likely be working for less, or be unemployed.

      So when Wal-Mart opens a store in an area, it results in more jobs in that area? Do you have a cite?

    266. Re:Wages as share of GDP dropping since 1972 by sjames · · Score: 1

      I guess you missed the part about the large (read corporate) incumbents that make it impossible. Then you took a tack that is typical of the no regulation of any kind crowd (If I misread between the lines,. my apologies). However, that barrier to entry is exactly the sort of thing Smith would consider unhealthy.

      He warned that as businesses start growing much beyond sole proprietorships, things go south.

      So, in that sort of market gone south world, it is awfully hard to start business of any kind. That's why the vast majority of all businesses fail within a few years.

    267. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      "I am lucky enough to have high quality skills, intelligence, and the work experience to show I am worth the investment."

      Yet you still said payed.

    268. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Soviet Communism fell as much due to oil price fluctuations and the use of widely available fax machines to spread information, as much as anything else. Reagan's arms race had something to do with it, too. It certainly didn't fall because it made people poorer. While several million people got trampled because they wouldn't go along with the program, it's also the case that about 20 million got killed winning World War II so the US could come in at the end and claim the glory and the spoils in Western Europe. That, more than any other fact, is what led to a sudden downturn in economic output in what was otherwise a rapid industrialization.

      Certainly by the 70's, when everyone had guaranteed housing and employment and many everyday folks had the funds to fly to the black sea every year, the situation was nothing at all like what you describe. Peasants? Goats, cows? What part of Soviet Russia did you ever visit? It didn't fall because of internal economic factors, it fell due to political factors.

      Nor does Communism in general seem doomed. Cuba? North Korea? They should have "fallen" long ago, but they just keep going and going, being a pain in everyone's a**.

    269. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Now, the "law" of supply and demand is a human society law, not a natural law, so it can be overtaken.

      Very improbable, but not impossible.

    270. Re:Wages as share of GDP dropping since 1972 by ultranova · · Score: 1

      Perhaps those fresh graduates shouldn't have spent $100K on a low-paying career path. Poor life choices are ones own fault.

      Well, in a free-market situation, every career path is a low-paying one, since money in your pocket is an inefficiency (from the market's point of view) which competition will remove. Thus getting an education is always a poor life choice there, having an expected utility that tends towards zero. And so does every other choice; that's what efficient market means.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

    271. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      There's also that "work hard and you earn the big bucks" bullshit that just doesn't wash.

      You get big bucks if you work hard, and if you were lucky enough to be in the right place at the right time.

      How far would Gates have gone with Microsoft if he started it now? Not very. How far if he'd started it in the 20s when there wasn't a computer in the world? Nowhere.

      Another question: how far would Gates have got if his father hadn't been there to flash his checkbook and make a large donation because his son had been stealing University computer time to compile his programs for sale? He'd have got to jail, and then when he got out, the computer revolution would have started without him.

      Luck plays a larger part in the success of any hard worker than they would like to admit - if they were lucky, they wouldn't deserve the ridiculous pay packets they get.

    272. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      But Capitalism has been proven to lift millions of people out of poverty.

      A lucky few. Sadly, for the other billions...

    273. Re:Wages as share of GDP dropping since 1972 by LDAPMAN · · Score: 1

      "Capitalism made people so miserable it led to communist revolutions"...No it didn't. Neither China or Russia/eastern europe had a capitalist economy prior to the revolution. They were both feudal agrarian societies.

    274. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Best solution: the employees become the owners. You can't have a struggle between labor and management when they're the same people. Democratic Capitalism FTW!

    275. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Yes but then we have economy split: one, highly technological where producers and consumers are rich, and another one predominantly manual, where "unemployed and unemployable" work at first just for themselves and later exchange their products and services among themselves, mostly for satisfying bare necessities of life (plus means of sedation) - a restart of civilization for them. Along the course of its evolution, that renegade society will inevitably expand its hunger for natural resources (controlled by civilization of the rich) and that will lead to conflict between the two, probably with disastrous consequences for the civilization of the poor. It will be either an outright genocide of majority of human outcast population, or they will choose their deaths: getting killed charging against robotic armies of the rich, or dieing from malnutrition, diseases, or fighting their fellow new barbarians to death for scraps and place in the sun.

      However, economies of scale won't work well for such small markets for the rich. They will probably either push down those a little less rich out, over time shrinking more and more, or make some kind of communism for elite only. In the end, the high society will rot as well, first a moral death, then escaping dull reality, and finally biologically, leaving robots to guard an empty shell against the rat peoples around it, until even the robots finally accumulate enough faults to grind to a halt. When civilization finally rebounds and descendants of human trash start asking questions about the apparent remnants of the past, they will probably make up a narrative which include hypothetical ancient astronauts from outer space being god-like creatures for their ancestors...

    276. Re:Wages as share of GDP dropping since 1972 by Wycliffe · · Score: 1

      It also takes luck, and risk. Starting a business can be the path to great fortune - or to bankruptcy.

      Yes, certain ventures take luck and risk, but many do not. It's easier than most people
      realize to create new wealth. For instance if you grow tomatoes in your backyard, you can almost
      certainly sell them, eat them, etc... Your per hour rate might not be great but there is really no risk.
      Likewise if you buy a junk car/bike/house and fix it up then there is very little risk as you can
      usually always sell it for what you paid for it but if you spend the time fixing it up chances are you
      can sell it for alot more.

    277. Re: Wages as share of GDP dropping since 1972 by Wycliffe · · Score: 1

      >
      > . In addition, things are otherwise more stable wrt compensation/benefits/employment.
      >

      I disagree with this part. Yes, your income is more stable week to week but so what? You shouldn't
      be living paycheck to paycheck anyways. Someone who is self employed actually has more stable
      compensation in alot of cases especially if they have multiple clients as they can't show up to work
      one day and have their income instantly drop to zero because of factors outside of their control.
      And I know multiple people who are employed yet decline employer benefits and keep their own
      insurance just because it is more stable to have third party insurance than to have your insurance
      change everytime you switch jobs. So yes, compensation/benefits/employment are more stable
      as long as you stay with the same company for a long period of time but that's becoming rarer and
      rarer.

    278. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 1

      Go ahead, try to figure out a way to take a peasant whose entire worldly assets are a goat, a cow, and a couple of chickens even worse off. No, seriously. Communism figured out that problem and applied it to hundreds of millions of humans just like you.

      It is a myth. In the longer run, communism made peasants much better off in terms of quality of life and social mobility, which said peasants could never accomplish with assets you listed. The communists made blunders when they didn't have any experience in running countries and when they tried to blindly take more then there was and give nothing back. The downfall of communism is consequence of getting masses too satisfied too fast, which led to a sort of decadence among those with lower aspirations and dissatisfaction among those who wanted more from their lives. Communism died out from boredom and widespread sense of inconsequentiality - whatever you do or however sloppy you do what you do, no grave consequences will arise, you will live your dull life based on stupid script just like anyone else, time will pass, you will grow old and die ... unless you do something stupid like talk against communism and political leaders - then your life will get somewhat worse (or end abruptly, in fresh communist countries), but you get to eventually emigrate to West and have something actually happen in your life. Communism in eastern Europe was like eternal 1970's: booze, sex, kitsch. 80's killed communism, and it is not just a coincidence.

    279. Re:Wages as share of GDP dropping since 1972 by AvitarX · · Score: 1

      I agree with your premise, and my Grandmother has a similar sentiment. Of course my Grandmother worked a while and has a decent pension that goes beyond just being taken care of, which helps her to fill her time far better than I could for example.

      I certainly don't live to work, but if I were a billionaire, I'd probably still want to work doing something (really anything, my favorite job in life having been as a floor person at a super market) 500 to 1000 hours a year. I'm not saying everybody would, but many people would.

      Many people volunteer for similar reasons.

      --
      Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
    280. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Yeah, they increase their prices by 1.1%, so as not to affect their profit margin, it stays the same.

    281. Re:Wages as share of GDP dropping since 1972 by Rich0 · · Score: 1

      "Let's not go with the solution that works...let's try the one that failed repeatedly!" "OK!" You see how dumb that sounds?

      About as dumb as not investing in real estate in 2007.

    282. Re: Wages as share of GDP dropping since 1972 by Ralph+Wiggam · · Score: 1

      The laws of supply and demand apply to all economic systems across the world in every time period we know of. They are as close to natural law as economics gets.

      When human societies try to defy or influence supply and demand, on either side, it creates inefficiencies, which often lead to grey or black markets.

    283. Re:Wages as share of GDP dropping since 1972 by NewYork · · Score: 1

      Regulate market capitalization of all listed companies to twice their quarterly revenue.

    284. Re:Wages as share of GDP dropping since 1972 by ahodgson · · Score: 1

      Worse news - the second and third guy don't really like working. And the guy above you all keeps 50% to himself.

      Thankfully you're there to "share" with them. Best keep working.

      http://www.zerohedge.com/news/2012-10-22/guest-post-three-and-half-class-society

    285. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Capitalism is inherently flawed just like any other economic system. The underlying set of assumptions for capitalism has been reasonable so far, but it will not remain so. Capitalism will fail for the same reason that communism fell. Both systems make fundamental assumptions about the nature of economy, and both sets of assumptions are not always true.

      Definitely true: there are assumptions made that many not be true in part or even whole. But in capitalism there is some feedback that is based upon human nature: people will try to maximize their personal benefit. Workers try to maximize pay/compensation vs owner tries to minimize labor and material costs. Similarly supplier try and maximize there selling price while consumer try to minimize expendatures. Some agreement is reached between all parties and everyone is happy (or at least they are all equally unhappy). Setting up any other system seems to lack this inherent feedback mechanism. Feedback is a wonderfull thing in finance as well as engineering.

    286. Re: Wages as share of GDP dropping since 1972 by ahodgson · · Score: 1

      That's true, but mostly because 48% of the population have zero net wealth. They'd rather by ipads on credit than save money. I have more net wealth than millions of Americans combined, but that's not saying a lot.

      Not that wealth accumulation isn't a problem, but let's keep things in perspective.

    287. Re:Wages as share of GDP dropping since 1972 by drsquare · · Score: 1

      Why should a high supply of labour be allowed to drive down wages, and put millions into poverty? How does this benefit society?

      There's no evidence that increasing minimum wage would do anything but improve the economy and living standards.

    288. Re:Wages as share of GDP dropping since 1972 by Iggy+Dalrymple · · Score: 1

      That's why those "self-checkout lanes" exist. Raise the minimum wage too much, and WalMart will start giving a discount for self-checkout.

    289. Re:Wages as share of GDP dropping since 1972 by ahodgson · · Score: 1

      Government at all levels in the US spends over 40% of GDP. It was around 30% in 1960. The only time it was ever higher than now was for a couple of years during WWII.

      Taxes in some cases may be marginally lower because much of that spending is paid by increased debt, but the welfare state is absolutely bigger than it has ever been.

    290. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      The problem with your assertion is that in order to get access to the good paying jobs, you need education beyond highschool level. And, as I'm sure you're aware, that education costs money.

      It's fine if your parents have enough money to put you through said education, or if you have time to earn that money through, gasp, an unskilled labour position...or if you're willing to put yourself in debt for years with no real guarantee that you'll get the job you trained for.

      Let's also not forget to factor in life's little surprises that could interrupt your education, or prevent you from attaining it. In the end, getting the jobs you're talking about aren't that simple to get, unless you're lucky enough not to have something screw it up, or are privileged enough to not have to worry.

    291. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Actually, the statement 'accepting less than they are worth' does not make sense, if you believe the market is the proper way to price labor. If you do, then everyone is paid exactly what they are worth.

      I, like you, don't believe that. People should never be treated as if they are slaves to be bought and sold. In fact, american society has long held that there is a minimum wage, for precisely that reason. The american government has pursued various labor policies that protect individuals from predatory situations that the market based view inevitably fosters.

      If the 'market' view was something we could stomach, then we would simply let the poor starve. That is the market's answer to poverty.

    292. Re: Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      That's true, but mostly because 48% of the population have zero net wealth. They'd rather by ipads on credit than save money.

      True, and to put this into perspective, this would make quite a few wealth owners to be glaziers in the broken window fallacy. They got rich only because the 48% were ruining themselves financially to "afford" ipads and the like.

    293. Re:Wages as share of GDP dropping since 1972 by micahraleigh · · Score: 0

      This reminds me of the approach Richard Nixon took when the federal government applied fixed prices to goods. The result: a major supply failure. Few wanted to compete in the artificial/centralized economy. The economy tanked, and the government backed off.

      The same thing can be applied to the *labor* market, and has in places like the socialist countries of Europe or the (deprecated) communist countries of yore, and the same results occur except that instead of supply going to zero, demand did (since in that case the government biased to the workers, per Marx) in the socialist countries. In communist countries, historically every could get a job, but it was terrible by US standards (and therefore little demand).

      Then the centralizers usually say, "Ah, but quality is a lie made up by the beourgeouise to inflict us with subjective idealism!" Sure, quality is perfectly subjective. That is what is so great about it. It is a sheer value comparison.

      That's why folks would rather emmigrate to the US than the locked down places. The US is a *good* place to live and the centrally planned places with superficial metrics attesting to equality (but everyone has less wealth) are bad places to live.

    294. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Wonder if we were to re-class/re-name the middle class as middle-class-serfs what would happen. Would it change people's view of how they view themselves with others. Names can be very powerful.

    295. Re:Wages as share of GDP dropping since 1972 by SuricouRaven · · Score: 1

      Opportunity cost. It's not enough to make a profit: You need to make enough of a profit to support yourself. Fixing up cars to sell is fine as a hobby, but can you get, fix and sell them fast enough and at high enough margin to pay the rent? Some can, but it needs more than mechanical ability - it needs salesmanship, financial ability, an investment in time that precludes other employment. Things that make it risky.

    296. Re:Wages as share of GDP dropping since 1972 by Wycliffe · · Score: 1

      Risk can be minimized if you're willing to take sacrifices instead (which could be argued is a form of risk).
      Many people I know (including myself) started their own business by working part-time at a minimum wage
      job to keep from starving. This is obviously harder if you have a mortgage, kids, etc... but many times even
      with children if you lower your standard of living a little and find a flexible part-time job then you can
      eliminate most of the risk in exchange for some temporary sacrifices and if it doesn't work out the only
      thing you are out is a little bit of time. There are other ways as well for instance find 10 friends who are willing
      to give you a stipend so you don't have to work the first few months, are able to help cover your startup costs,
      etc. A sole provider quiting their job cold-turkey with a mortgage, car payment, etc.. is taking on a huge
      amount of risk but if you move into a small apartment, pay off you car, and distribute the risk among several
      friends then the risk becomes much more managable. When I started my business I used a combination of
      investment from friends, part-time jobs, volunteer labor, and even friends pitching in to give me a small paycheck
      which means that no one person had a significant amount of risk and because we were successful everyone
      eventually ended up getting their free labor and investments paid back but if we wouldn't have been successful
      noone was ever really out more than they could lose.

    297. Re:Wages as share of GDP dropping since 1972 by next_ghost · · Score: 1

      Well, in a free-market situation, every career path is a low-paying one, since money in your pocket is an inefficiency (from the market's point of view) which competition will remove. Thus getting an education is always a poor life choice there, having an expected utility that tends towards zero. And so does every other choice; that's what efficient market means.

      This is not true if human labour is the main limiting factor of production. Limiting factors are always expensive while abundant resources are always cheap. The problem is that due to technological progress, human labour has become a cheap abundant resource while the biggest limiting factors are some natural resources and, surprisingly, money itself. That's why the financial markets have grown so ridiculously huge compared to the tangible economy.

    298. Re:Wages as share of GDP dropping since 1972 by airdweller · · Score: 1

      I don't know what school you went to, but it sucked monkey balls apparently. Capitalism as well as communism both "lifted millions of people out of poverty" as well as "made millions poorer".

    299. Re:Wages as share of GDP dropping since 1972 by Culture20 · · Score: 1

      Either society bifurcates into eloi and morlocks, or we find a way to support the majority of humans as benign parasites. Hopefully in a way that does not encourage them to breed.

      No, no. You want them to breed. Spontaneous smart children can happen. Identifying them for extraction from the parasite class would be difficult though.

    300. Re:Wages as share of GDP dropping since 1972 by Meski · · Score: 1

      It almost doesn't matter how much you pay a CEO, because there's only one of them. OTOH, it matters a lot how much you pay those at the bottom of the wage pyramid. I know, the perception of a CEO getting more per hour than you get in a year doesn't *look* good, but the perception that it's not good is all there is.

    301. Re:Wages as share of GDP dropping since 1972 by Meski · · Score: 1

      If you're a programmer/developer, it's probably less than that, particularly in some localities. It used to be negative. (think about it, if 'most people' did work in these fields, the unemployment rate would be a lot higher)

    302. Re:Wages as share of GDP dropping since 1972 by Meski · · Score: 1

      When has there *ever* been a Libertarian administration? You can say Democrats and Republicans never learn from history, but Libertarians have never had a chance to learn. (and yes, I'm aware that Libertarianism is at right angles to LW/RW)

    303. Re:Wages as share of GDP dropping since 1972 by Meski · · Score: 1

      Leave and long service leave would bump me way over the 2k, long enough for unemployment insurance to have kicked in.

    304. Re:Wages as share of GDP dropping since 1972 by Meski · · Score: 1

      TFA is about the shrinking number of comparative advantages that human labor has. You're not competing against Walmart, you're competing against automation that won't leave you with any comparative advantages in the end. Become a pure capitalist because labor won't pay. Buy/build robots.

      Better, make a self-replicating robot, I mean, who wants to keep making robots? :^) (there's an argument that we're a form of self replicating robot, hence the :^) )

    305. Re:Wages as share of GDP dropping since 1972 by dobbshead · · Score: 0

      the central premise of socialism is that the government (the people, collective, whatever you call it) owns the means of production.

      Which raises the question: "Will 3D printing usher in an era of semi-communism?"

      If they can perfect and simplify the tech to a good level of reliability & quality, it will be very interesting, and extremely turbulent times. The markets for retail, manufacturing and the transport sector would be slashed significantly. Capitalism itself might take a beating. I suspect it might even engender a whole new economic system, neither capitalism nor socialism as we know them.

    306. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      I am fine with free market but not operated as one way street. If free market were to operate as it was proposed in the economic theory Walmart, Apple, Google, Intel, Microsoft etc would not have become the behemoths they are now. They would be making marginal profits, there would be many competitors.

    307. Re:Wages as share of GDP dropping since 1972 by khellendros1984 · · Score: 1

      That's not the point of that study, though. If I had no cash in my accounts, severance at from my company would cover me for a few months as well, but that's neither here nor there. The point was that most families couldn't come up with $2k out of the blue in a short period of time (basically, while maintaining employment and without selling possessions).

      --
      It is pitch black. You are likely to be eaten by a grue.
    308. Re:Wages as share of GDP dropping since 1972 by RespekMyAthorati · · Score: 2

      To qualify for a skilled labor job, you need training. Expensive training.
      Not only expensive in terms of tuition, but in terms of supporting your family while you are receiving the training.

    309. Re:Wages as share of GDP dropping since 1972 by RespekMyAthorati · · Score: 1

      And because they know that if they complain, they can be sent right back to Elbonia.

    310. Re: Wages as share of GDP dropping since 1972 by sethstorm · · Score: 1

      I disagree with this part. Yes, your income is more stable week to week but so what? You shouldn't
      be living paycheck to paycheck anyways.

      However, it removes the switching costs from one entity to the next.

      Someone who is self employed actually has more stable compensation in alot of cases especially if they have multiple clients as they can't show up to work one day and have their income instantly drop to zero because of factors outside of their control.

      Only as stable as the stream of clients. On the other hand, regularized employment doesn't have a guaranteed Sword of Damocles over your head in the form of contract renewal or "landing the next job". About the only way it works is if someone has the rare luxury of refusing secure forms of work.

      And I know multiple people who are employed yet decline employer benefits and keep their own insurance just because it is more stable to have third party insurance than to have your insurance change everytime you switch jobs.

      However, they do not have the same benefits from economies of scale that come from regularized employment. Increased taxes also eat up part of the increased pay as one files differently versus a normal employee.

      So yes, compensation/benefits/employment are more stable as long as you stay with the same company for a long period of time but that's becoming rarer and rarer.

      The more reason to make it an option to be less stable, not as an employer-defined condition of work. That is, bring the rare luxury of choice of form of work to all.

      --
      Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    311. Re:Wages as share of GDP dropping since 1972 by strikethree · · Score: 1

      The only things the working poor in America have over, say the Philippines, is that poor Americans have electricity and running water. The accommodations are better too I suppose but the medical care is worse and the food is more expensive. You also have a much better chance of ending up in jail in America and you have much less family support.

      All in all, painting being poor in America as living better than, "you live better that 95% of people who have ever lived", is being a little too optimistic.

      For most of recorded history, where huge empires were not involved, people lived a pastoral satisfying life. Gathering wood, fishing, hunting, perhaps even some light farming. Life was good. It was empire building and the industrial revolution that turned the average person's life into an utter living hell of debt and bondage. This hell is completely unavoidable today.

      --
      "Someone needs to talk to the tree of liberty about its ghoulish drinking problem." by ohnocitizen
    312. Re:Wages as share of GDP dropping since 1972 by rtb61 · · Score: 1

      It is also you right to survive free and you know exactly what that means when they want starve you into slavery, I remember a phrase "OFF WITH THEIR HEADS" and how it can about.

      --
      Chaos - everything, everywhere, everywhen
    313. Re:Wages as share of GDP dropping since 1972 by jwhitener · · Score: 1

      I don't care what economic system you embrace, you will never achieve a result of each person making a little bit more than average.

      Of course. All debates about jobs, minimum wage, etc.. are just debates about how far below average you are willing to let the floor of society drop.

    314. Re:Wages as share of GDP dropping since 1972 by jwhitener · · Score: 1

      And I don't think it would be so terrible if we started reversing the "Walmartization" of America by making labor more costly. Maybe we'd see a few more Mom and Pop type corner shops again.

      You can look back at unemployment for the last 50 years. We had basically the same levels of unemployment before we had Walmart or the other large corporate chain stores.

    315. Re:Wages as share of GDP dropping since 1972 by rastos1 · · Score: 1

      Perhaps we will get a chance to see how that would work

    316. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Wal-Mart increasing their wages to $12/hr. would increase their average item price by 1.1% --- perhaps then their workers could occasionally afford to shop somewhere else, or eat out at somewhere other than McDonald's.

      WalMart ???? You miss the point of the entire discussion dude. WalMart creates 2 million jobs. This is about Zuckerberg. Bezos, Sergey, Larry etc. Lots of money for them, very few jobs

    317. Re: Wages as share of GDP dropping since 1972 by bigsexyjoe · · Score: 1

      Our system needs government-backed currency. It couldn't work without it.

    318. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Except in areas where protectionist zoning doesn't permit them to operate at all. And it's in fact reasonable to do this, with regard to Walmarts, whose major business model is to open a store in an area, lower prices to the point everyone else is run out of business from their inability to compete on economies of scale, and then raises prices.

      That's why Adam Smith claimed that kind of government regulation made the market less efficient and raised prices for everyone.

    319. Re:Wages as share of GDP dropping since 1972 by Anonymous Coward · · Score: 0

      Labor is not a free market. You can't just hold out for a better offer. You need money and you need it fucking yesterday. That means you take what you can get if you don't want to get evicted/forclosed upon and keep feeding your kids. Cereal is a free market because you are able to make substitutions.

  3. Kodak vs Instagram? Really? by Beardydog · · Score: 5, Insightful

    I agree with the general thrust of the article, but comparing Kodak to Instagram is straight-up retarded. Instagram is not replacing Kodak. It does not do what Kodak used to do with only 13 people. It does almost nothing, and does nothing worthwhile.

    1. Re:Kodak vs Instagram? Really? by Zouden · · Score: 2

      Indeed. How many employees does Samsung have now? There's new jobs being made when others disappear.

      --
      "A week in the lab saves an hour in the library"
    2. Re:Kodak vs Instagram? Really? by CanHasDIY · · Score: 4, Insightful

      There's new jobs being made when others disappear.

      There're.

      Anyway, it matters not how many new jobs are made, when the people whose jobs disappeared don't qualify for them. I highly doubt displaced, former foundry workers, who spent the last 30 years mastering the art of steel production, would give a flying fuck that Samsung opened a new facility where they used to work and is now hiring software engineers.

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
    3. Re:Kodak vs Instagram? Really? by H0p313ss · · Score: 4, Interesting

      I highly doubt displaced, former foundry workers, who spent the last 30 years mastering the art of steel production, would give a flying fuck that Samsung opened a new facility where they used to work and is now hiring software engineers.

      Amusingly, I used to work in a foundry and I'm currently a software developer. (Employer keeps trying to call me an engineer, but I call it alchemy.)

      I think you over estimate the time or skill required to master steel production. You could have a high-schooler trained to do it inside a year.

      Such a shame that the American people allow the university (and medical) systems to hold them hostage instead of allowing the whole country to move into the 20th century.

      --
      XML is a known as a key material required to create SMD: Software of Mass Destruction
    4. Re:Kodak vs Instagram? Really? by oneiros27 · · Score: 1

      100% agreed.

      Instagram doesn't make things. (I'm a programmer ... a website is not a 'thing'). And it doesn't do research anywhere near the level that Kodak used to.

      Instagram *might* be a replacement for Kodak's 20 year old way of distributing photos, or maybe the online services they killed last year ... but they don't make cameras (as that's been eaten by the smart phone companies), film and paper (now mostly digital) or printers.

      Instragram would've been one small department within a larger company ... you might compare it to Ofoto.

      --
      Build it, and they will come^Hplain.
    5. Re:Kodak vs Instagram? Really? by Willuz · · Score: 1, Interesting

      Not only is it an extremely bad comparison but it's absurdly shallow in estimating jobs. Instagram is generating countless jobs by creating a new market niche to be filled.

      - New cell phones to make uploading to instagram easier and faster
      - New cameras to support communication with cell phones
      - New cell phone towers so that photos can be uploaded anywhere

      It may take fewer people to do a single job, but that makes the product cheaper and more available. Greater availability increases the need for all related services and products so the jobs just move to new areas. The key lesson is that job mobility is the most important skill to have for the future. All jobs will require computer skills.

    6. Re:Kodak vs Instagram? Really? by Daemonik · · Score: 1

      Part of the issue is that there are not 'more' jobs being made to replace the ones that disappear now, as the general trend is for fewer employees at all levels of industry. Consider the VCR. Back in the day there were 20 brands, each making their own hardware. Now (if VCRs were still being made) it would be 20 brands that exist only as shell companies, each just repackaging the same hardware from 2-3 Chinese companies.

      Face it, when they told us we were entering a service economy everybody expected to be software consultants, nobody believed there would only be McDonald's or WalMart.

    7. Re: Kodak vs Instagram? Really? by Anonymous Coward · · Score: 0

      Jobs are being created/destroyed at a faster pace than before, and it will keep on accelerating.
      The only solution to this is to make wages/social securities high enough for people that devoted their lives to learn a trade that will get destroyed eventually can get a decent retirement when the time comes; because let's face it, until we have cleaning robots, we need a lady to clean our houses.

    8. Re:Kodak vs Instagram? Really? by The+Grim+Reefer · · Score: 1

      I agree with the general thrust of the article, but comparing Kodak to Instagram is straight-up retarded. Instagram is not replacing Kodak. It does not do what Kodak used to do with only 13 people. It does almost nothing, and does nothing worthwhile.

      Agreed. Didn't Kodak have its own nuclear reactor until just a few years ago? I could be wrong, but I believe it used plutonium fuel rods. I find it amazing that they had it, but even more so that so few people knew about it until it was shut down.

    9. Re:Kodak vs Instagram? Really? by CanHasDIY · · Score: 1

      OK, so I didn't use the best example.

      Doesn't change nor diminish my point.

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
    10. Re:Kodak vs Instagram? Really? by Anonymous Coward · · Score: 1

      Really? I spent 13 years in a factory as a welder. When my company closed its doors, I went out in search of another job. I didn't want to worry about layoffs and Union strikes or contract disputes anymore so I looked in the IT field. I was hired as an intern with no experience and no schooling in that field. What the company saw was a guy who was teachable and motivated (I had a family to support). They taught me web development from the ground up and I progressed. I am now employed at a Fortune 500 company as a front-end dev.

      People are inherently lazy and often want the dream of a better life; not necessarily wanting to put in the work required for that better life. But there are plenty of people out there that could easily do what I did, if given the chance. Nobody wants to be poor or unemployed, do they? But not everyone has the chutzpah to bust ass for that dream. That is the real issue.

    11. Re:Kodak vs Instagram? Really? by internerdj · · Score: 1

      People want to take and share still images. Instagram didn't replace Kodak by themselves, but they represent a shift in taking and sharing photographs that replaces a lot of skilled and unskilled workers with lots of individual monetary transactions with customers with a few skilled workers with few or no monetary transactions with the customer. Facebook didn't replace Kodak either but in my house it most certainly replaced Kodak and Fujifilm in my house for what I directly used those companies for.

    12. Re:Kodak vs Instagram? Really? by The+Grim+Reefer · · Score: 1

      Not only is it an extremely bad comparison but it's absurdly shallow in estimating jobs. Instagram is generating countless jobs by creating a new market niche to be filled. - New cell phones to make uploading to instagram easier and faster - New cameras to support communication with cell phones - New cell phone towers so that photos can be uploaded anywhere It may take fewer people to do a single job, but that makes the product cheaper and more available. Greater availability increases the need for all related services and products so the jobs just move to new areas. The key lesson is that job mobility is the most important skill to have for the future. All jobs will require computer skills.

      While you are correct in regards to companies generating other jobs. However you failed to realize that Kodak did this also. But on a much larger scale than Instagram does.

    13. Re:Kodak vs Instagram? Really? by Anonymous Coward · · Score: 0

      Yes, because all those improvements come from Instagram only, people buy expensive cell phones because they want to upload photos of themselves so their families and friends can see. Cell towers are built solely to transmit images from and to instagram. The cell phone cameras hold a little weight I guess. Even so, how many of those new jobs go to unskilled minimum wage workers in the same country where the product is used (or cell tower built)?

    14. Re:Kodak vs Instagram? Really? by H0p313ss · · Score: 1

      OK, so I didn't use the best example.

      Doesn't change nor diminish my point.

      I read that as "We cannot be bothered to get a proper education and assume there will be well paid jobs for us as soon as we leave high school". But I'm sure it's not what you meant.

      What did you mean?

      --
      XML is a known as a key material required to create SMD: Software of Mass Destruction
    15. Re:Kodak vs Instagram? Really? by Anonymous Coward · · Score: 0

      Agreed. Didn't Kodak have its own nuclear reactor until just a few years ago? I could be wrong, but I believe it used plutonium fuel rods. I find it amazing that they had it, but even more so that so few people knew about it until it was shut down.

      So what. A nuclear reactor isn't always some big scary thing. Sometimes it's just a few pounds of radioactive material and a pneumatic system for moving samples in and out. There's one across the street from me right now. Big deal. There's at least one in every city that has a hospital, because hospitals use all sorts of short lived products produced in these reactors.

    16. Re:Kodak vs Instagram? Really? by CanHasDIY · · Score: 1

      OK, so I didn't use the best example.

      Doesn't change nor diminish my point.

      I read that as "We cannot be bothered to get a proper education and assume there will be well paid jobs for us as soon as we leave high school". But I'm sure it's not what you meant.

      What did you mean?

      You derived the meaning you wanted to derive.

      Try "Just because a new job is 'created,' doesn't mean that it's going to be a job the worker it displaced can take."

      You say you're a software developer; now, let's say, hypothetically, that next week some new-fangled invention hits the market that makes all software developers obsolete; the company you work for now fires their entire SD staff, and replaces them with machines. Machines you are not qualified to work on or repair. You can't find another development job because the machines are much cheaper than human workers.

      Now, presume that you're an old hat, say 55 or older. Retraining is pretty much out of the question, and besides, you can't afford to not have a paying gig while you take the classes.

      So, while cleaning the lobby of the McDonald's you now work at, you notice an ad in the paper for 'software development machine repair people wanted' at the company you used to work for - how many rat's asses do you give?

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
    17. Re:Kodak vs Instagram? Really? by H0p313ss · · Score: 1

      I would fully expect to be working for the company that's building the software development machines, mostly since that's what I already do.

      I do take your point, but the problem is that there are lots of people with non-transferable skills because they're not really skills. That's generally not true in any field that actually requires an education. (And no, business school and anthropology do not count as an education.)

      --
      XML is a known as a key material required to create SMD: Software of Mass Destruction
    18. Re:Kodak vs Instagram? Really? by CanHasDIY · · Score: 1

      Really? I spent 13 years in a factory as a welder. When my company closed its doors, I went out in search of another job. I didn't want to worry about layoffs and Union strikes or contract disputes anymore so I looked in the IT field. I was hired as an intern with no experience and no schooling in that field. What the company saw was a guy who was teachable and motivated (I had a family to support). They taught me web development from the ground up and I progressed. I am now employed at a Fortune 500 company as a front-end dev.

      How many years ago was this? Seems today, they'd rather hire an H1B worker (another element of 'The Problem') who they don't have to train, nor worry about being head-hunted by their competition.

      But not everyone has the chutzpah to bust ass for that dream.

      What-the-fuck-ever; not everyone is lucky enough to be born with a silver spoon in their mouths, and not everyone is lucky enough find employment with a corporation that doesn't take advantage of their workers at every possible turn. Not to mention, you're blatantly ignoring the obvious fact that a lot of people spend their entire lives busting ass, and thanks to a myriad of factors (many of which are beyond the control of the individual), end up with precisely jack shit to show for it. Ever hear of a guy name Nicola Tesla? Yea, father of A/C, inventor of shit-tons, died a pauper with nothing to his name but a hotel room and a couple big piles of pigeon shit.

      Your attitude of "I got mine, everyone else must just be lazy" is likely undeserved, and part of the problem as well.

      That is, if anyone is to believe the dubious tale of some random Slashdot AC. Lotta trolls around these parts, making shit up to satisfy their egomania.

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
    19. Re:Kodak vs Instagram? Really? by alexander_686 · · Score: 1

      I think we want to differentiate between "competent" and "mastery". Most jobs take longer than a year to master. If it does take a year to master it's probably a low skilled job and thus low productivity and wages. Most mid to high skill jobs take 7 years to master and I am counting both formal education and the necessary work experience.

      Which brings us to the point the OP was trying to make. If you are in your 50s in a declining industry you have 2 broad options. The first is to retain your current high pay and ride the industry down until it goes bust. The second choice is to retrain yourself which means throwing away 20 years of human capital and starting at the bottom rung of your new profession. By the time you get true mastery of your new profession and start earning top wages again you will be in your 60s.

      Generally speaking revolutions in production have been very rough for middle age middle class insiders. Distributive technology tends to destroy their human capital. Have some empathy for them. Now the best choice of society, in my opinion, is to move to the new state as fast as we can. It is the price we pay for rapid progress. We should soften the blow of transformation but not slow it down.

    20. Re:Kodak vs Instagram? Really? by Anonymous Coward · · Score: 0

      Anyway, it matters not how many new jobs are made, when the people whose jobs disappeared don't qualify for them. I highly doubt displaced, former foundry workers, who spent the last 30 years mastering the art of steel production, would give a flying fuck that Samsung opened a new facility where they used to work and is now hiring software engineers.

      Yes, many of the unskilled jobs are disappearing. Maybe thats not a bad thing. There are a shit ton of English majors who graduated and realized that theres no work for them. Maybe they should have studied something useful. Go get a STEM degree, get a high-paying job, and quit bitching. The rest of us are trying to move society forward.

    21. Re:Kodak vs Instagram? Really? by The+Grim+Reefer · · Score: 1

      Agreed. Didn't Kodak have its own nuclear reactor until just a few years ago? I could be wrong, but I believe it used plutonium fuel rods. I find it amazing that they had it, but even more so that so few people knew about it until it was shut down.

      So what. A nuclear reactor isn't always some big scary thing. Sometimes it's just a few pounds of radioactive material and a pneumatic system for moving samples in and out. There's one across the street from me right now. Big deal. There's at least one in every city that has a hospital, because hospitals use all sorts of short lived products produced in these reactors.

      A nuclear reactor is never a scary thing, unless there's a problem. And no, hospitals do not have reactors. In fact there has only ever been one in the US that did. It was in Omaha Nebraska. As far as I recall, it's no longer there. Radioactive tracers are manufactured at a very limited number of places. The Chalk River reactor was one of the few for sometime. It caused a lot of shortages in over the years due to shutdowns over safty concerns. I haven't followed it lately, but there were a lot of countries considering starting up reactors due to the unreliability of Chalk River. So, yes, it is a big deal.

    22. Re:Kodak vs Instagram? Really? by sjames · · Score: 1

      The correct question is how many of Samsung's employees are needed to support adding a digital camera to the cellphone.

    23. Re:Kodak vs Instagram? Really? by CanHasDIY · · Score: 1

      I would fully expect to be working for the company that's building the software development machines, mostly since that's what I already do.

      You're not qualified; now what do you do?

      I do take your point

      Obviously not... that, or you don't understand what the word 'hypothetical' means.

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
    24. Re:Kodak vs Instagram? Really? by CanHasDIY · · Score: 2

      Not only is it an extremely bad comparison but it's absurdly shallow in estimating jobs. Instagram is generating countless jobs by creating a new market niche to be filled.

      Um, uploading photos to an online database is hardly a "new market niche."

      Now, let's talk about those "countless jobs:"

      - New cell phones to make uploading to instagram easier and faster

      Made in China, on the same assembly line, by the same people who are making the phones on the market today. Ergo, no new jobs, and even if there were, they wouldn't benefit a single unemployed American.

      - New cameras to support communication with cell phones

      Also made in China, Also on the same lines by the same people as made cameras previously. Again, no benefit to unemployed Americans.

      - New cell phone towers so that photos can be uploaded anywhere

      Union jobs, held by a small handful of highly certified workers (many of whom also have college degrees), not to mention work that would have been done anyway (telephone infrastructure is decidedly not driven by the app-du-jour).

      The key lesson is that job mobility is the most important skill to have for the future. All jobs will require computer skills.

      And the people who already have a lifetime of experience in other fields? Do you just tell them "too bad, you've outlived your useful live, now go live on a welfare pittance while the rest of us criticize you for not having different skills?"

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
    25. Re:Kodak vs Instagram? Really? by Anonymous Coward · · Score: 0

      Right, right, but we DO employ people to do menial things like work in foundries, factories, textiles, as maids, etc etc. Something new comes along and all those people are out of a job. They have no real marketable skills or what was a marketable skill is not obsolete because machine looms weave a fuckton faster than they can.

      What do they do?

      What does society do with them?

      Do they particularly care that hundreds of new jobs have been created for which they don't qualify, and most likely never will?

      The term "social unrest" starts to be thrown about at this point in the conversation. Which is, you know, the topic at hand.

    26. Re:Kodak vs Instagram? Really? by nine-times · · Score: 1

      Agreed. If you must compare Kodak to something, compare them to Apple or HTC. That's what's replacing Kodak cameras and film. Instragram is something new that's not really replacing anything, and therefore it represents job growth.

      Regardless, it's true that technology that increases technology has a tendency to kill jobs. That sounds bad, but what you have to understand is that it's an increase in efficiency, which means you're producing more with fewer resources. That tends to kill jobs. It also tends to increase the total available wealth in a society, i.e. economic growth. Meanwhile, if the economy is otherwise robust, then the people who lost their jobs should be able to find new work doing... something... because all that economic growth means that people have money to spend on... something.

      Or at least, that's what the economic theory says.

    27. Re:Kodak vs Instagram? Really? by SoftwareArtist · · Score: 1

      Yes, but that's the point. We don't need the film or paper anymore. Photographs, like books, movies, music, etc. have been transformed by technology. They've gone from being physical objects that have to be manufactured and distributed one at a time, into strings of bits that can be created and reproduced instantly at negligible cost. And all the jobs that used to come from the manufacturing and distributing and developing and duplicating of film and prints have mostly disappeared.

      --
      "I'm too busy to research this and form an educated opinion, but I do have time to tell everyone my uninformed opinion."
    28. Re:Kodak vs Instagram? Really? by WillAffleckUW · · Score: 1

      Part of the issue is that there are not 'more' jobs being made to replace the ones that disappear now, as the general trend is for fewer employees at all levels of industry. Consider the VCR. Back in the day there were 20 brands, each making their own hardware. Now (if VCRs were still being made) it would be 20 brands that exist only as shell companies, each just repackaging the same hardware from 2-3 Chinese companies.

      Except originally there were two brands of VCRs - and each had a different format (VHS and Beta).

      The twenty brands thing didn't happen for quite a few years.

      --
      -- Tigger warning: This post may contain tiggers! --
    29. Re:Kodak vs Instagram? Really? by PRMan · · Score: 1

      Exactly. Kodak made film (SD cards), cameras, and photo paper (Shutterfly, Flickr, Instagram), and had a virtual monopoly on almost all of it. If you count all the makers of all those items in use today, you easily clear 130,000 without even trying.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    30. Re:Kodak vs Instagram? Really? by PRMan · · Score: 1

      I **learn**.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    31. Re:Kodak vs Instagram? Really? by PRMan · · Score: 1

      Tesla had a lot of money. He risked it all to compete with Edison for the standards, of which there could only be one winner.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    32. Re:Kodak vs Instagram? Really? by Daemonik · · Score: 1

      My point using the VCR analog was to show that today, economically, there is a very small supply chain providing devices for the entire globe. Outside of mainland China nobody is building a cell phone. Apple 'plans' to assemble phones here soon but most of their plant will be highly mechanized, so they're just using the idea of "Made in America" as a prop, they will hire very few American workers.

      Aside from the supply chain, the stock market does not reward companies for hiring masses of new employees. Most corporate management is outright antagonistic towards their employees and views the average worker only as a walking debit sheet, not a valuable piece of the fabric that holds the company together. Companies have never been leaner and there is absolutely no incentive for them to hire more employees. Nor are there penalties for massive layoffs, essentially flooding the job market with 'product'.

    33. Re:Kodak vs Instagram? Really? by Hognoxious · · Score: 1

      I think you over estimate the time or skill required to master steel production. You could have a high-schooler trained to do it inside a year.

      I guess steelworks employ graduate metallurgists for the fun of it, then.

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    34. Re:Kodak vs Instagram? Really? by Anonymous Coward · · Score: 0

      Sorry, you were assaulted by someone in a bar fight. You've now got moderate damage to the corpus callosum and are unable to apply anything you're lucky enough to learn. Now what?

      You remind me of the kids at school who thought they were ninjas, and they'd say "If you punch me I'll just duck, and if you kick I'll just jump it!"

      In summary, you're not as intelligent or flexible as you like to think you are. You're a single punch, a wrong turn, a governmental collapse away from being unemployed and starving. Just being lucky enough to be where you are now does not mean you will stay there.

      I look forward to watching you find out.

    35. Re:Kodak vs Instagram? Really? by Anonymous Coward · · Score: 0

      I would fully expect to be working for the company that's building the software development machines, mostly since that's what I already do.

      No you don't.

      Making X != making Y, even where Y is an X maker.

    36. Re:Kodak vs Instagram? Really? by Anonymous Coward · · Score: 0

      I'm not a doctor, but I did stay at a Holliday Inn Express last night.....
      I'll be doing your emergency appendix operation today (as the anesthesia starts kinking in......)

    37. Re:Kodak vs Instagram? Really? by H0p313ss · · Score: 1

      Except that in this case I'm already making software for software development, so it actually makes sense.

      --
      XML is a known as a key material required to create SMD: Software of Mass Destruction
  4. Someone kindly post a link to the story. by SuricouRaven · · Score: 1

    The short science fiction one, in which increasing automation leads to an employment crisis so severe most of the population are forced to live in robotically-constructed slums.

    I forget the title.

    You know the one.

    1. Re:Someone kindly post a link to the story. by neminem · · Score: 1

      "The" one? I posit that there are likely dozens. It's a pretty common trope. There are a couple on here: http://tvtropes.org/pmwiki/pmwiki.php/Main/JobStealingRobot

    2. Re:Someone kindly post a link to the story. by Anonymous Coward · · Score: 2, Informative

      Manna.

    3. Re:Someone kindly post a link to the story. by Aguazul2 · · Score: 1

      The one where they move to Australia which has been transformed to a kind of equal-sharing Eden. Racking my brains for some suitable search keywords.

    4. Re:Someone kindly post a link to the story. by Anonymous Coward · · Score: 0

      "The" one? I posit that there are likely dozens.

      I posit that you missed the joke.

    5. Re:Someone kindly post a link to the story. by Anonymous Coward · · Score: 0

      I think you missed this trope.

    6. Re:Someone kindly post a link to the story. by Anonymous Coward · · Score: 1

      He's talking about the classic Manna

    7. Re:Someone kindly post a link to the story. by suutar · · Score: 3, Informative
    8. Re:Someone kindly post a link to the story. by Anonymous Coward · · Score: 0

      I posit that I missed it too. Why don't you explain it?

    9. Re:Someone kindly post a link to the story. by Ultra64 · · Score: 1
    10. Re:Someone kindly post a link to the story. by compro01 · · Score: 2

      Might it be Manna by Marshall Brain?

      Got there by searching post-scarcity Australia, which got me to the wikipedia article on Post-scarcity economy, which mentions the "Australia Project" from that novel.

      You can read it on his site.

      --
      upon the advice of my lawyer, i have no sig at this time
    11. Re:Someone kindly post a link to the story. by bhagwad · · Score: 2

      I think robotically constructed slums are an awesome idea! Should be much better than human constructed ones...

    12. Re:Someone kindly post a link to the story. by Anonymous Coward · · Score: 0
    13. Re:Someone kindly post a link to the story. by Anonymous Coward · · Score: 0

      There was no joke, the OP's post was literal.

    14. Re:Someone kindly post a link to the story. by ShanghaiBill · · Score: 0

      "The" one? I posit that there are likely dozens. It's a pretty common trope.

      Yes, and they are all based on the same stupid economic fallacy: A failure to understand the principle of comparative advantage. Lets say you are a basket weaver and your neighbor is a cobbler. You trade a basket for a pair of shoes. Now a factory opens that can produce both baskets and shoes for half the cost. Does that make you poorer? No, because you basket is still worth one pair of shoes. You are only poorer when you trade for goods that are not mass produced (but most other people are better off). But if "everything" is automated, it makes no difference to you, because your goods have the same comparative value.

         

    15. Re:Someone kindly post a link to the story. by SuricouRaven · · Score: 1

      That's the one I was thinking of.

    16. Re:Someone kindly post a link to the story. by SuricouRaven · · Score: 1

      Yes. I was at work, with three minutes to go until leaving. No time to google it up.

    17. Re:Someone kindly post a link to the story. by Daetrin · · Score: 1

      After reading the wikipedia article, it's apparent that your example does not really demonstrate comparative advantage. "In economics, comparative advantage refers to the ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another. Even if one country is more efficient in the production of all goods (absolute advantage in all goods) than the other, both countries will still gain by trading with each other, as long as they have different relative efficiencies."

      From a bit further down in the article, " In Portugal it is possible to produce both wine and cloth with less labor than it would take to produce the same quantities in England. However the relative costs of producing those two goods are different in the two countries. In England it is very hard to produce wine, and only moderately difficult to produce cloth. In Portugal both are easy to produce. Therefore while it is cheaper to produce cloth in Portugal than England, it is cheaper still for Portugal to produce excess wine, and trade that for English cloth. Conversely England benefits from this trade because its cost for producing cloth has not changed but it can now get wine at a lower price, closer to the cost of cloth. The conclusion drawn is that each country can gain by specializing in the good where it has comparative advantage, and trading that good for the other."

      Which is true, but it does mean that most of the wine producers in England and most of the cloth producers in Portugal are going to be out of a job and will have to learn how to do something else.

      In your example the factory has an absolute advantage over both the basket weaver and the cobbler, but neither of them has a comparative advantage over the factory. Thus they have no incentive to trade with the factory whatsoever. The cobbler and basket weaver can ignore the output of the factory and keep trading their goods back and forth. However if the factory drives down the price of baskets and shoes in relation to food and housing then they'll have a hard time paying their rent and feeding themselves.

      If _everything_ is automated, well you just argued that in order to keep their relative advantage the cobbler and basket weaver need to trade with each other rather than the factory. Which means they need to do all their trading with other people who are not taking advantage of the automation. Instead of buying food from the automated food factory they need to trade their non-automated shoes and baskets to the non-automated farmer for non-automated food. So now there's an entire second class of people doing everything by hand and ignoring the automation.

      Unless you're saying that the cobbler will be selling their shoes for 49.9% of the original, to undercut the price of the factory, while the basket weaver is selling their baskets for 49.9% of the original price, and the farmer is selling their food for 49.9% of the original price, etc. But that works out to pretty much the same thing, there's a large class of people selling stuff for 49.9% of the original price and buying stuff for 49.9% or 50% of the original price, and none of them are getting any advantage from the factory.

      Either the factories drive down the prices of some things disproportionately, and the people who originally make those goods suffer unless they can find a new job, or they drive down the price of everything equally, in which case you end up with two classes of people, those who can get new, more valuable jobs, and those who keep trading the same old goods around at a fraction of the original cost.

      --
      This Space Intentionally Left Blank
    18. Re:Someone kindly post a link to the story. by AdamThor · · Score: 1

      If "everything" is automated, then you won't be able to get a job making anything, and it won't matter how cheap things have gotten since you won't be drawing a paycheck.

      At which point, I guess you could go back to making baskets and bartering them to the other guy for shoes, since neither of you have the money to buy factory made objects?

      --
      -- "Oh. This guy again."
    19. Re:Someone kindly post a link to the story. by ShanghaiBill · · Score: 1

      you could go back to making baskets and bartering them to the other guy for shoes

      No bartering is needed. Before automation, you could sell your basket for $10 cash, and use the $10 to buy a pair of shoes. After automation, you can sell your basket for $5 cash, and use the $5 to buy a pair of shoes. Unless the relative values of goods change, you are no poorer. And if you take advantage of the automation yourself, you can make two baskets, and you will be twice as wealthy in real terms, and you can afford shoes for both your kids. This may astonish you, but improvements in productivity actually lead to higher standards of living.

    20. Re:Someone kindly post a link to the story. by Anonymous Coward · · Score: 0

      This book is becoming a prophecy with each passing year.

      Can anyone sell me Project Australia shares ???

  5. just lower weekly worked hours for same pay ! (nt) by unique_parrot · · Score: 1

    not more to say.

  6. Hard to say. by jythie · · Score: 5, Insightful

    This is a really difficult thing to predict, and either prediction could be true. With the industrial revolution there was a net increase in demand for jobs since the increased efficiency resulted in higher demand in general thus increased infrastructure requirements. Part of what made this possible was, even if you decrease the cost, manufacturing still required time, energy, materials, etc.

    Something that makes tech a little different, esp when it comes to software, is the near zero cost of reproduction. If industrial revolution Ford got double the orders for cars it would not only require more assembly lines but part suppliers would need to ramp up as would production of raw materials. If Microsoft's demand for MSOffice doubles, they might need a bit more bandwidth but there is no real spiderweb of increased jobs. They just allow more downloads or print more copies.

    1. Re:Hard to say. by AvitarX · · Score: 5, Insightful

      It's a stupid premise and a fasle dichotomy IMO.

      The industrial revolution DID cause unrest. Only an idiot would think that wasn't the case. A whole body of famous literature is about said unrest, that people I would suspect are aware of even if not history in general. The Labor movement was an expression of unrest, as was the communist revolution.

      It didn't take long for it to improve things overall, and not many sane people want to go back to a pre-industrial world, but to pretend it didn't cause job loss and unrest before job gain and improvement is absurd. I think that's what both the Luddites and the Futurists get wrong, there will be pain, there will be suffering, then there will be benefit. Markets take time to adjust, and attempts to short-circuit that adjustment time have historically gone terribly wrong (e.g. great leap forward).

      --
      Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
    2. Re:Hard to say. by mjr167 · · Score: 1

      Part of what made this possible was, even if you decrease the cost, manufacturing still required time, energy, materials, etc.... Something that makes tech a little different, esp when it comes to software, is the near zero cost of reproduction.

      Can you please share how you managed to remove time and energy from software development? Cause I've spent a shit ton of time debugging a really boring webpage this week and if you can tell me how to it without using time, that would be awesome.

    3. Re:Hard to say. by c · · Score: 1

      If Microsoft's demand for MSOffice doubles, they might need a bit more bandwidth but there is no real spiderweb of increased jobs. They just allow more downloads or print more copies.

      Well, that's a gross simplification. There's no spiderweb of increased jobs for a manufacturing surge to directly meet the increased demand, but corporations that get massive bumps in revenue do tend to invest a large chunk of that revenue into jobs, office buildings, sales networks, etc, however indirectly they may be tied to the product undergoing the new level of demand.

      It's also worth pointing out that if the demand for MSOffice doubles, then implicitly the number of users (i.e. jobs) has probably increased significantly. So you're looking at an overall increase (or maybe just reallocation) of wealth happening that enables people to demand a lot more MSOffice licenses.

      --
      Log in or piss off.
    4. Re:Hard to say. by Anonymous Coward · · Score: 0

      If Microsoft's demand for MSOffice doubles

      I thought employees at Microsoft used OpenOffice.

    5. Re:Hard to say. by geoskd · · Score: 1

      It's a stupid premise and a fasle dichotomy IMO.

      The industrial revolution DID cause unrest. Only an idiot would think that wasn't the case. A whole body of famous literature is about said unrest, that people I would suspect are aware of even if not history in general. The Labor movement was an expression of unrest, as was the communist revolution.

      It didn't take long for it to improve things overall, and not many sane people want to go back to a pre-industrial world, but to pretend it didn't cause job loss and unrest before job gain and improvement is absurd. I think that's what both the Luddites and the Futurists get wrong, there will be pain, there will be suffering, then there will be benefit. Markets take time to adjust, and attempts to short-circuit that adjustment time have historically gone terribly wrong (e.g. great leap forward).

      At some point, we reach what is known as The singularity. After that point, there is nothing to require human involvement in society at all. As such, we damn well better have a new type of economy, or the "haves" will dispose of the "have nots", and soon there will be far fewer humans around (if any).

      --
      I wish I had a good sig, but all the good ones are copyrighted
    6. Re:Hard to say. by Anonymous Coward · · Score: 0

      If they are selling double it probably means the that double amount of peaple needs to use office, so they probably are working on something.

    7. Re:Hard to say. by scamper_22 · · Score: 1

      yes, the industrial revolution caused all kinds of unrest.

      Some might even claim communism and fascism as political movements were directly related to the industrial revolution. That's some mighty big political changes. In my view, both arose because it became possible for leaders to see organizing society in production as a viable way.

      In any case, what the OP points out is what makes 'tech' different. And 'tech' definitely has some big differences. As he rightly points out, in the 'new industries' there isn't a 'spiderweb' of mass jobs created. There are relatively few highly skilled positions available.

      Tech also replaces 'educated' and 'middle class' labor. Something our politicians love to say are things we need to keep.

      Who knows what changes are needed to 'stabilize' the new world. Maybe it will be more organized. Maybe it will be a guaranteed income. Maybe it will be a return to a free-market libertarian world. Maybe we'll just keep chugging along with stimulus for eternity. Maybe it will be a shorter work week and job sharing.

      It's not about going back to a 'pre-industrial' world or a 'pre-digital' world. But it is about seeing what is changing and thinking about it.

      You can't just assume 'things will work out'.
      We don't even live in a free-market anymore where that could possible be used on an intellectual level. So much of the economy is government or central bank driven that it's not about passive adjustment. It is about active adjustment whether people like it or not.

    8. Re:Hard to say. by Anonymous Coward · · Score: 0

      Marxist much?

      It's not a coincidence that actual Communist revolutions only took place in nations that were not yet industrialized. Russia and China are the prime examples.

    9. Re:Hard to say. by jythie · · Score: 1

      Yes, software takes time and energy to produce, but additional copies do not. 5 copies or 5000 copies take (about) the same amount of developer time, while 5 vs 5000 manufactured widgets require something along linear increases in resources.

    10. Re:Hard to say. by HiThere · · Score: 1

      I'm no longer estimating 2030, however. Probably more like 2035. But we are well into the ramp up period that leads to it.

      The thing is people tend to see the short term problems of implementation, not the shape of the final beast. So they scoff and say "That again! That never works." And it's true that, e.g., automated translation isn't perfect. But it's a lot better than it was 10 years ago. Self driving cars aren't yet practical in uncontrolled environments. But there are a few out on the streets. Look at what people were saying 10 years ago. You got both wild eyed promisses of "IN TWO YEARS!" and pessimists saying "It'll never happen.". Well, it took a lot longer than two years, but it's happening right now. Slowly.

      P.S.: The technological singularity is a good way to visualize it, but it's not a true singularity. There's no real point of discontinuity. It's just change happening too fast for people to understand it. And we are already there, for some people. (Actually, for most people, in areas that they aren't actively watching.) One reason we have increasingly narrow specialists is that a wide view is impossible. Not only is there too much for any one person to learn, but it doesn't stay still while you aren't watching it.

      P.P.S.: There is, indeed, an excellent chance that humanity will not survive the "singularity". But without it we definitely won't survive. Human leaders are too unstable to be trusted with weapons of mass distruction. I'm a bit surprised that we've survived so far. Another century seems quite unlikely. Two beyond belief...unless governments aren't any longer controlled by human leaders. (They may well remain in place as figureheads, but that's something quite different, as the current Queen Elizabeth would admit. [Figureheads aren't necessarily powerless, they just don't control things.])

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    11. Re:Hard to say. by tnk1 · · Score: 1

      I see your point, and I am actually not sure one way or another if you're right. I will say, however, that you shouldn't discount even raw bandwidth as something that could drive jobs. The more software online there is, the more bandwidth is needed. A 10MBps line that would have been massive for a small company in the 90s is incredibly insufficient now. Now we need 100Mbps or something like that.

      The more fiber there is, the more fiber gets laid, and the more fiber gets cut. Is it the same as churning out new cars? I don't know, and there may well be other products that are moving into the space as well.

      The original Luddites feared for their jobs, not because they were all stupid, but because there was an entire paradigm shift. It would be putting a machine in a soccer goal net instead of a goalie. You'd be putting all goalies out of a job, but you'd probably have to hire twice as many people to operate the goaltender machine.

      That said, perhaps this digital revolution really IS different. Perhaps we do need to consider a world were we no longer determine what a person earns by what "value" they provide. I'd say it would be a good thought exercise either way.

    12. Re:Hard to say. by PRMan · · Score: 1

      I'm actually surprised that software developers don'e have low-paid assistants straight out of college. There are many boring, repetitive tasks that could be offloaded to a smart but otherwise untrained person. And that person could learn software development as an intern or pair programmer as another option.

      Eventually, you end up with double the productivity for about 1.25 times the cost.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    13. Re:Hard to say. by Anonymous Coward · · Score: 0

      Just curious, how do you expect the digital revolution to increase the number of jobs and/or median incomes? What is the scenario that results in benefit to society at large as opposed to just the corporate overlords? I keep seeing these hand-wavy predictions that everything will be OK because the industrial revolution ended OK (ignoring the last 40-50 years), but why exactly can we expect the same thing now?

    14. Re:Hard to say. by RivenAleem · · Score: 1

      The industrial revolution was an attempt to reduce the number of people required to perform or work directly with what was being manufactured, same as the agricultural revolution. Gartner's premise starts out on unsound ground.

      The digital revolution, if its intention is truely to reduce the work force, will, like all other revolutions before it, just shuffle the workforce around, and that is the unrest you mention. You suddenly have excess factory workers (or farmers) but it will settle down again in a generation (or sooner with cross/re-training) as new roles are identified which come about by the new revolution.

      The Agricultural revolution fed the industrial, as machinery was required to bolster farming, the industrial revolution fed an engineering and technical revolution as people were needed to design and maintain new machinery, the tech revolution is feeding the 'digital' revolution as we need AutoCAD and complex simulation equipment to devise this technology.

      What will the next revolution be, what does this digital revolution need that it isn't getting right now?

      So yes, every revolution is about reducing the number of people required to do a certain task, but what it is really doing is providing a greater pool of available bodies to work on the next revolution.

    15. Re:Hard to say. by mjr167 · · Score: 1

      Let's say you have a team of 10 developers and each developer costs you $100k and you spend 1 year developing a piece of software. That software costs you $1M to make. If you sell 100,000 copies, you can charge $10 a copy. If you are only selling 10 copies, you have to charge $100k each.

      It is not as simple as "oh I magically made this awesome word processor and now everything is profit!" You already paid your developers. You already paid the rent on the building. Why do you think some of the latest video games that have recently released with record sales have been declared failures? If it was that easy, everyone would be doing it.

      And actually, yes, 5000 manufactured widgets costs less to produce per unit than a run of 5 widgets. There is a lot of overhead costs associated in manufacturing and those costs get to be distributed over all the widgets produced. Also, if you are producing widgets in mass, your supply costs goes down because you can negotiate better prices, etc so it is not a linear increase in costs.

    16. Re:Hard to say. by lars_stefan_axelsson · · Score: 1

      Marxist much? It's not a coincidence that actual Communist revolutions only took place in nations that were not yet industrialized. Russia and China are the prime examples.

      Not really. All of Europe had the "socialist" revolution. It just wasn't bloody. (Or rather, wasn't *as* bloody). Take Sweden for example. The social democrats were considered and treated like communists for the first few decades of its existence (jailings, beatings, being fired from your job for membership etc.) but by diligent work for general suffrage (males only of course), even though the right were in strong opposition, when everybody got the vote, they came into power and held on to it almost uncontested for 50 years.

      During their tenure the Swedish transformation was nothing short of revolutionary when it came to workers rights (i.e. anybody's rights but the landed gentry). Much the same happened through out Europe, to a smaller or greater extent. (The anglo saxons being a notable example at the smaller end. They still haven't gotten rid of the class society, whereas it died in almost all of the rest of Europe).

      So plenty of industrialised societies in Europe had a "socialist" transformation, based on the rights of the general public, and stemming from that. Indeed your argument plays almost hand in hand with Marx's own, namely that the socialist revolution cannot succeed in a non industrialised society. With Russia/China etc. being prime examples of horrible failure...

      --
      Stefan Axelsson
  7. So What? by neoritter · · Score: 0

    Same kind of people said the same exact things when the Industrial Revolution was underway. History and progress marches on.

  8. unconditional basic income by Anonymous Coward · · Score: 0

    is what we need when the machines rise, pardon, do our work.

    1. Re:unconditional basic income by Alejux · · Score: 1

      Also know as "minimum guaranteed income".

    2. Re:unconditional basic income by Anonymous Coward · · Score: 0

      We're going in that direction in fits and starts. Food stamps, disability, etc. There was this thing on 60 minutes last night about the disability scam. When history is written, the fakers may be seen as ahead of their time. "People used to fake illness to get what is now guaranteed to every citizen" Something like that.

  9. Global Economy by Kirgin · · Score: 1

    I think the big difference now is that industry that spawn from these improved efficiencies are not local. So Kodak employed 130 000 people and instagram 13, what about the people employed by the hardware manufacturers that make Instagram possible? Companies that make phones, wireless equipment, processors, semiconductors....Imagine if all those jobs/business could be created in the economy that lost 130 000 jobs.

    1. Re:Global Economy by h4rr4r · · Score: 1

      Besides kodak is a terrible example.

      They invented the digital camera and then decided to shelf it so they could keep selling film. They invented the rope and then decided to hang themselves with it instead of their competitors. Why compare to a company that committed suicide?

    2. Re:Global Economy by Anonymous Coward · · Score: 0

      They also did some other stuff. They had two grades of digital cameras when they finally did bring them to market. Really crappy consumer grade cameras that were supposed to be easy to use, but fairly clumsy in design. The other tier was high end professional stuff, but those cost as much as a car. Nothing comparable to the pro or semi-pro grade cameras in the midrange that Cannon and Nikon still managed to sucessfully transition to. Kodak just couldn't make anything to compete when they had the head start, and had the market taken out from under them when better cheaper cameras appeared on the low end.

      Also Kodak partnered with a company or two that did some shady non-consumer-friendly shit when it came to digital film processing. I remember their photo CDs did nasty things if you installed the Kodak viewer or let autoplay do it. Basically they didn't want you copying your own pictures directly to another CD and it would f' up your CD-ROM drivers. I had to do a driver re-install once because of it. Anyone with enough sense though would know that the images were just .jpg files accessible with any image viewer. No need to install Kodak branded malware just to see your own pics. (Although I think one or two other photo processing chains did this. Probably hired the same company for viewer software that Kodak did.)

    3. Re:Global Economy by mikael · · Score: 1

      They brought out Advantix cameras and film (they stored various digital info on the film cassette to help printing) as well as a digital print service where you could get your pictures scanned and stored on CD-ROM. All returned in a presentation pack consisting of a wide box, the film reel, your pictures and a CD-ROM. Seemed a really nice idea but they snatched defeat out of the jaws of victory, by deciding to have a custom viewer that auto-started, then played adverts for companies like National Geographic. Then you really had to root down through the directory system to find your own files. Even then, their auto-viewer used up more space on borders than on your picture. Oh yes, and they kept the film from the reels.

      --
      Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
  10. Stop looking in the back mirror by Anonymous Coward · · Score: 0

    It's meaningless to predict the future based on historical observations.

    THINK. WONDER. DREAM.

    Captcha: cycled

    1. Re:Stop looking in the back mirror by fuzzyfuzzyfungus · · Score: 1

      Also, 'trajectory' is just a conspiracy by the man to keep you down, not a useful computational construct.

  11. One of the worst comparisons... by Anonymous Coward · · Score: 1

    "Plummer points to a company like Kodak, which once employed 130,000, versus Instagram's 13. "

    Instagram relies on the fact that every person now has a telephony device on them that is capable of acting as a camera. There were no such devices in the heyday of Kodak. Some other company manufactured that phone, and it took more than 13 people to do so.

    That is not to say that "more digital technology = less jobs" is invalid, though, just that the example in the excerpt is a poor one.

    1. Re:One of the worst comparisons... by Daemonik · · Score: 2

      Actually that kind of emphasizes the point. Where you had Kodak, Polaroid, etc, actively employing hundreds of thousands, those same people are not necessary to manufacture a multi-tasking smart phone, and nothing else has developed to utilize those idle workers in the meantime.

      It's easy to ignore the issue and shout "LUDDITES!" but sometimes you have to look at a problem actively rather than wait for it to self correct, as the self correction can be messier than the fix. An uncontrolled, unregulated, unchecked market does NOT lift all boats as a matter of course.

    2. Re:One of the worst comparisons... by afxgrin · · Score: 1

      The jobs just moved over seas - it's as simple as that. The final assembly step of smartphone devices are usually done by hand because really it is just a menial job, probably like most of the jobs when Kodak was at its peak employment.

      Instead of Kodak doing the r&d work and assembly now companies like Apple do the product r&d and Foxconn does the assembly - employing more than 500k people with goals to reach over 1 million.

      So there are lots of jobs globally, just not here.

    3. Re:One of the worst comparisons... by UnknownSoldier · · Score: 1

      > Actually that kind of emphasizes the point. Where you had Kodak, Polaroid, etc, actively employing hundreds of thousands, t

      Incorrect.

      Technology forces people to change jobs. Maybe _you_ like digging ditches but we have technology to help with mundane tasks such as backhoes. As they say, "Better living through chemistry". Technology allows us to scale up the labor.

      i.e.
      Who invents the tools? Who makes all the new tech-tech tools/gadgets? Who maintains them? Who fixes them?

    4. Re:One of the worst comparisons... by Daemonik · · Score: 1

      Except a) that does squat for the labor market here, reinforcing the point that we don't have enough jobs to go around and b) Foxconn is employing the same tech efficiencies and robotics to reduce their own labor as well, which means fewer global jobs.

    5. Re:One of the worst comparisons... by Daemonik · · Score: 1

      Who invents the tools? Who makes all the new tech-tech tools/gadgets? Who maintains them? Who fixes them?

      An increasingly small number of highly trained people working for an increasingly small number of business, or are you going to tell me with a straight face that there are thousands and thousands of untapped engineers, software developers out there and that all of them will get meaningful, highly paid jobs? That there are millions of entrepreneurs out there that qualify for capital investment who will be plucky enough to compete against Apple and their billion dollar patent portfolios?

      Everyone likes to say "Go to college for a STEM degree!!" but gloss over the fact that a lot of people are just not suited for that kind of thing in the first place, and that if everyone unemployed currently DID follow that advice, all we would get is a glutted field of engineers and lower wages, netting pretty much the same end result but with the addition of thousands of dollars of student debt.

  12. This is a good thing. by Anonymous Coward · · Score: 0

    Seriously. Consider what we got the first that we as a species were able to allow some people to stop working for sustenance: civilization. Then, when conditions were right to allow some wealthy men and women to have so much money they didn't need to work and could devote themselves to the question of "how old is the Earth" we got science.

    If we decouple work from basic sustenance, imagine what we'll come up with this time!

    1. Re:This is a good thing. by Anonymous Coward · · Score: 0

      could devote themselves to the question of "how old is the Earth" we got science

      I have it on good authority that science was developed in order to answer the question "How do you make a pill that will give you a boner?".

  13. Re:just lower weekly worked hours for same pay ! ( by unique_parrot · · Score: 1

    sorry, forgot: but i think it's like linus said: society is moving to a more relaxed way of living (as far as i remember). this should help is not because of some greedy, super rich people.

  14. Silly people by Anonymous Coward · · Score: 0

    The problem is these silly people are trying to cling onto an economic system that is woefully out of date. Yes many things are automated now and require less human intervention and we're advanced enough that there's no way to keep everybody employed full-time doing something useful. So either half the population is unemployed or they waste resources producing trash just for the sake of "having a job."

    So stop demanding that everybody work 160 hours a month. Split the work where possible so 2 people can share a task working 80 hours a month each and still get as much income as they do now.

    1. Re:Silly people by Anonymous Coward · · Score: 0

      Split the work where possible so 2 people can share a task working 80 hours a month each and still get as much income as they do now.

      How does the business pay the now-doubled payroll? Assume this isn't some monolithic corporation where the top execs have some spare millions to split among everyone.

    2. Re:Silly people by mikael · · Score: 1

      Then you run into the problem that there isn't the space for the extra salary workers to own homes within 5 miles of work, especially when they have families. They all want the home with the good school and short commute.

      --
      Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
  15. Newsflash! by Anonymous Coward · · Score: 0

    Designing, producing and selling machines that do a job in the physical world take more people to do than a crude simulation of a tiny part of it in the virtual! Fetch your papers here!

  16. Just go train people! by Anonymous Coward · · Score: 2, Funny

    Just because you're 7 years from retirement and nobody wants to take you on doesn't mean that you shouldn't spend what's left of your life savings after the 2008 crisis to go to college and start anew as a Silverlight monkey!

    No?

  17. The Forklift Should Be Banned? by Austrian+Anarchy · · Score: 2

    I suppose Gartner would have a coronary if he was around when the forklift came into being. I wonder if he hires a personal truck to pickup his latest reading material from the publisher, rather than letting the paper see the inside of a jobs killing train car?

    --
    Time Bomber the Book coming soon.
  18. There's no way to avoid this by Alejux · · Score: 3, Insightful

    The same way we no longer need to hunt and gather in today's society, most of us will no longer need to work in the future in order to keep goods and services being produced. The question is, how easy or difficult can we make this transition? To me , the worst thing that can be done is simply ignoring the problem and erroneously pointing fingers to the Luddite movement as a perpetual example why this would never happen.

    1. Re:There's no way to avoid this by Anonymous Coward · · Score: 0

      Actually, the worst thing is people who refuse to redefine what they mean by "work." Those are the ones killing jobs and subsequently causing social unrest.

    2. Re:There's no way to avoid this by Belial6 · · Score: 0

      That's the thing. Capitalism was great for it's day, but capitalism and automation at a level that we are moving towards are incompatible. There is a tendency for people to think that there is a single best economy/government system. The reality is that different economies/government systems have different pros and cons depending on the level of technology in play. ( As well as a lot of other factors )

      OWS was a symptom of what you are talking about. The very wealthy would be smart to make sure that they don't push wealth disparity too far. At some point, they will either have to militarize their entire life for protection, or they will run into someone desperate enough to think that their shoes are worth the risk of killing them. They would be much better off in molding a system where they still have enough wealth to buy anything and everything they ever wanted without having to work another day in their life, while keeping the 'poor', at least rich enough that they don't become desperate.

    3. Re:There's no way to avoid this by rasmusbr · · Score: 1

      The great thing about most people having jobs or earned retirement benefits is that each person can claim a moral right to the necessities of life (and then some). If most people don't work, how will they voice their rights?

      Remember what Prime Minister Cameron said during the UK riots. If you don't stop, we'll pull your welfare.

      The idea of distributing the wealth created by the machines without some form of easily arguable moral reason seems quite dangerous.

    4. Re:There's no way to avoid this by mdielmann · · Score: 1

      The idea of distributing the wealth created by the machines without some form of easily arguable moral reason seems quite dangerous.

      Okay, that's a somewhat fair statement. But if the net amount of work done by others to provide for the necessities of the average person's life is 10 hours per week, why would it make sense to have to work 40 hours per week (or more!)? Now, I'm not saying we're at the point where 10 hours per week supplies for our needs at this time, but as automation and advanced manufacturing processes continue, that day could very well come. And how will we distribute the rewards of that labour?

      --
      Sure I'm paranoid, but am I paranoid enough?
    5. Re:There's no way to avoid this by Anonymous Coward · · Score: 0

      Well, some economists are claiming that there is double inflation in progress. This is the worst possible scenario. Congratulations to us, fellow humans.

      The income is falling, while the cost of living is increasing in housing, health care and food prices. We already are on the way to disaster.

    6. Re:There's no way to avoid this by Rich0 · · Score: 1

      The idea of distributing the wealth created by the machines without some form of easily arguable moral reason seems quite dangerous.

      Sure, so what moral reason do we come up with then? The jobs will go away whether or not we distribute the wealth, so it isn't like we have much choice unless watching the poor starve to death is considered morally superior to giving them welfare.

    7. Re:There's no way to avoid this by rasmusbr · · Score: 1

      I think that once society has invented an institution such as the idea of a job and a profession and allowed it to take extremely deep roots over the course of thousands of years it's almost impossible to get rid of it.

      There are no simple solutions, but it would help if there was a well-functioning worker's movement (although it probably shouldn't be called that for historical reasons) that would organize both employed and unemployed people, and put pressure on the owners of the machines and on the state to change the laws and regulations in a direction that would benefit most people. A first step could be to institute an effective 7-hour work day and outlaw unpaid overtime. The next step could be a 6-hour work day, then a 5.5 hour work day and so on and so fourth.

      You could imagine a society in the distant future where people work hard for 45 minutes a day and spend the rest of the day on non-profit projects and leisure. It's not going to happen as long as the owners are extremely well organized and class-conscious (although they don't use those words) while people in general are unorganized.

  19. What? You are kidding right? by Anon-Admin · · Score: 1

    So Gartner keeps increasing the number of servers per admin that they say is "normal" and now they realize it is taking fewer people to do the job???

    I can not count the number of companies where I have heard "Gartner says we should only have 1 admin for every XXX servers" Normally they are running old equipment with no underlying infrastructure and in a way where every system is a one off requiring all administration to be a manual process. The last company I worked at was touting 1 admin for every 160 servers with 90% outsourced to India.

    Personally I think Gartner needs to hire more intelligent people if they are only now realizing this.

    1. Re:What? You are kidding right? by Virtucon · · Score: 2

      What do you expect from a bunch of analysts who have never run an actual shop? they're only about selling their research and access to their magic quadrant charts so naive CEOs and boards looking for answers can grasp at them for a strategy.

      --
      Harrison's Postulate - "For every action there is an equal and opposite criticism"
  20. They may be on to something... by Anonymous Coward · · Score: 0

    I've been experiencing considerable frustration in a job hunt. I have a couple of hurdles to overcome -- notably age discrimination (I'm 58). Talking with other folks about this, many of them quite a bit younger, has made me realize that there is a significant problem in the digitization of the employment application process. Every one I speak with expresses increasing frustration with not being able to speak to a live human to apply for a job. In the most absurd cases an applicant walks into an establishment with resume and portfolio in hand in response to a Now Hiring sign on the door -- only to be sat at a terminal to complete an application in the office then turned away with no other human contact. Lots of people including recent grads, furloughed workers, and older folks like me have talked about organized protests against companies who engage in online-only hiring practices.

    1. Re:They may be on to something... by cayenne8 · · Score: 1

      I've been experiencing considerable frustration in a job hunt. I have a couple of hurdles to overcome -- notably age discrimination (I'm 58). Talking with other folks about this, many of them quite a bit younger, has made me realize that there is a significant problem in the digitization of the employment application process.

      With your age and experience, you should seriously look into contracting..specifically govt contracting.

      With those jobs, experience counts...

      And also, why at this point in your life are you cold calling companies for jobs? In all this time, have you not been networking to know people to help you get in the door with a new job?

      Knowing people is generally how you get into jobs past thoughtless HR folks. Only noobs should generally be having to cold call for jobs...experienced folks should have a network of relationships to help get the next job after the next job...etc.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    2. Re:They may be on to something... by HornWumpus · · Score: 0

      Exactly. GP is almost certainly an air thief who's former coworkers wont hire.

      I've walked on an interview because they had already hired a former coworker.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    3. Re:They may be on to something... by Bucc5062 · · Score: 1

      Wait, where do you live? First, not everyone lives in larger urban areas that have a large enough pool of people to help build a network that allows for job transition. Next, one either walks into a position with the intent to leave it for the next or hopefully work at said job for a long time. In the former networking makes sense, but in the latter the focus is more on producing, not networking. In the natural order of things people may come and go, but more people who leave may not be inclined to open a door at their new company,

      Also consider that in a smaller market, even the networking wont help and one is forced to look in a new region. 6 degrees will be pretty rare in a situation of having to look in different states. I do agree that contracting is an option as is working with recruiting firms. Not all are great, but my experience is that you get to know the good ones and can go back to them when needed. They sometimes have the special knock to get you in the door.

      Don't throw this guy so quick under the bus until you are starting to count the years to retirement and hope you can keep a job. At 53, even with the very strong background I have, even with a reasonable network, my age can be the factor that closes, not opens doors. This society does not look favorably on age or experience. A sorry reflection of what we've become.

      --
      Life is a great ride, the vehicle doesn't matter
    4. Re:They may be on to something... by cayenne8 · · Score: 1
      I am definitely speaking with knowledge of the age range.

      :)

      Next, one either walks into a position with the intent to leave it for the next or hopefully work at said job for a long time.

      The days of a job for life, or even a LONG term gig, have been over for a long time, No one should take a job with the hope of keeping it more than 4 years or so realistically.

      if you're younger, you should be job hopping every 3 years or so, if working W2 jobs...to get promotions and raises.

      But that mindset of staying on forever in one job, one city even...are long gone if you really want to succeed and make any type of decent money. No matter what your plans, however, everyone needs to develop some social skills, REAL people skills, not just texting or FB'ing all the time, but in person, "I know him" type skills....they are really necessary in this day in age.

      It isn't always the most qualified that get in and get the good jobs...more often than not, it is who you know over what you know....

      I guess age hurts in W2 normal jobs, but at age 40-60yrs, consulting and contracting VALUE those experience years and give you shots at high paying jobs that youth simply aren't even considered for. You have to be willing to change paradigms, but you can easily get good paying jobs with age in the IT market, you just have to be willing to move, change and get with the trend.

      And no, I don't work in a large urban area.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    5. Re:They may be on to something... by Bucc5062 · · Score: 1

      " but you can easily get good paying jobs with age in the IT market, you just have to be willing to move, change and get with the trend."

      This is what makes our system fragile, or weak, or something not quite right. What you say carries weight. I don't deny that. I'd done my share of moving around, I realize the general notion of a longer (not lifetime) job is less viable, but....

      Roots matter. Being matters. I do not live to work, I work to live or at least that is how I perceive life and living. Changing paradigms every few years, when forced means I build a life on shifting sands. Expanding our horizons, seeing and experiencing other things adds great depth to our lives, but having roots connects us to more then the moment. It should not be I who swirls around, disconnected, but life swirls around me....at least in theory.

      At the end of the day the only thing constant is change. This I can accept. What is undesirable is when that change is forced upon me by others for their betterment alone. I wax philosophical, but I cannot just roll over and agree that what we have today is good. It just looks like a better version of subsistence.

      --
      Life is a great ride, the vehicle doesn't matter
    6. Re:They may be on to something... by Anonymous Coward · · Score: 0

      That happens because there are just so many people applying these days that they need the automated systems simply to filter out and reduce the number of applicants to a manageable number that the HR staff can handle. I've seen automated keyword matching systems. If your resume didn't match the 10 out of 15 keywords they were looking for, they didn't want to know you.

  21. No worries... by Anonymous Coward · · Score: 0

    I was concerned. Then, I saw this was some Gartner asshat prediction, and realized it would be wrong as usual. Really, who listens to these idiots?

  22. This has been going on for hundreds of years by bmajik · · Score: 5, Insightful

    The groaning of the economically illiterate, that is.

    I hereby sentence everyone to "Economics in One Lesson", by Henry Hazlitt.

    New technology and new production efficiencies certainly displace people who were tied to the old technologies and methods. Most people don't think too highly of the folks behind Standard Oil, but an honest assessment would suggest that they did more to save whales than anyone at Greenpeace -- by making whale oil a less cost effective heating mechanism.

    This naturally caused a huge job loss for the whaling industry -- which at the time was of course a great social woe.

    Whalers, buggy whip manufacturers, and people whos jobs can be trivially replaced by robots are all going to be displaced when technology improves.

    What bad economics (and policy makers) repeatedly do, and what is covered in Hazlitt's book, is they focus on what is seen and ignore what is unseen.

    What is easy to see when a buggy whip manufacturer loses their job is that Bob lost a job.

    What is harder to see is that nearly everyone else in the society is some fractional percent wealthier. The automobile saved people time, which is why it replaced the horse. People who spend less time unproductively can create additional wealth for the rest of society to benefit from.

    I think most people agree that a world where we all have handheld supercomputers that can take photos is a better world than one where the instant camera is the only cost-effective consumer device for seeing a photograph within 1 hour of having shot it.

    What this analysis fails to "See" is beyond the 13 jobs at instagram. It's easy to see the loss of jobs at Kodak or polaroid. But add up all of the jobs that are tangentially related to digital photography. Flickr? People working on DSLRs? People working on Photoshop? People who write a 99 cent appstore app that is a filter for your iphone's camera?

    Cast a wide net to "see" what bad economists aren't seeing.

    The thing about these luddite arguments that really shows they don't hold water is that if the old way was really better, we'd go back.

    We, in aggregate, like the new way better -- which is why we aren't giving up our smartphones and rushing out to buy film cameras.

    --
    My opinions are my own, and do not necessarily represent those of my employer.
    1. Re:This has been going on for hundreds of years by pete-classic · · Score: 2

      "The automobile saved people time, which is why it replaced the horse."

      It also saved Manhattan from being -- quite literally -- buried in horse shit.

      "Most people don't think too highly of the folks behind Standard Oil, but an honest assessment would suggest that they did more to save whales than anyone at Greenpeace -- by making whale oil a less cost effective heating mechanism."

      Strangers with this kind of intellectual honesty make me go a big rubbery one, if you know what I mean.

    2. Re:This has been going on for hundreds of years by Anonymous Coward · · Score: 0

      "The groaning of the economically illiterate, that is."

      Not quite, the real issue is human beings are becoming superfluous to the economy. At some point a social wage will become necessary. The automation just hasn't hit the educated classes hard enough just yet, once it hits the smart, society will change. You better believe it. When AI's can replace doctors and nurses, you think they are just going to sit there?

    3. Re:This has been going on for hundreds of years by nickmalthus · · Score: 3, Insightful
      Economics in one sentence, by the same Henry Hazlitt

      “The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”

      One thing I recall vividly from my college macroeconomics course was the phrase "ceteris paribus" - all things being equal. While many economic theories are logically sound "ceteris paribus" the real world is not and never will be "ceteris paribus". In the real world jobless, poverty stricken, hopeless people do not disappear into the ether once they drop off a ledger. They do whatever animal instinct it takes to survive: they commit crimes, they revolt, they support any cockamamie cause that gives them the illusion of survival or restoration of better times. Does anyone really want to repeat the mistakes of the first half of the last century where debt, specifically war debt, plunged the planet into economic depression and chaos resulting in global world war? Economic policy should be set in a holistic fashion concerned with the long term interests of all participants, not just those the current market deems leaders.

      Also remember economists are by no means immune from the same market forces that they study. How many economists are so devoted to their science that they would be willing to betray the the immediate interests of the their employer, typically governments or large corporate entities, if the science dictated it?

      --
      If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be-T J
    4. Re:This has been going on for hundreds of years by internerdj · · Score: 2

      If we are to continue to have a peaceful society then a social wage will become necessary, but that is up to the people who have power...which they get from controlling wealth...which they get by optimizing people out of the labor force... Yeah it will probably end up with social and economic destruction before we can rise out of the ashes and progress again.

    5. Re:This has been going on for hundreds of years by NoImNotNineVolt · · Score: 1

      Whalers, buggy whip manufacturers, and people whos jobs can be trivially replaced by robots are all going to be displaced when technology improves.

      So, in an era of ubiquitous automation, when all people's jobs can be trivially replaced by robots, this won't be a problem because... because we'll just do other jobs? Why wouldn't those jobs be done by robots?

      Or are you one of those people that believes that there are jobs that it will never be possible to automate? Do you believe that it will necessarily be humans that build and/or repair robots?

      --
      Chuuch. Preach. Tabernacle.
    6. Re:This has been going on for hundreds of years by Rinikusu · · Score: 1

      If I wanted religion, I'd go to church.

      --
      If you were me, you'd be good lookin'. - six string samurai
    7. Re:This has been going on for hundreds of years by bmajik · · Score: 1

      I don't know what the world will look like _if_ we reach a post-labor world. I won't speculate. Many people have.

      However, the above article isn't talking about a post-labor world, and nobody seems to think a post-labor world is just around the corner.

      I still think there are plenty of unsolved problems in the world.

      --
      My opinions are my own, and do not necessarily represent those of my employer.
    8. Re:This has been going on for hundreds of years by bmajik · · Score: 1

      Bravo, sir. By deriding something you apparently disagree with as "religion", you discredit me and religion, and discourse in general, all in one go.

      Of course, since you mentioned it, the possibility exists that one or more religions is true, and that this truth has implications upon you, even if you desperately wish this were not the case.

      So it is with what I've written about economics. You can wish very hard that what I've written is wrong, but that won't make it so. Perhaps you have an intellectually rigorous argument?

      --
      My opinions are my own, and do not necessarily represent those of my employer.
    9. Re:This has been going on for hundreds of years by geoskd · · Score: 1

      The point, that you have missed in all of this, is that economic evolution does in fact come with a cost to society. Although job losses in one market have given rise to new jobs in new markets, the effect on the overall economy is to polarize the population into the extremes of poverty and wealth. It actively destroys the middle class by making its individuals either wealthy (the lucky 1%), or gradually poorer (the other 99%). It is no accident that ours will be the first generation to fail to live the American dream (lower standard of living than our parents). This is because the forces that stood between 99% of us and the poverty line have been slowly eroded. Those forces included unions, social security, and the protection of workers rights under the laws. The result is that middle class and working class jobs are being eliminated by improvements in technology, and the only people whose standard of living is increasing are the 1%. Everyone else is slowly sliding backward. How many people out there are making the same today as they were 20 years ago after inflation? Where I work, all of the jobs pay the same actual starting wage as they did 20 years ago! My employer hands out 1.5% raises for everyone who is merely average, and if you were to somehow invent a cure for cancer, you might get 3% that year. In inflation adjusted dollars, I make less than I did when I started, and the new guys coming in make 25% less than I did when I started. This is because there is an oversupply of labor at all levels, and the company has no reason to pay more. We can however lay claim to the prize of having the most profitable 5 quarters in the history of the company. Our CEO makes 7 times what the CEO made 15 years ago, meanwhile the rest of us are expected to pay 20% of our medical and dental benefits out of the less-than-15-years-ago wages we get now.

      The only way to fix this is to correct the imbalance. Either do something to increase labor demand, or do something to reduce the supply. I would strongly advocate for a forced reduction in the acceptable work week from 40 hours to 30. Enforce that by making time worked over 30 hours pay double rate, and end overtime exemption for *all* employees. Prices would change, companies would adjust, and the stock market would take it in the shorts, but considering that the stock market got 30 years of ill gotten gains by siphoning off the wages of the workers, I'm not really that sympathetic...

      --
      I wish I had a good sig, but all the good ones are copyrighted
    10. Re:This has been going on for hundreds of years by newbie_fantod · · Score: 1

      Most people don't think too highly of the folks behind Standard Oil, but an honest assessment would suggest that they did more to save whales than anyone at Greenpeace -- by making whale oil a less cost effective heating mechanism

      Actually, the primary use for whale oil was illumination. Its use was superseded briefly by natural gas, and then permanently by electricity - so there's no credit to Standard Oil on that point.

    11. Re:This has been going on for hundreds of years by Anonymous Coward · · Score: 0

      "Not quite, the real issue is human beings are becoming superfluous to the economy. At some point a social wage will become necessary"

      This is like saying we're coming to the end of things we can create. Its absolutely fucking ridiculous.

      Human beings cannot become superfluous to "the economy" since "the economy" is the eco-system of human interaction based on value.

    12. Re:This has been going on for hundreds of years by Vaphell · · Score: 1

      Not quite, the real issue is human beings are becoming superfluous to the economy.

      no they don't because they are involved on both sides of equation. The economy is still about fulfilling human needs, automation for the sake of it doesn't make any sense.
      Either way the automation that decreases the value of human labor has a theoretical cap imposed by the absolute minimum cost of living. Behind every automation there is a profit motive and there is 0 return to the capital investment when people have 0 disposable income per capita. Yes, the job market will change, but there always has to be somebody that generates net purchasing power - in other words it's impossible to automate all jobs and in reality automation will stop being introduced long before that point because real world inefficiencies and friction.

      Minimum wage way above the clearing price of labor is what accelerates the process, because the deal is simple: automation and labor compete, by increasing the price of labor you are doing automation a favor.

    13. Re:This has been going on for hundreds of years by bmajik · · Score: 1

      Well, a few places where we agree

      1) a vigorous, free market will cause a broad distribution of wealth and incomes

      2) economic change has immediate, negative effects for some members of society

      Let's talk about the rest of what you wrote.

      Most people I know -- at all income levels -- _are_ better off than they were 20 years ago. As in, we have inflation-adjusted higher wages. So it's important not to extrapolate from ones own situation.

      But lets unpack an assumption. You are talking about _Wages_. I am not limiting the conversation to that.

      Suppose for the sake of argument that your inflation adjusted wages are lower.

      Is your standard of living lower? Your wealth?

      I expect the answer is "No". Most people have a larger home with a higher level of luxury than did our parents generation. The cars we have are faster, safer, more environmentally responsible, and more convenient than the cars of 20 years ago. The computing power available to us today exceeds that of 20 years ago.

      We Americans -- all of us -- are much better off than were the Americans of 20 years ago. We are all "richer" in terms of the luxuries in our lives.

      In some -- perhaps many cases -- this isn't measured in inflation-adjusted after-tax savings. But this could easily be explained by the other things -- we have more stuff, and it is nicer stuff, but we might have less savings or might have less disposable income.

      Are we better off or not? I suppose that's a question of perspective; I hope you agree that my perspective (we have nicer stuff) is a valid one to consider.

      And what about the 99% vs. the 1%? I also disagree that it is only the top 1% who are better off. I am well outside the 1% group and I am MUCH better off now than I was 20 years ago, both in "wealth", wages, and inflation-adjusted wages.

      Also, I find the 99% vs 1% discussion kind of problematic. Using the either a wage scale, or certainly the all-encompassing "wealth" definition I talk about (stuff, quality of stuff, etc), the poorest of the poor in the US are still in the top 1% of humans on planet earth. And so if we want to talk about wealth or wage distribution disparity as a human rights issue, we have the large pink elephant of impoverished rural china or sub-Saharan Africa to contend with. All of us are the 1% compared to somebody else. What are "our" obligations to provide equitable wealth to people on the other side of the world? Where does that obligation come from? Etc etc.

      Let's also talk about poverty level. Has the actual, overall condition of Americans declined, or has the definition of poverty been ratcheded up? Ours is the only civilization where the very "poor" die from obesity instead of famine. Ours is the only society where the "destitute" often have luxuries like air conditioning, color television, and designer shoes.

      These things weren't available to the richest 0.00001% 150 years ago... the emprerors and monarchs of vast kingdoms.

      This is the increase in wealth, for nearly everyone, brought about by the creation and destruction in a vigorous market, that many people ALSO overlook.

      --
      My opinions are my own, and do not necessarily represent those of my employer.
    14. Re:This has been going on for hundreds of years by HiThere · · Score: 1

      It's actually more subtle than that. Most economists are telling the truth, as they see it. And only the ones who believe in government choose to work in government, only the ones who believe in corporatism choose to work for corporations, etc.

      The analysis of economic consequences is not "hard" enough that if you don't like a conclusion you can be forced to it anyway. All you need to do is make the appropriate selection from the existing available facts and you can reach nearly any conclusion you may desire.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    15. Re:This has been going on for hundreds of years by Rinikusu · · Score: 1

      Austrian economics is religion. It has zero empirical backing, whatsoever. This puts it firmly into the realm of faith, hence, religion. Now, go fuck yourself.

      --
      If you were me, you'd be good lookin'. - six string samurai
    16. Re:This has been going on for hundreds of years by HiThere · · Score: 1

      The post-labor world is around 30 years away. Perhaps a bit shorter or longer depending largely on decisions that we make right now.

      The question is, "How do we survive the transition?"

      Making everyone have a job for survival is a near sure-fire guarantee of huge civil unrest. The automated soldiers that are currently being built[*] will get a thorough test.

      [*] Yes, the current model is really a telefactor. That's temporary. And the design is on-going. Built may be the wrong word, but so would "designed" be. Evolved might be closer, as more advanced models replace earlier models.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    17. Re:This has been going on for hundreds of years by 0123456 · · Score: 1

      That'll be why Austrian economicts were predicting that holding interest rates at artificially low levels and handing out mortgages to anything with a pulse would cause global economic disaster, while non-Austrian economists were saying it was all just lovely and making everyone rich forever!

    18. Re:This has been going on for hundreds of years by Rinikusu · · Score: 1

      You make a billion predictions, some are bound to come true. Where's hyperinflation, for example? Austrian economics has zero basis in reality, BY DESIGN. Yes, I've read the pertinent material (including Hazlitt, von Mises, and even some Murray Rothbard). Just because you don't like the fact that Austrian economics is a pure thought exercise doesn't mean it's not true, to use the GPs own argument.

      --
      If you were me, you'd be good lookin'. - six string samurai
    19. Re:This has been going on for hundreds of years by Rinikusu · · Score: 1

      In other words, show me the models. Show me the method. Show me the data. Otherwise, its not SCIENCE (and to be fair, von Mises also claimed that economics isn't a hard science, but his adherents somehow miss that...). What does that leave?

      --
      If you were me, you'd be good lookin'. - six string samurai
    20. Re:This has been going on for hundreds of years by 0123456 · · Score: 1

      So, you're saying we're not in the middle of a global economic disaster and the future will all just be lovely?

    21. Re:This has been going on for hundreds of years by PRMan · · Score: 1

      Natural gas isn't produced by oil companies?

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    22. Re:This has been going on for hundreds of years by Tablizer · · Score: 1

      Maybe we are trading jobs for widgets? IF it came to a choice between the two as a nation, which one should be emphasized?

    23. Re: This has been going on for hundreds of years by ichifish · · Score: 1

      I fully agree with everything you wrote except that in this case there is a fundamental difference: The digital "jobs" that spin off in the digital economy from companies linr Instagram are producing digital goods (snazzy pictures) of extremely limited value, as the supply is nearly infinite and the demand is limited by the amount of consumption we have time for. You can see this happening in real time in the game industry: as the barriers to production and distribution fall, so does the cost to consumers and the perceived value of the product. The industry itself is huge, but a lot companies are struggling because consumers have a nearly inexhaustible supply of games. Great for consumers and great for games as competition improves quality, but it also drives down the value of the workers.

    24. Re: This has been going on for hundreds of years by ichifish · · Score: 1

      Actually, an addendum: The argument that "if this were not the best way we wouldn't do it" is completely false. You can look at every aspect of society -take the US political system- and see that things are not done the "the best way," they are done "the best way to fit ones specific needs," the outcome of which is degeneration.

  23. Solution: by Anonymous Coward · · Score: 0

    Make less people. It's just what the Republicans have been saying, make do with less!

    1. Re:Solution: by Anonymous Coward · · Score: 0

      Serbia was trying to do that I think but somebody keeps trying to stop them

    2. Re:Solution: by Anonymous Coward · · Score: 0

      If that's the case, why are they so against abortions?

  24. Thank you for your insight, Mr. Futurist. by Anonymous Coward · · Score: 2, Funny

    I also have a few predictions of stuff that will happen in 2014:

    - Further improvements in production efficiency and robotics will increase unemployment to sky-high levels.
    - The unemployed masses will be sitting on their asses with nothing to do, so they will start inventing new technologies, such as the Flying Car.
    - Unemployed masses will be put to work to build factories that produce the Flying Car, and to manufacture the Flying Car.
    - Robots will replace production line workers at the Flying Car factory.
    - Mass unemployment will follow. The only ones who can afford a Flying Car are the assembly robots from the flying Car Factory.
    - Humanity is screwed and robots are buzzing around in Flying Cars.

    Anticipating this, I, for one, welcome our Robotic Flying Car Overlords.

  25. For once, I agree with Gartner by ErichTheRed · · Score: 5, Insightful

    Gartner, Forrester, etc. are the bane of my existence in IT, because they promote magical thinking among executives, but this time they're right about something.

    No one is prepared to deal with the dirty little secret of the information age -- that there are going to be huge swaths of the population who will be out of work, with no prospects for future employment. The last time around, it was low-skilled factory workers. Now it's the middle class's turn! And when half the country has no money and no work, they're going to get angry.

    I don't think the current generation of office workers is really thinking about how much less of them will be needed once companies get around to squeezing every single nickel out of every single business process. It's already happening on a huge scale, even in the IT sector. Anything rules-based is basically fair game for automation. Think back a couple of decades -- how many millions of bookkeepers, accountants, secretaries, low-level report-consolidation managers, etc. did large companies employ and pay a decent middle class salary to? Each one of those went out and bought those large companies' products, bought houses, cars and vacations. Now that strong base of consumers is disappearing, or they need to finance their purchases through debt because their wages don't keep up. Large numbers of corporate jobs can still be summed up as "I look at reports from this location, perform a few calculations and summarize the resulting numbers for my management by emailing them a spreadsheet." No one can tell me that the accountants haven't noticed this...

    The vast majority of people in the middle class, in my opinion, are averse to social welfare policies simply because they don't think anything bad is ever going to happen to them. Worse, they think that if they support the richest people and just try really hard, they'll eventually be rich themselves. This thinking is going to backfire hard on them when their nice safe job is automated or no longer needed. For example, the most vocal opinions of the new healthcare law in the US are typically middle class families who get their insurance coverage through work and have never had to worry about not having it. Try explaining to them that there are a significant number of working individuals who can't afford insurance and you get, "But...but...socialism!!" All I can say is the next few years will be very interesting. If you believe the Star Trek TNG writers, it's going to take a massive upheaval to get to a post-scarcity utopia.

    1. Re:For once, I agree with Gartner by Anonymous Coward · · Score: 0

      Large numbers of corporate jobs can still be summed up as "I look at reports from this location, perform a few calculations and summarize the resulting numbers for my management by emailing them a spreadsheet." No one can tell me that the accountants haven't noticed this...

      My entire job is to convert these "jobs" into automated processes and reports. I doubt my job-killing job will be in jeopardy soon, but I never count on anything.

      And I can speak with experience when I say that existing upper-level management at many companies has not yet realized what could be eliminated through automation. I constantly have to urge them to rid their organizations of ridiculous processes that the users cling to because "it's the way they've always done it". Most of these are replaced by a simple report. Some require additional processing, scheduling, or a "release" mechanism. But that's about it. Much of the day-to-day tasks could be done away with by an ever-expanding automated solution.

    2. Re:For once, I agree with Gartner by h4rr4r · · Score: 1

      I do some of this and the other thing I find is how many of these reports are either never used or are used and mean nothing.

    3. Re:For once, I agree with Gartner by fuzzyfuzzyfungus · · Score: 4, Funny

      Who needs 'post-scarcity utopia' when you can huddle behind the razor wire that surrounds your gated enclave and watch the battle between the barbarous criminal scum living in filth in the sacrifice zones and SecuriDyne kinetic pacification drones in real time, HD, 24/7 on the fear channel?

      That, my friends, is Progress(tm)

    4. Re:For once, I agree with Gartner by 0123456 · · Score: 1

      Who needs 'post-scarcity utopia' when you can huddle behind the razor wire that surrounds your gated enclave and watch the battle between the barbarous criminal scum living in filth in the sacrifice zones and SecuriDyne kinetic pacification drones in real time, HD, 24/7 on the fear channel?

      The whole concept of a 'post-scarcity utopia' is bullshit anyway. If Star Trek is a 'post-scarcity utopia', why doesn't everyone get their own enormous starship?

    5. Re:For once, I agree with Gartner by Anonymous Coward · · Score: 0

      I modded you +1 Insightful because I couldn't give you +1 Terminator.

    6. Re:For once, I agree with Gartner by P-niiice · · Score: 1

      Probably because everyone doesn't want one, or qualify to operate or run one. Many would be happy being a musician, or making wine, or playing games, or whatever.

    7. Re:For once, I agree with Gartner by Anonymous Coward · · Score: 0

      you and bmajik share insight i can appreciate. that is all.

    8. Re:For once, I agree with Gartner by Anonymous Coward · · Score: 0

      Sorry but why would anyone want to do the work that can be automated. People can be freed to do work that they would want to do--provide services that people want. Getting rid of inefficiencies is good for the overall economy. However, people have had to get more educated to get into jobs that require more skill. Why would people have no prospects for further employment? Each time a revolution in technology has occurred, new, un-predicted jobs have arisen as a result. Just think of all of the 'social media' type jobs that are out there right now.

    9. Re:For once, I agree with Gartner by 0123456 · · Score: 1

      Probably because everyone doesn't want one, or qualify to operate or run one.

      Yeah, that's right. All the people on the Enterprise doing the crappy jobs do it because they love doing crappy jobs, not because no-one willl give them their own Enterprise in the glorious 'post-scarcity' Federation.

      Just like everyone in the Soviet Union was free, so long as they did everything they were told to do.

    10. Re:For once, I agree with Gartner by Natales · · Score: 1

      I've actually had the chance to see this myself. I started working for VMware in at the end of 2003, when virtualization was new. It slowly and gradually entered the datacenter, first in development and testing workloads and then production to mission critical apps. All this time I've seen the server to admin ratio change dramatically, first with tens to hundreds to now thousands of systems that can be managed by a single admin. This obviously means the gradual extinction of the traditional sysadmin, same way the operators disappeared with the decline of the mainframe.

      Now automation tools and proactive analytics are gaining huge momentum and will doom yet another segment of the IT force, even managers who approve or deny decision can be replaced by software policies and self-service portals.

      If any company would have the chance to run their whole IT as a single black box with a switch and no humans involved whatsoever, most would do it. It sucks, but denial won't help either.

    11. Re:For once, I agree with Gartner by Anonymous Coward · · Score: 0

      Post-scarcity. Think about what that means. A resource, or resources in general, that used to be scarce and valuable is no longer scarce. There's plenty of it around. More than most people know what to do with. Consequently, it's cheap.

      We live in a post-scarcity society when it comes to computing power. Everyone walks around with more computing power than was used to send the Shuttle up into space. Most people just use it to chat with each other, fling explosive birds at pigs, or look at pictures of cats. There will always be uses for more computing power, but the average lay person on the street simply doesn't have a use for the majority of the clock-cycles they have.

      Food is cheap. Types of food anyway. Sustenance is cheap. Fancy luxury food is expensive and there are a lot of places that put on a big show about it. You know, restaurants. Because we like to spend a lot of money on this. But it's optional. Indeed, since it largely involves people bringing it to you in a fancy location, and rent and labor are so expensive, it's a lot more expensive to bring the food that last few meters from their microwave to your plate than it is to ship it across an ocean and truck it to a store, so you can pick it up yourself.

      If you just want to get enough calories to live on, you can get a 20lbs bag of rice or pasta for $10. That's 202 servings. It could feed you for 2 months. You'll probably pay more in energy costs to heat up the water to boil it.
      FOOD IS CHEAP.
      A lot of people like to harp about "limited resources" that will cause the poor starving masses to rise up and and kick off a revolution. And truth be told, they're not starving, they just want some flavor. (And hell yeah that's a reason to revolt, a man can't live on bread alone). People starve to death in the world, but it's mostly a logistics issue and/or someone being fucking stupid.

      So yeah, there are plenty of things that are scarce. And that will probably always be true. But, for some things, we most certainly live in a post-scarcity society. Today.

    12. Re:For once, I agree with Gartner by Anonymous Coward · · Score: 0

      Join this post-capitalism community, if you really mean what you say: http://cooperativa.cat

    13. Re:For once, I agree with Gartner by sydbarrett74 · · Score: 1

      So yeah, there are plenty of things that are scarce. And that will probably always be true. But, for some things, we most certainly live in a post-scarcity society. Today.

      Food is cheap only because the true costs to the environment are externalised. Monoculture? Loss of species? Degraded soils? Peak potassium and phosphorus? Aquatic dead zones? If the agricultural sector had to factor in all of those costs, the price of food would be far higher. Let us also not forget the fact that our 'cheap' food is loaded with sodium and refined sugar, both of which are slowly poisoning us. Cheap food now, expensive healthcare decades hence.

      --
      'He who has to break a thing to find out what it is, has left the path of wisdom.' -- Gandalf to Saruman
    14. Re:For once, I agree with Gartner by Kvan · · Score: 1

      I absolutely agree that we have only seen the tip of the iceberg in white collar job automation. However, many of those jobs were already offshored, so I think the effects once management catches up will be even more profound in places like India and the Phillipines.

      --

      "A *person* is smart. People are dumb, panicky, dangerous animals and you know it."
      - 'K' in Men in Black.

    15. Re:For once, I agree with Gartner by Dripdry · · Score: 1

      What's happening here is that management is inventing more bureaucracy and processes to keep people busy. Meanwhile we charge more and more money for our services. it makes management LOOK like they're doing something and keeps us entering ever more data and more CYA notes.

      --
      -
  26. Utopia? by mspohr · · Score: 2, Insightful

    I remember a long time ago when I was young that some people were predicting a future where due to technology advances you only had to work a small number of hours to meet your basic needs. People were worried about what we would do with all that leisure time.
    Of course, this was naive and while it is true that technology advances have made it possible to produce much more with less labor, all of the productivity gains have been captured by the corporations and the 1%.
    We now have a situation where there is a surplus of capital controlled by the rich 1% and corporations and also a surplus of workers due to gains in productivity. Unfortunately, this leads to low wages and not enough jobs. Poverty and social unrest are the result.
    One would think that different approach to society would correct these imbalances by first raising the pay for work which would allow people to work fewer hours and create more jobs. Also, the idle capital of the rich and corporations could be harnessed (taxed) to improve infrastructure and social services.
    We could have a utopia if the capitalists weren't so firmly in control of our government. Instead we have a dystopia with poverty, disease and social unrest... perhaps that could lead to a better government but it will be messy and the outcome is far from certain.

    --
    I don't read your sig. Why are you reading mine?
    1. Re:Utopia? by Anonymous Coward · · Score: 0

      I remember a long time ago when I was young that some people were predicting a future where due to technology advances you only had to work a small number of hours to meet your basic needs. People were worried about what we would do with all that leisure time.
      Of course, this was naive and while it is true that technology advances have made it possible to produce much more with less labor, all of the productivity gains have been captured by the corporations and the 1%.

      Actually, if people would actually be more efficient with their extra wages, they wouldn't have to work so damned hard!
      Instead, the first thing that happens every time you get a pay increase is that your spending increases in lock step. We have WAY more than we ever need, yet the US and Canada have saving rates around 3%. "I just NEED to have this new widget, or I won't be able to be cool."

      It has nothing to do with the 1%, rather it's the idiot masses who just want a little retail therapy to help "ease the pain of daily life".
      It's something like Jevons paradox. Have more money, spend even more!

    2. Re:Utopia? by Belial6 · · Score: 1

      Part of the unfortunate path we are taking is that people have a hard time with the idea that one type of government/economic system could be right for one level of human progress, while a different government/economic system could be right for a different level of human progress.

    3. Re:Utopia? by Anonymous Coward · · Score: 0

      I remember a long time ago when I was young that some people were predicting a future where due to technology advances you only had to work a small number of hours to meet your basic needs. People were worried about what we would do with all that leisure time.

      And if we'd really stick to "basic" needs, that would be quite true. ACing since I'll be going into family details but my parents have basically gone all Scrooge in their old days, they hardly spend any money on anything, they bargain hunt, they use everything until it's worn out and broken not just worn and ugly. They live off less than one of their pensions which aren't particularly large to begin with, what they're saving up for I'm not sure but they're not hungry or cold or lack any basic necessities. They have the dirt cheapest kind of cell phones, really old computers to browse the web so it's not like they're not total luddites either but it's all absolute minimums. One old car with original cassette player. They're not quite up to dumpster diving but they have some furniture that is older than I am.

      I don't think they've been to a restaurant in the last decade, if they were it must have been a big occasion. They wouldn't know what Starbucks coffee tastes like, you can make it cheaper at home. Did I mention it's black, no cream no sugar. I don't know that they've been to any cinema, theater, concert or anything else with an entrance fee in forever but they watch plenty TV since a basic subscription is in the rent. Not that they're shut-ins or anything, they go to anything that's free and they're out and about searching for sales and special offers. But they're clenching to their money so hard I've given up trying to make them change.

    4. Re:Utopia? by roeguard · · Score: 1

      We could have a utopia if the capitalists weren't so firmly in control of our government. Instead we have a dystopia with poverty, disease and social unrest... perhaps that could lead to a better government but it will be messy and the outcome is far from certain.

      By any objective measure, the US has less poverty and disease than pretty much any time/place in history. (Unless of course, you define poverty as the lowest paid 5% of the population, but then there isn't much anyone can do to eliminate that -- there will always be a bottom 5% of earners.)

      Our biggest problem right now is indeed social unrest, and I think its fair to attribute that to capitalism. For the first time in history, effectively our entire economy is focusing on "Wants" and not "Needs" due to unprecedented productivity gains. That will likely shift the moral foundation of what money represents, strengthening it as a way to keep score among socially conscious, and further reducing its initial role as an abstraction of value provided to the community.

    5. Re:Utopia? by Anonymous Coward · · Score: 0

      by first raising the pay for work

      This does not work.

      Take this thought experiment. Boom every single person in the united states has 1 billion dollars. How much does a loaf of bread cost? For small fraction of time the old price. But very soon thereafter quite a LOT more.

      to work fewer hours

      This may work. But same experiment. Boom everyone owes 100k in debt (same effect as lower hours). How much does a loaf of bread cost? Suddenly you would see the price drop. But not by much as the fixed costs for production still are in effect.

      If you do both you probably would just run the guys who make bread out of business as they would not know from one day to the next what to price things at so they can feed their own families.

    6. Re:Utopia? by Anonymous Coward · · Score: 0

      So we should vote to take away from the few to give to the many?

    7. Re:Utopia? by mspohr · · Score: 1

      On poverty... it is much worse today...
      "In November 2012 the U.S. Census Bureau said more than 16% of the population lived in poverty in the United States, including almost 20% of American children,[7] up from 14.3% (approximately 43.6 million) in 2009 and to its highest level since 1993. In 2008, 13.2% (39.8 million) Americans lived in poverty.[8] California has a poverty rate of 23.5%, the highest of any state in the country.[9]

      In 2011 extreme poverty in the United States, meaning households living on less than $2 per day before government benefits, was double 1996 levels at 1.5 million households, including 2.8 million children.[10] This would be roughly 1.2% of the US population in 2011, presuming a mean household size of 2.55 people. In 2011, child poverty reached record high levels, with 16.7 million children living in food insecure households, about 35% more than 2007 levels.[11] In 2009 the number of people who were in poverty was approaching 1960s levels that led to the national War on Poverty.[12]" - Wikipedia

      People in poverty are not focusing on "wants"... they are just trying to meet basic needs.
      Interesting fact... 44% of people in homeless shelters have a job. Surely wages are too low.

      --
      I don't read your sig. Why are you reading mine?
    8. Re:Utopia? by 0123456 · · Score: 1

      Indeed. Socialists just can't cope with the idea that socialism was an industrial-era philosophy that's laughably antiquated in the 21st century.

    9. Re:Utopia? by PRMan · · Score: 1

      We could make a law that nobody that doesn't own at least 1% of the company can work more than 40 hours in a week. This would solve unemployment overnight and probably benefit the economy by spreading more wealth, because companies would be forced to stop getting 80 hours per week out of people that they are paying for 40.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    10. Re:Utopia? by HiThere · · Score: 1

      Take what? Money only has value because society agrees that it has value. Deeds to property are social agreements. Etc.

      I don't particularly like "Might makes right", but that applies when the might is exerted by the government, too.

      The when Athenian democracy was at its healthiest, the richest men in town were around 50 times as wealthy as the poorest. An argument can be made that a larger society needs a greater degree of inequality, but it should have a fan out like a B+Tree, (probably one with an order of around 10, though that's a rough guess) and the separation between levels should be approximately equal. And those on the very lowest level should have a "living wage". The US was doing things about right during the 1950's, though I'd argue for a more regular income tax with NO exemptions. Even a simple linear tax (i.e., straight percentage) would be ok if the intercept were adjusted so that those who didn't earn enough to live on got a negative tax (at the same straight percentage).

      If you don't recognize the equation already, it's:
      y = mx + b
      where y is taxes owed, m is the tax rate, x is income, and b is a constant used to allow those without an income to survive. (But you've got to count all income. Long term capital gains are income. Income from rental properties are income. etc. You turn it into accessible money, it's income. Hold onto it, and it stays an investment. Sell your house, and it's income. Buy a new one...sorry, no tax benefit. If you want to support that, put it in a separate law. [Yes, I'm in favor of supporting that. But it shouldn't be a valid argument to write loopholes into the tax code.])

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    11. Re:Utopia? by Anonymous Coward · · Score: 0

      Good grief, who fills your mind with this nonsense?

      Do you honestly believe you personally haven't benefited from technology & productivity gains? Do you honestly believe the prices of the things you buy are not affected?

      Do you honestly believe that the trillions of dollars we have spent on the war on poverty - which hasn't changed the poverty level one bit in 40 years - would be solved if we threw even more trillions at it?

      Or are you simply repeating something you WANT to believe, because it makes you feel better...

  27. Kodak: only 130,000 jobs? by Culture20 · · Score: 1

    Kodak kept far more than 130,000 in work. There were plenty of side businesses that fed off of kodak: photo labs, professional photographers (yes, they still exist, but now that people can take 300 pictures without spending a huge amount of time and money, they're less likely to hire a pro).

    1. Re:Kodak: only 130,000 jobs? by Culture20 · · Score: 1

      Of course, digital photography keeps far more than 13 people employed too.

    2. Re:Kodak: only 130,000 jobs? by geoskd · · Score: 1

      Of course, digital photography keeps far more than 13 people employed too.

      The totality of digital photography employs far fewer, than just the 130k Kodak employed. The only way you can make the numbers say anything different is if you give credit for the totality of the cell phone industry to digital photography, or something equally absurd. The new industry that replaced photography is social networking, which employs far fewer people, and will employ even fewer as the inefficiencies are worked out while the industry matures.

      Meanwhile, the population keeps growing. Under capitalism, supply and demand trumps all. That is why wages have stagnated, and will in fact begin to drop soon.

      --
      I wish I had a good sig, but all the good ones are copyrighted
    3. Re:Kodak: only 130,000 jobs? by Anonymous Coward · · Score: 0

      Kodak blew that up when photo lab film technicians started making moral judgements about the pictures people were taking. It really kicked off about 2000 when there was a documentary about professional photographers, and one cameraman said everyone should try and be spontaneous about the time they take photographs. Some people took that literally and just took pictures wherever and whenever. Then the photographic shots were forgotten about, the reels went into the lab, and the technician reported what they thought was a violation of state law.

  28. Luddites are wrong ? by gutnor · · Score: 1

    For once that will be very easy to check. We are not talking about prediction but daily reality: people are losing their job now, so it won't take long to see who is right and who is wrong.

    That said both the examples in the article "Luddites are wrong" and the "industrial revolution" were successful technological revolution. However, there is a huge difference. In "Luddite are wrong", there is a smooth transition from old job to new job. Not such much with the industrial one. Although it will prove to be a long term good for humanity, it has been a (long) period of intense misery for the majority of the population.

    Considering that is a scenario people look up too, I don't want to imagine the pain society will be in if the luddite are not wrong.

    1. Re:Luddites are wrong ? by the+eric+conspiracy · · Score: 3, Funny

      There has never been a smooth transition. When the farms were mechanized we got major dislocations along with a vast increase in the wealth of America.

      cf. "The Guilded Age".

      http://www.austincc.edu/lpatrick/his1302/agrarian.html

      http://en.wikipedia.org/wiki/Gilded_Age

  29. Gartner by Anonymous Coward · · Score: 0

    I'm sorry, I don't understand English unless it is in the form of magical squares or whatever other pseudo "research" products that gartner puts out.

    1. Re:Gartner by NoImNotNineVolt · · Score: 0

      Maybe we won't need store clerks any more but we will need somebody doing something new and unanticipated at this time.

      Why? Why would we need somebody doing something new and unanticipated at this time, when a robot could do it for cheaper?

      Or are you one of those people that believes that there are jobs that it will never be possible to automate? Do you believe that it will necessarily be humans that build and/or repair robots?

      --
      Chuuch. Preach. Tabernacle.
    2. Re:Gartner by Anonymous Coward · · Score: 0

      One factor that some overlook: Government's (state, federal, and local) share of the economy is ALWAYS growing. According to US census in 2000 and 2010, more people were employed by local, state, and federal government than were employed by private sector. The GDP is $16T and the Federal budget alone is just under $4T. Stop and think about that for a minute. Wanna bet that there are still government departments (paying good salaries with nice pensions) that are regulating buggy whips? The unrest will come as a result of bureaucracy run amok.

    3. Re:Gartner by Anonymous Coward · · Score: 0

      You assume that all revolutions are the same, they aren't.

      Before we had a situation where we had more work than we had people to begin with and that the jobs removed were replaced with sizable jobs before (not as many but still a decent chunk) which still had most of them with work.

      We are transitioning to the point where we have more people than we have work for and the revolution we are going through is removing massive chunks of jobs and replacing with virtually no jobs by comparison.

      Sorry but this revolution and the ones that proceed it won't be like the rest as we have already passed that tipping point and we NEED to adjust to that reality or suffer to it.

    4. Re:Gartner by Anonymous Coward · · Score: 0

      -- Newflash: Motor vehicles put buggy whip manufacturers out of business.

      What are the horses up to these days? In the coming decades most of humanity will be economically irrelevant, we are the horses this time around. After all, everything we humans have to offer economically is on that small spheroid on the top of our shoulders. The economically relevant functionality of the brain WILL be figured out and be improved upon substantially. However that doesn't have to be a bad thing, we humans should not have to work to live well.

  30. NAFTA already did that ! by Anonymous Coward · · Score: 0

    That great "sucking sound" after NAFTA was passed was tens of thousands of jobs being sucked away heading to cheap over-seas labor. It continues even now, anytime new technologies create an environment for more jobs for the homeland corporate greed quickly sucks the jobs away to cheapest labor.

  31. Revolution doesn't kill Jobs. by Anonymous Coward · · Score: 0

    Pancreatic cancer, however...

  32. Not this shit again by Digital+Vomit · · Score: 5, Insightful

    Gartner says new technologies are decreasing jobs. In the industrial revolution â" and revolutions since â" there was an invigoration of jobs.

    So, the guy didn't learn from the Industrial Revolution (and revolutions since) that all the fear of 'no more jobs for anyone' ended up being unfounded?

    New technologies don't decrease the number of available jobs; wealth sequestration among the super-rich does. With the Middle Class having less and less money to spend, the demand for products -- and the jobs required to create them -- goes down. We've been seeing this over the past thirty years, which just happens to coincide with the rise of the computing industry.

    --
    Modern copyright is theft of culture from everyone and it retards the progress of the useful arts and sciences.
    1. Re:Not this shit again by ErichTheRed · · Score: 2

      Serious question --

      Subsistence agriculture --> Organized agriculture --> Mechanized agriculture --> Industrial revolution --> Assembly-line factories --> Corporate paper pushing jobs --> IT and service jobs --> ?

      Fill in the blank. What will the millions of people who are not qualified for the handful of knowledge work jobs left do?

      That's where the wheels fall off the Luddite argument. We're just out of higher-level tasks to shift the huge displaced workforce to.

    2. Re:Not this shit again by suutar · · Score: 4, Interesting

      The fear now seems to be that the new jobs are not as people-intensive and won't be able to absorb the unemployed population. (A different fear is that the jobs that do get created will get created somewhere with cheaper labor, because the new jobs created by the internet and web are indifferent to physical location... which is the whole point of the internet and web, after all.) I think there will always be something for people to do, but I think it's quite possible that for a lot of people it's going to wind up being "come up with something that you think other folks will like enough to buy and see if you're right". It seems like a logical progression from both the "you're responsible for all your own issues (retirement, health care) that your employer used to hire folks to handle for you" and from the etsy/kickstarter/indie musician directions. The problem with that, of course, is that most of the folks trying that are going to fail...

    3. Re:Not this shit again by Alain+Williams · · Score: 2

      So, the guy didn't learn from the Industrial Revolution (and revolutions since) that all the fear of 'no more jobs for anyone' ended up being unfounded?

      This happens every time something new comes in. Yes: it does cause some people to loose their jobs as what they do can be done more cheaply by new tech, but it creates more jobs elsewhere. Remember the Luddites who went around smashing up the new mill machine. They wore clogs as shoes and stuffed them into the machines (which is why we say things are 'clogged up') and gave rise to the word 'sabotage' ('sabot' is the French word for 'clog').

    4. Re:Not this shit again by Alejux · · Score: 1

      The industrial revolution happened when men overcame the power of their muscles. We still had our brains going for us. Now with AI and automation, we are gradually overcoming the power of our brains. Soon (in a few decades), there will be very few things a human will be better at then an AI. What jobs do you imagine being created, when you can just put a cheap automation to do the job for you?

    5. Re:Not this shit again by Sulik · · Score: 3, Funny

      What about: -> "guy-paid-to-feed-virtual-pets-on-facebook" ? I guess that would fall in the new upcoming "Virtual Subsistence Agriculture" category

      --
      Help! I am a self-aware entity trapped in an abstract function!
    6. Re:Not this shit again by h4rr4r · · Score: 1

      Jobs that you don't want cheaply automated. People already pay extra for handmade things. Soon people will pay to have their lawn work done by hand so it can be imperfect and unique. More and more trivial or what would now seem silly work will be done as well.

    7. Re:Not this shit again by NoImNotNineVolt · · Score: 1

      We're talking about automation eliminating jobs. If some people lose their jobs as what they do can be done more cheaply by new tech, why would the jobs created elsewhere go to people? The very premise is that robots can do the job better. Surely the newly created jobs would go to robots as well, no? I mean, what business owner would pay more for human workers when they could pay less for robots?

      Or are you one of those people that believes that there are jobs that it will never be possible to automate? Do you believe that it will necessarily be humans that build and/or repair robots?

      --
      Chuuch. Preach. Tabernacle.
    8. Re:Not this shit again by Anonymous Coward · · Score: 0

      The issue that no one is really perceiving here is that in the short term businesses are hedging their bets against a crumbling American consumer base by cultivating user bases in rising markets - one needs only look to Apple's strategies in China to glean a notion of where the megacorporations perceive the future to lie.

    9. Re:Not this shit again by geoskd · · Score: 1

      New technologies don't decrease the number of available jobs; wealth sequestration among the super-rich does. With the Middle Class having less and less money to spend, the demand for products -- and the jobs required to create them -- goes down. We've been seeing this over the past thirty years, which just happens to coincide with the rise of the computing industry.

      New technology is the primary vehicle that the wealthy use to acquire more wealth. The greater the disruption the technology causes, the faster it increases the disparity between the wealthy and the poor.

      In the past, we have used progressive taxes to combat this trend. Today that mechanism is broken...

      --
      I wish I had a good sig, but all the good ones are copyrighted
    10. Re:Not this shit again by geoskd · · Score: 1

      I think there will always be something for people to do, but I think it's quite possible that for a lot of people it's going to wind up being "come up with something that you think other folks will like enough to buy and see if you're right".

      And to make it interesting: If you guess wrong, you starve to death. Good luck contestants.

      --
      I wish I had a good sig, but all the good ones are copyrighted
    11. Re:Not this shit again by grumbel · · Score: 2

      So, the guy didn't learn from the Industrial Revolution (and revolutions since) that all the fear of 'no more jobs for anyone' ended up being unfounded?

      That is unless you were a horse. I don't see all that many horses employed any more, there are still a tiny few jobs left for horses, but for most part the talents that a horse provided has been completely replaced with machines, leaving the horse job less. With humans it's going to take a little longer till all our talents can be replaced by machines, but I don't see any reason to assume that won't happen and that we will end up just as jobless as the horses.

    12. Re:Not this shit again by grumbel · · Score: 1

      The problem is that technology is getting flexible and powerful enough that it is reaching a point where all those shiny new "jobs" that get created will be staffed by machines right from the start.

    13. Re:Not this shit again by Vaphell · · Score: 1

      and if you asked a guy before invention of the computer, what would he reply to this?
      Subsistence agriculture --> Organized agriculture --> Mechanized agriculture --> Industrial revolution --> Assembly-line factories --> Corporate paper pushing jobs --> ... ?

      and if you asked someone from before the age of coal and oil, what he would reply to this?
      Subsistence agriculture --> Organized agriculture --> ... ?

      The point is the future is generally unknown but it happens anyway.

    14. Re:Not this shit again by IANAAC · · Score: 1

      What about: -> "guy-paid-to-feed-virtual-pets-on-facebook" ? I guess that would fall in the new upcoming "Virtual Subsistence Agriculture" category

      Or, as it's currently called, MTurk.

    15. Re:Not this shit again by Fned · · Score: 1

      This this this.

      A rising tide raises all boats, but what we're seeing is the water level in the harbor being raised artificially by the big boats sinking all the smaller boats around them...

    16. Re: Not this shit again by Dr_Barnowl · · Score: 1

      But there's no way they could afford their artisan lawn mowing service in a capitalist economy, because once labour is inessential, they will have no job to pay for it.

      The inalienable rights of man need to include an equal fraction of the planet's resources and the output if the robot labour.

    17. Re:Not this shit again by Anonymous Coward · · Score: 0

      Serious correction -

      Mechanical-anything didn't come before the industrial revolution. That was kind of the point of it all.

      "Corporate paper pushing jobs" ARE "service jobs".

      Finally,

      What will the millions of people who are not qualified for the handful of knowledge work jobs left do?
      That's where the wheels fall off the Luddite argument.

      That actually IS the argument of the Luddites, not where their argument falls apart. I think you just fucked up the saying about wheels falling off.

      What will the millions of people who are not qualified for the handful of knowledge work jobs left do?

      Well, their kids will go be knowledge workers. In the meantime there's probably going to be some unrest.

      Also, what you're talking about technological revolutions. Or "singularities" as defined as "ever accelerating progress of technology and changes in the mode of human life, which gives the appearance of approaching some essential singularity in the history of the race beyond which human affairs, as we know them, could not continue" -John von Neumann
      My emphasis on "as we know them", because changing the fundamental rules of the game has a pretty serious effect. And we only have a handful of crazy guesses about how it's going to go down.

      So. "Fill in the blank" you say? Sure, I'll give it a shot. Presuming that the trend of computers, networks, and robotics continue to automate away jobs the next big thing for humanity will be.... drum roll.... science, technology, and innovation in general. It will be expected that the current technological state of... everything... will continuously improve. Technological improvements like distributing textbooks as pdfs rather than dead wood. But also logistical improvements like, say, connecting prospective customers/investors/funders with people with ideas, ala kickstarter. Or the IP owners getting it through their head that fame is valuable and more important than the number of sold boxes. So yeah, the future will be doing thing better, and applying those new and better ways across the world.

    18. Re:Not this shit again by HiThere · · Score: 1

      Sorry, but there won't be any "knowledge worker" jobs for their kids. In fact, there won't be any "knowledge worker" jobs for many people now holding down those jobs in 5 years. The number of computers keeps increasing, but the amount of care and feeding they take is decreasing rapidly.

      Somebody earlier said that Cromebooks will obsolesce system operators. That's probably an exaggeration, but it will decrease the number that are required. Wait a couple of years and the jobs will start disappearing. But it's the next product, or the one after that, that will eliminate those jobs. Programmer/System Analyst will take a bit longer, because the jobs are currently less well defined. Expect them to be going (and not just overseas) within 10 years, though. Probably not totally gone for 20 years.

      For that matter, it may be easier to automate, say, programmer, than garbage collector. Recognizing what's garbage and what's not is a bit difficult, and probably requires not only a very flexible robot body, but training a neural net for a long period of time.

      We really should consider how to implement an AI with a strong moral sense. This, however, makes designing the AI in the first place a harder job, so it probably isn't going to happen, except by accident.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    19. Re:Not this shit again by NeutronCowboy · · Score: 1

      Did you miss the part where the Industrial Revolution created huge unrest that was finally quelled by acceding to the demands of the freshly minted labour unions, social philosophers and practical statesmen who were tired of constant revolutions by the terminally poor and exploited?

      We're on our way to another one. We can either try to learn from the past and ease the transition, or just say fuck it and see if we can reproduce a few Dickens and Hugo novels.

      --
      Those who can, do. Those who can't, sue.
    20. Re:Not this shit again by Issarlk · · Score: 1

      IT and service jobs --> Subsidised consumer (welfare)

      I'm sure the system would be happy to pay everybody monopoly money just to make it work forever. Why, you ask ? Because money in itself has no value. Stop it flowing and it becomes paper and soon enough people use a new currency in their exchanges ; leaving you ruined.

    21. Re:Not this shit again by Anonymous Coward · · Score: 0

      Serious question --

      Subsistence agriculture --> Organized agriculture --> Mechanized agriculture --> Industrial revolution --> Assembly-line factories --> Corporate paper pushing jobs --> IT and service jobs --> ?

      Fill in the blank. What will the millions of people who are not qualified for the handful of knowledge work jobs left do?

      That's an easy one - they will do subsistence agriculture. Or hunting/gathering. Or scavenging.

      Even when market doesn't need you, you still need yourself, so instead of offering your work to someone else, you spend it on yourself directly, working to make food, shelter and clothing. It is easier to do so if there is trash around ... that's why there is so many homeless people in cities - plenty of resources for survival, and they even manage to beg out something extra to buy substances for escape from reality.

    22. Re:Not this shit again by lars_stefan_axelsson · · Score: 1

      So, the guy didn't learn from the Industrial Revolution (and revolutions since) that all the fear of 'no more jobs for anyone' ended up being unfounded?

      The mechanisation of agriculture in Europe put something like 20% of the population out of work and gave rise to a huge emigration to the US. Many of you are refugees from that (or rather great grandsons/daughters of those refugees). In Sweden to take one example twenty percent of the population emigrated to the US! One in every five! This worked because there was room in the US for all those people. Last time I checked that's not true anymore, so that fix won't work a second time around.

      Sure in the sixties and early seventies there were some labour shortages with immigration of employees from (mainly) other parts of Europe, but not even close to those numbers.

      So yes. There became jobs available, but it took getting rid of 20% of the population to do it.

      --
      Stefan Axelsson
  33. ...And? by swan5566 · · Score: 1

    Gartner fails to include any sort of actionable response to this phenomena, or even any argument that anything can be done about it. Article seems half-baked.

    --
    In debates about Christianity, there are two groups: those looking for answers, and those looking to just ask questions.
    1. Re:...And? by Daemonik · · Score: 2

      This is what's called opening a public dialog because there's no magic solution.

    2. Re:...And? by swan5566 · · Score: 2

      Granted, but that doesn't prevent him from suggesting "non-magical" solutions. My guess is that he has some solutions in mind, but he would rather someone else propose and defend them rather than being the unpopular voice.

      --
      In debates about Christianity, there are two groups: those looking for answers, and those looking to just ask questions.
  34. Yeah, but ... by gstoddart · · Score: 4, Interesting

    Isn't "decline in the overall number of people required to do a job" precisely what assembly lines effect, even if some job categories as a result require fewer humans? We recently posted a contrary analysis arguing that the Luddites are wrong.

    So, skilled jobs require fewer people, manufacturing and unskilled jobs get off-shored.

    The end result is a big gaping hole in employment, and unless new industries come along, there's nothing else for these people to do.

    We're already seeing this, and if there is no new employment sectors, all that's left in your economy is part time jobs and other shit jobs. Unemployment numbers go down more because people give up looking than because jobs are getting created to offset those who get 'right sized'.

    Is this the direction you want your country to go in? Because this is where we're heading -- the shareholders are happy (for a while), but you no longer have anybody to buy your product (and then your sales slump and the shareholders are unhappy).

    Welcome to the future, where short-term shareholder value will destroy your economy in the long run.

    --
    Lost at C:>. Found at C.
    1. Re:Yeah, but ... by NoImNotNineVolt · · Score: 1

      No, even if new industries come along, there's still nothing else for these people to do.

      Why would you think new industries won't be subject to the same trend of automation that has been sweeping across all sectors of the economy?

      --
      Chuuch. Preach. Tabernacle.
  35. Luddite by Anonymous Coward · · Score: 1

    This is literally the definition of a Luddite. The original Luddites were skilled weavers who objected to the use of a new type of loom which allowed a few unskilled people to do the job of a larger number of skilled weavers. Sure, it put those people out of work, but it was still better for the economy as a whole.

    Let me make something clear: jobs are a *result* of the economy, not a cause. Anything that ultimately benefits the economy will result in new jobs, just not always in any obvious direct path. Often, those new jobs are in the entertainment sector. Anything that requires less human labor to produce a greater result will ultimately benefit the economy, and thus result in new jobs. It's unfortunate for the buggy whip manufacturers, but good for everyone else.

  36. Why does anyone listen to him? by h4rr4r · · Score: 1

    What exactly has this guy ever gotten right?
    Why does anyone report what he writes?

    1. Re:Why does anyone listen to him? by Anonymous Coward · · Score: 0

      As one of the billions of ACs out there (okay, there are only three of us, me, Sheepdog, and Foghorn Leghorn and both of them have clocked out), I had phasers set for full slaughter, was about to be out for blood, and then..

      you're correct. He's a fucking self-aggrandizing moron. If it does play out as he says it will, it's sure as well not due to his predictive skills.

  37. Make robots, not jobs by Garridan · · Score: 1

    Forget about making busywork for people. Make robots. Let humans make art, learn, explore, teach, heal... those things humans are good at. Let robots do repetitive tasks. Focus on making people happy and healthy. Leave boredom to the robots. The creation of robots is undergoing a serious democratization, and these utopian ideals have a chance -- if only billionaires profit from the robot uprising, the world will be a terrible place. If we all profit, we can do what we love.

    1. Re:Make robots, not jobs by Anonymous Coward · · Score: 0

      But whose robots are they? If you let the robots do all the work that people need to survive, and in many cases be entertained, then there won't be much work for humans. There won't be much need for humans, especially the excess without great creative talent. They will be mere consumers, leeches on society producing nothing of value except more humans. They will be competition for scarce resources. The owners of the robots will use the robots to eliminate the competition because that's the way sociopaths think. Utopia only works when sociopaths are kept in check (either kept out of power or having a higher power which they fear).

  38. Can basic income fix the problem? by Anonymous Coward · · Score: 0

    Give some money to every citizen (basic income) -- just enough to eat and live *outside* downtown areas. If you want to afford a gadget like an iPod, then you go flip some burgers for a while. If you want to live downtown or travel, then you work hard at school and learn a useful skill like digital technologies. Anyone protesting their living conditions will gather no sympathy.

    1. Re:Can basic income fix the problem? by Anonymous Coward · · Score: 0

      don't give out money, people will use it for non-necessities and still complain of living in poverty with their smart phones and cable tv.

      Make the essentials free for everyone....bread, milk, eggs, clothes, etc. If a rich guy wants wonder bread (ok poor brand choice) over the generic government brand he can pay for it. If a poor person wants anything not absolutely required to survive, then they can get a job.

  39. Stupid. by Anonymous Coward · · Score: 0

    Just as before, fewer people were required to do the work. Whether making autos, planes, trains, what ever and everything. There is no difference there. The difference that is real is that there today we lack innovation and the desire to create new items, new jobs. People are fixed in their mind sets that they are destined to go to college, get a degree in one field, do that job and that job only, and retire/die after that. The enterprising nature of Capitalism is dwindling, being replaced by the laziness and worthless attitude of Socialism. Why should any one work hard and take a chance at life when they might fail, when they can sit on their arses playing video games and drawing a government check? Generation X is really Generation zero.

  40. Chicken Little by sjbe · · Score: 4, Insightful

    Gartner says new technologies are decreasing jobs.

    If this were actually true we would have seen a steady increase in the number of unemployed people over time during the past 20 years. Instead we had near record low unemployment until around 2008 when we had a banking (not technology) related financial crisis. Since then unemployment has been slowly but steadily falling back towards what passes for steady state norms. While it is true that people are not employed at the same companies they used to be, technology takes away some jobs and adds others. It also makes people more effective at the jobs they do.

    But the "digital industrial revolution" is not following the same path. "What we're seeing is a decline in the overall number of people required to do a job,"

    That's the entire point. It means you can get more done with the same number of people. It's called increasing productivity. Rather than having a room full of accountants entering journal entries by hand on a paper ledger we have one accountant keeping the books in some software and everyone else does something more productive. Instead of using switchboard operators we use computers to route calls. There is ZERO evidence that digital technology is eliminating jobs without replacing them with others. The number of jobs hasn't fallen due to technology but the skillsets required to fill them has changed.

    Plummer points to a company like Kodak, which once employed 130,000, versus Instagram's 13.

    I'm not sure they could come up with a more ridiculous example. Instagram is an add on feature to already existing social networks for sharing pictures. Kodak actually made critical parts of picture taking equipment. If you want to compare Kodak to something modern, compare them with CCD sensor manufacturers and camera makers which I assure you employ far more than 13 people.

    1. Re:Chicken Little by Kjella · · Score: 2

      Since then unemployment has been slowly but steadily falling back towards what passes for steady state norms.

      Mainly because in the US "unemployed" is a rather narrow segment of those not working. In 2007 there were 7.0 million unemployed (4.6%) and 4.7 million outside the labor force who wanted a job, in 2013 there is now 11.3 million unemployed (7.3%) and 6.5 million outside the labor force who want a job. In other words apart from the demographic changes of a aging population about 1.8 million have left the labor force so they don't get counted towards the unemployment statistics. The employment-population ratio is still 58.6%, it's been at or over 61.5% through the entire 90s and 00s up to the crisis. Yes it's also not getting worse but it's a very, very weak recovery so far.

      --
      Live today, because you never know what tomorrow brings
    2. Re:Chicken Little by Anonymous Coward · · Score: 0

      Gartner says new technologies are decreasing jobs.

      If this were actually true we would have seen a steady increase in the number of unemployed people over time during the past 20 years. Instead we had near record low unemployment until around 2008 when we had a banking (not technology) related financial crisis. Since then unemployment has been slowly but steadily falling back towards what passes for steady state norms. While it is true that people are not employed at the same companies they used to be, technology takes away some jobs and adds others. It also makes people more effective at the jobs they do.

      Uh, you do realize that the usual reported unemployment numbers have everything to do wtih number of new claims filed only? And you know that for those who do managed to be employed treadmill there's no accounting for those who were former sysadmins and now delivering pizza? And you know that the *long term* unemployment rates as a percentage of the unemployed have done nothing but grown steadily - dangerously - higher since 2008? (i.e. Those who are unemployed are, on average, unemployed for *much* longer periods than just a few years ago.) And there seem to be no credible sources which are saying long term / permanent unemployment numbers are anything but bad or a crisis?

      That said, I was in agreement that this tech job shift is different but now that Gartner has come out and said it's a problem... I'm wondering how wrong I was.

      Thought not.

    3. Re:Chicken Little by NoImNotNineVolt · · Score: 1

      Rather than having a room full of accountants entering journal entries by hand on a paper ledger we have one accountant keeping the books in some software and everyone else does something more productive.

      There are those among us that would question the productive value of flipping burgers at McDonalds and greeting people as they enter Walmart.

      --
      Chuuch. Preach. Tabernacle.
    4. Re:Chicken Little by gallondr00nk · · Score: 4, Insightful

      If this were actually true we would have seen a steady increase in the number of unemployed people over time during the past 20 years. Instead we had near record low unemployment until around 2008 when we had a banking (not technology) related financial crisis.

      During the Clinton administration, the average annual increase in jobs created was over 2.5% per year. Since 2000, that figure dropped to 0% and 0.21% during GWB's two terms. Obama's first term was also 0.21%. Population growth has been outpacing job creation for a while now, and youth unemployment in the US is around 17% and still rising.

      Not only that, but Labour participation in the US has been steadily dropping since about 2000, from 67.5% to around 64%, with no signs of a reversal.

      Underemployment has also been gradually increasing prior to 2008, and standing at about 17% today. Consumer debt levels are still standing at over 80%, up from 45% in 1980, suggesting that the jobs that are available are not sufficiently well paid, and are not keeping up with the cost of living.

      These are not the indicators of a healthy labour market. Indeed, while unemployment is dropping slightly it is still roughly double pre 2008 levels, despite economic growth in the US.

      An interesting thing to note is that not everyone employed is being paid. Being in a training scheme doesn't count to the unemployment list, nor being in education. Here in the UK, it's suggested that falling unemployment is mainly the result of government social security programs dumping people into either training or no income self employment, massaging the figures. The US might well be similar.

      For me, the hypothesis that automation and technology are lowering job creation and wages is pretty sound.

      In western societies where our economic growth is based around consumption of goods and services, what are we going to use to fuel growth when employment and wages drop even further? Are we just going to discard the unemployed we already have?

      Its an economic and social time bomb.

    5. Re:Chicken Little by Anonymous Coward · · Score: 0

      youth unemployment in the US is around 17% and still rising.

      In my generation, teens and college students were expected to have summer and after-school jobs. Now, parents don't want their kids to have jobs and instead focus on educational or other developmental activities.

      Not only that, but Labour participation in the US has been steadily dropping since about 2000, from 67.5% to around 64%, with no signs of a reversal.

      Yes, the Baby Boomer generation has started retiring. The labor participation rate has been dropping as it was predicted to a few decades ago.

    6. Re:Chicken Little by nbritton · · Score: 1

      If this were actually true we would have seen a steady increase in the number of unemployed people over time during the past 20 years. Instead we had near record low unemployment until around 2008 when we had a banking (not technology) related financial crisis. Since then unemployment has been slowly but steadily falling back towards what passes for steady state norms.

      Unemployment will always hover in this range, what you need to look at is pay in relation to inflation. This presumably will show each individual (excluding outliers, such as senior executive) is getting less as less for the same unit of work.

      For example, lets say you came out of school ten years ago earning $30k/yr, and now you make $35k/yr. Well your actually making $3k less then when you started, as $30k/yr adjusted with ten years of inflation is $38k/yr.

    7. Re:Chicken Little by jxander · · Score: 1

      If this were actually true we would have seen a steady increase in the number of unemployed people over time during the past 20 years. Instead we had near record low unemployment until around 2008 when we had a banking (not technology) related financial crisis. Since then unemployment has been slowly but steadily falling back towards what passes for steady state norms. While it is true that people are not employed at the same companies they used to be, technology takes away some jobs and adds others. It also makes people more effective at the jobs they do.

      How much of this is actually an increase in jobs, and how much is a redefinition of what constitutes a job? Jobs that used to be 40 hours a week, have now become 2 or 3 jobs at 15-20 hours a week. I've seen a glut of meaningless "middle management" jobs created and given out by nepotistic upper managers to near worthless friends and family members. Also don't forget about the fairly large segment of people who have given up on unemployment (or perhaps unemployment has given up on them). Sure, you can say that we've 'created jobs,' and reduced unemployment... but really, we're just obfuscating the truth.

      And the truth is simple : the number of actual jobs is on the decline, while the number of people is climbing. We can keep plugging holes in that dam, but that will only make the eventual collapse worse.

      Where TFS fails though, is pinning technology as a major culprit. Sure it's a factor, but everything should get easier over time. Even if we were still using the original assembly lines to build Fords, with human hands on every step of the equation, we would certainly have streamlined the process over the last 100 years. It would be much quicker and easier, requiring fewer people. Meanwhile the population is ever increasing... technology and automation just brings the problem to the fore sooner, rather than later.

      So for now, we'll keep hiring Quality Assurance personnel to inspect the automated assembly line, and more inspectors to inspect the inspectors, and several managers for both groups, and secretaries for the managers, and a director or two, and again secretaries for the directors, and now we need a big IT contract to purchase desktops, laptops and blackberries (are those still a thing?) and an IT support crew ... all for basically 1 job.

      --
      This signature is false.
  41. Service Economies are the future by Ckwop · · Score: 5, Interesting

    On the Internet, people often moan about how Western countries "don't make anything any more." The idea being that our service economy is built on a house of cards and the only true economic generator is the making and selling of stuff.

    My view is that manufacturing is a bad choice of focus for our economies. The direction of travel is clear: it is very clearly a race to an ever descending race to the bottom which will end with completely automated factories. This race started with the industrial revolution and it will accelerate during our life times. The jobs are slowly but surely being eliminated and it might even have happened sooner if China hadn't been able to provide so much cheap labour. Those jobs are simply not safe in the long term.

    But even the Chinese are not safe. Eventually, they'll all be replaced by machines and when they are, it won't matter where those machines are located. The machines will re-locate closer to the consumers to shorten supply lines.

    The message is stark: any job that is repetitive risks being replaced by a robot.

    Perhaps the most interesting of these is automated driving. It promises to completely transform our world. It will transform logistics in much the same way as containerisation did to shipping. It will transform everything but just think of the number of jobs that will be eliminated!

    Then there are threats like 3D printers which threaten to completely remake the world as we know it.

    The only sensible way to weather the next 100 years is through developing products and service that can not be automated. These are things like law, software development, media etc. etc.

    Producing stuff is quickly becoming unprofitable. Service economies are our only hope.

    1. Re:Service Economies are the future by iggymanz · · Score: 1

      you speak of tools like 3D printers and automated factories, they turn concepts into reality. we'll just be needing humans more for ideas than muscle is all.

      software development can be mostly automated for most cases, softwares are solutions to problems that have been done again and again

    2. Re:Service Economies are the future by gstoddart · · Score: 1

      Producing stuff is quickly becoming unprofitable. Service economies are our only hope.

      Except countries have already decided that knowledge workers will be the magic cure-all.

      So making stuff is right out. Service economy jobs are shitty paying in general and there's only so many. If knowledge workers are going to go through the same thing, it's just a long term gutting of the economy in favor of providing corporations with 'efficiencies' -- at the expense of everyone else.

      The logical conclusion of globalization is "fuck you, I can get this poor bastard to do it for a nickle". Funny how it's never the management jobs which get cut or off-shored.

      it is very clearly a race to an ever descending race to the bottom

      That's pretty much how I expect it to play out.

      If the purpose of the economy is to enrich corporations and shareholders and leave everyone else to fend for themselves, it looks like it will be a resounding success.

      I just don't see that as being a good thing for anyone but the corporations and shareholders, because we'll all live as serfs under the corporations. Which should get us the unrest he's talking about pretty quickly.

      --
      Lost at C:>. Found at C.
    3. Re:Service Economies are the future by intermodal · · Score: 2

      The thing is, so many services these days are such pure bullshit that they are essentially unsustainable in the long-term.

      I hate to say it, but as a libertarian and staunch capitalist, I'm not seeing much hope for traditional economics in the automation age. It's not a digital age, it's not an "information age", it's an automation age. The only way an economy will be compatible with the extreme level of automation we are seeing today is through some sort of cooperative society ensuring the continued operation of and distribution of goods, services, and in some way ensuring that everyone does not simply abandon the infrastructure and somehow maintains/builds it.

      The more we automate, the more we have to abandon the idea of "full-time" work taking up a majority of our time (or even being tethered to a particular office), and if we wish to maintain some semblance of capitalism, we have to compensate at a livable level for less time spent working. By automatically treating every "full-time" job as a 40 hour a week job, we've artificially raised the amount of a person's time jobs actually take while at the same time automating the ever-living crap out of everything to where the job takes far less, and people just idle or work slower to fill the time.

      I could come in two times a week and get just as much done, probably more, at my present job were it not for the artificial expectation of a 40-hour week. When I started this job, it was probably a good 30 hour a week job, with 40 required. A little bit of automation here and there and I could get by with a good ten hours a week if it wouldn't rock the boat to do so. Why? Things are running smoothly, mostly automated now, with occasional and mostly routine tweaking here and there with a small handful of user support that could be 90% handled remotely with a quick phone call to wherever I happened to be.

      Is the job I do important to the company I work for? It's actually entirely vital. The company would crumble without it. But that doesn't make it a 40-hour job. It just means I sit at a desk for 40 hours wishing I were playing guitar, hiking, camping, or playing hockey while poking around the network trying to find something to theoretically make slightly more optimal, even though pretty much all our equipment is overkill and the optimizations make very little difference in any real sense. And the truly sick thing is, the automation in question could scale to a company ten or even a hundred times our size without needing to add more than one or two people in my role. If there were enough need for individual user support for even those additions. I seldom hear from the same user twice in a month.

      --
      In SOVIET RUSSIA... erm...NSA AMERICA, the Internet logs onto YOU!
    4. Re:Service Economies are the future by mjr167 · · Score: 1

      “I must study politics and war, that my sons may have the liberty to study mathematics and philosophy, natural history and naval architecture, in order to give their children a right to study painting, poetry, music, architecture, tapestry, and porcelain.” - John Adams

    5. Re:Service Economies are the future by NoImNotNineVolt · · Score: 1

      So, why exactly do you believe that things like law, software development, media, etc., can not be automated?

      A large portion of the service economy is being automated as we speak. Really, most service jobs where a person stands behind a counter and interacts with a computer or cash register are on the verge of being gone entirely.

      --
      Chuuch. Preach. Tabernacle.
    6. Re:Service Economies are the future by Belial6 · · Score: 1

      The thing is that we are rapidly approaching the time when it will be bad even for those who profit from the corporate economy. Once you get past a certain point in wealth, it starts making it worth it for the poor to kill the rich and take their wealth. Sure, the rich can hire security, but living in a world where they cannot travel freely and safely because someone might kill them for their shoes isn't a good world for them. They don't have to reduce their wealth to an equal level with the rest of us. If Mr. Wealth has 10x the assets as Mr. Poor and Mr. Poor has food and shelter, it is unlikely that Mr. poor is going to jeopardize what he has to kill Mr Wealth. If Mr. Wealth has 10000x the assets of Mr. Poor, Mr Poor might start thinking that "If I can get just one percent of Mr. Wealth's stuff, I won't every have to worry about money again. Even my children will never have to worry about money.

    7. Re:Service Economies are the future by Anonymous Coward · · Score: 0

      that's the thing - everything can be automated.

    8. Re:Service Economies are the future by Anonymous Coward · · Score: 0

      On the Internet, people often moan about how Western countries "don't make anything any more."

      You say that like it's a new idea or problem. History repeats itself. Plenty of people smarter than you or some random know-it-all on the internet have debated these issues since before you were born. Your post doesn't begin to cover the basis.

    9. Re:Service Economies are the future by Coop · · Score: 1

      Now, just like medical diagnosis, most law and software development can be automated too. Other things, like teaching, can be massively leveraged. Still other things, like minor video production, can be handled by the consumer herself.

      In the end we'll consume more services and less goods not because the services are so valuable, but because they're so cheap. People won't be able to get jobs making/distributing/selling goods, so they'll enter the service economy by default. For examples of this look at poor countries, where people making $10K/year can have a housekeeper/cook and a gardener.

      --
      "If you're not passionate about your operating system, you're married to the wrong one."
    10. Re:Service Economies are the future by HiThere · · Score: 1

      Well, law can't be automated because those who make the decisions don't want it to be automated.

      As for the others...I don't know. One of the most popular pop musicians (singers?) in Japan is/was a computer program. With a remarkable stage presence. She gives/gave "live" perfomances using a "hologram". (I doubt that it was a real hologram, but I don't know for sure.)

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    11. Re:Service Economies are the future by Anonymous Coward · · Score: 0

      The only sensible way to weather the next 100 years is through developing products and service that can not be automated. These are things like law, software development, media etc. etc.

      Producing stuff is quickly becoming unprofitable. Service economies are our only hope.

      Until they invent something like a true artificial intelligence that can replace humans entirely. Then what will you do? Will your service economies be such a brightly lit future then? I would think not.

      Considering that the employers of today are so eager to replace people who do repetitive jobs, I would imagine when true AI is made a reality, the jobs that can not be automated today will also share the same fate. (This time using a combination of the AI and robotics.)

      Personally I believe that this massive replacement is irresponsible. If we as a society wish to continue demanding money as a means to provide for our lives (both needs and desires), we need to realize that people need a way of acquiring money to do so. We must also hold accountable those who are irresponsible and jeopardize other people's well being by denying them the ability to provide for themselves.

    12. Re:Service Economies are the future by Culture20 · · Score: 1

      software development can be mostly automated for most cases, softwares are solutions to problems that have been done again and again

      But defining the problem accurately is usually more difficult than writing the program that solves it.

  42. Star Trek was prophecy by kawabago · · Score: 1

    Machines can take over production and distribution so the only thing left for humans to do is, better ourselves. The rise of free online educational material is a sign that this is in fact happening.

    1. Re:Star Trek was prophecy by iggymanz · · Score: 1

      they won't take over power and money grubbing human's role. your future looks very dismal

  43. cognitive dissonance by Anonymous Coward · · Score: 1

    I love how geeks get defensive when their own jobs are threatened but refer to the rest of the population as Luddites for worrying about theirs.

  44. Global Population goes up, jobs go down... by tekrat · · Score: 1, Interesting

    Even China will eventually replace a half billion workers with robots.

    When the global population is 10 billion, 7 billion of those people will have no job and either have to rely on handouts or they still starve (or start to eat each other).

    There will not be enough natural resources, and even if there were, all those resources would be retained by the upper echelons, essentially the top 5%.

    I predict a global version of the French Revolution, and there will be a lot of head chopping after the authorities have run out of bullets to control the mobs.

    --
    If telephones are outlawed, then only outlaws will have telephones.
    1. Re:Global Population goes up, jobs go down... by Anonymous Coward · · Score: 0

      MY GOD! They'd have to be employed doing things that don't directly support the human race.

      Like artists, scientists, politicians, game developers, stock brokers, chefs, waiters, strippers, teachers, marketers, psychologists, real-estate agents, accountants, managers, clerks, soldiers, diplomats, spies, pot dealers, confectioners, masseurs, priests, scholars, authors, editors, journalists, and... you know... other stuff.

      But, pft, even if they're doing such whimsical jobs that dont' actually go out and feed people, I guess there just won't be enough food to go around and we'll all starve... shucks.

    2. Re:Global Population goes up, jobs go down... by PRMan · · Score: 1

      I predict a global version of the French Revolution, and there will be a lot of head chopping after the authorities have run out of bullets to control the mobs.

      But have you seen how CHEAPLY they can make billions of bullets?

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
  45. Gartner??? by sribe · · Score: 5, Informative

    Who also predicted (in 2011) that Windows Phones would capture 20% of the mobile market in 2015??? Yep. In fact, they are the same outfit that predicted (in 2010) that Symbian would have 30% in 2014. So, I make it a rule not to get worked up about their predictions...

    1. Re:Gartner??? by Anonymous Coward · · Score: 0

      "Who also predicted (in 2011) that Windows Phones would capture 20% of the mobile market in 2015???"

      Hey, they've got 14 months to go. A meteorite could hit Apple, Samsung, RIM, and pretty much every other phone manufacturer on earth. After that, they could hit 20% easy.

    2. Re:Gartner??? by Anonymous Coward · · Score: 0

      Who also predicted (in 2011) that Windows Phones would capture 20% of the mobile market in 2015???

      Windows Phone is past or around 10% in several major EU markets and it's only 2013.

    3. Re:Gartner??? by HiThere · · Score: 1

      I only pay attention to their predictions if I already agree with them. If I do, I don't let the fact that Gartner has predicted it discourage me. A stopped clock is right twice a day (if it's not a digital clock).

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
  46. Everything old is new again... by H0p313ss · · Score: 1

    ... if you never studied history.

    I'm pretty sure we heard the same tripe at every phase of every innovation since the dawn of technology.

    Fortunately the revolution will not be televised.

    --
    XML is a known as a key material required to create SMD: Software of Mass Destruction
    1. Re:Everything old is new again... by Pinky's+Brain · · Score: 2

      Neo-Luddites are like Neo-Malthusians ... inevitably right in the end, wrong until they are.

      Consumption keeping pace with productivity is what has kept the luddites in the wrong for so long. I think the west has hit peak consumption though, for various reasons (part of which is that the Malthusians are also getting close to being right).

  47. This didn't happen in the past! by Anonymous Coward · · Score: 0

    This didn't happen in the past with the industrial revolution - that means it can't possibly happen in future beacuse... well it does... ok

    Well at least I have a job so I've got mine - who gives a fuck about you!

  48. Replace not amplify by EmperorOfCanada · · Score: 4, Interesting

    The key difference between this and previous technological revolutions is that many people will simply be replaced; whereas in previous revolutions the people's efforts were amplified. A great example would be farm technologies. A zillion years ago in the dawn of agriculture people used a stick to shove the earth around, which became an ox pulled plow, then a horse, then crappy tractors, and now huge combines. But at each point there was a person doing the plowing. But the final move will be a robot doing the plowing. In theory there will be someone to hit the plow with a hammer when it jambs but this will be a tiny number of people nationwide.

    The other critical factor is that the guy who runs the combine isn't that much more skilled than the guy with the stick (In that it wasn't years of education) which will be typical of the job killed by various forms of automation. This means that it is not so much that fewer people can do more it is that a greater percentage of the population will be unable to work productively in that a robot will be the better option. If you talk to many people who earned a good living over the last 60 years with little education you will find that they worked in very few industries, mining, farming, fishing, and manufacturing. All these are becoming more and more automated. Personally I am surprised that mining isn't completely automated underground in that by eliminating the human factor a mine should become really cheap if you don't have to worry about keeping humans alive. Plus many mines are in bizarrely remote areas meaning that you not only have to keep the miners alive underground but you then have to build whole communities above ground including expensive things such as hospitals.

    One thing that I worry about is not just this clear problem of the low skilled becoming generationally unemployed but that some cultures and governments are not biased toward solving this problem. Personally I think the solution will be a consumer focused socialism. My main worry is that some countries will punish the poor, reward the few extremely productive producers and end up in modern feudal system with freakish inequality becoming the norm.

    Other countries I believe are well culturally disposed at aggressively making sure that the maximum number of humans benefit from the near utopian bounty that could be provided by this revolution.

    1. Re:Replace not amplify by schlachter · · Score: 1

      this example is just dumb/wrong

      you went from 1,000 stick pokers to 100 plowers to 10 crappy tractor drivers to 1 combine driver to...OH MY GOD...0 robot plow drivers...and behave as though that last jump is somehow going to change everything.

      it's just a continuation of a trend.

      --
      My God can beat up your God. Just kidding...don't take offense. I know there's no God.
    2. Re:Replace not amplify by Anonymous Coward · · Score: 0

      well said. if the automobile manufacturing plant is to the industrial revolution as the data center is to the technological/internet age, there are some pretty stark differences and even some similiarities. borrowing for huxley to analogize here:

      in the past, gammas and episolons worked on the assembly line, insering a screw into the right hole at the right time in the manufacturing process. the epsiolons cleaned the toilets and served up your fast food (sorry if I've offended anyone). unskilled and without the faculties to provide more for many, they found solace in having a job and any income.

      gammas were the ones who worked on the equipment in the plant, keeping all of the robots operational. gammas might also qualify as those office workers who eared as much or more than their more technical counterparts, but becasue of what they provided to the 'administrative' aspect of a business. these citizens were more educated and demonstrated as being more capable to facilitate the needs of the business in a specialized capacity.

      then you had your betas who ran the company, made the decisions, and spent the money. they were the ones designing new technologies (or paying someone else to develop them). alphas run the world.

      so looking at today in a data center, you really don't need many (if any) gammas or epsilons to insert screws into the wrong hole 1/2 the time. you just need a few gammas who know enough about what is going on to fix this machine up or re-wire that box or re-route that traffic. if something gets out of control, you let an alpha or beta know and they rent another gamma, who is more adept in that respect, than you to take care of the problem.

      in the future, there is going to be an even smaller demand for these semi-skilled gammas. alphas and betas are doing everything they can to reduce cost, improve technology, and remove the 'middle-man' (syn. expenditure) that is the average gamma or epsilon. recall that even in capitolism we are all competing with one another.

      there are some very tallented and educated alphas/betas around today who know how to write the software and design the microelectronics, but in the future, when those technologies are so going to be improved in so far that we will find ourselves in the same place the auto industry is: overrun with automation that has removed the employee from the workplace which removes the check from the american household that should be re-investing that in the economy. now you have more money piling up in one bank account, wile some other guy who isn't stupid, but isn't needed, has to find a way to support himself and maybe others. customers want more and more control and so you need fewer specialized people to support them. anyone you do keep around suffers with lower wages and poor (if any) health care coverage until they either find another job where there skills are needed or get laid off.

      i read of slashdotters in this thread appealing to what the future may hold in so far that the markets are just adjusting and things will level off, but that seems to be far from the truth, which is that there will be a very competitive demand for highly skilled work that few people will have the faculties with which to procure those skills, and a surplus of epsiolons, gammas, and even betas and alphas by extension. we are feverishly chasing our own tail, eager to bite it off to satisfy our hunger.

      instead of needing a room full of accountants to keep the books for a big business, one only need a few with some very carefully programmed software. they might not even need to be literate in tax law to enter the numbers off an earnings report sheet into a cell on a spreadsheet. instead of having a staff of customer service representatives, airlines now allow passengers to check in digitally. grocery stores now have self-check stands. this type of behavior is becoming more comopolitan now, where the individual is becoming increasingly more responsible for providing some of the work required to get the product in their hands. in p

    3. Re:Replace not amplify by PRMan · · Score: 1

      1000 stick pokers = 1000 stick pokers

      100 plowers = 100 plowers + woodworkers + blacksmiths + leather workers

      10 tractor drivers = 10 drivers + oil companies + steel companies + machiners + auto parts, etc.

      1 robot = the above plus 20 programmers, etc.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    4. Re:Replace not amplify by EmperorOfCanada · · Score: 1

      But each time there was a reduction in one area those people went on to other super productive jobs. So you would leave the farm but now you drove a truck (replacing many horse and buggy drivers) and that truck held the huge gains from the farm. But this time around the guy who gets the boot from the farm will find that the truck is driverless as well. The math is that instead of people moving into different professions that might have evolved from the increase in productivity that this time their last job is gone but so is the theoretical one that they would have gone to.

    5. Re:Replace not amplify by Anonymous Coward · · Score: 0

      A zillion years ago in the dawn of agriculture people used a stick to shove the earth around, which became an ox pulled plow, then a horse, then crappy tractors, and now huge combines. But at each point there was a person doing the plowing.

      At what point was the person in the combine doing the plowing?

  49. Spoons by BetaDays · · Score: 1

    http://quoteinvestigator.com/2011/10/10/spoons-shovels/

    At one of our dinners, Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: “You don’t understand. This is a jobs program.” To which Milton replied: “Oh, I thought you were trying to build a canal. If it’s jobs you want, then you should give these workers spoons, not shovels.”

    --
    Paul: Father... father, the sleeper has awakened! - Dune
  50. Give me a break... by theshowmecanuck · · Score: 3, Insightful

    So you are assuming the only costs Walmart has are from store labour? You know there are other aspects of the business don't you? Like rent, utilities, management, and that is just at store level. Then there is how many thousands they have to pay at head office in Arkansas. Then there are things like warehouses and distribution costs, and the cost of the goods they buy from CHINA. And I am sure there is a lot of other stuff that I am missing. Use your freakin' head, labour doesn't come out of profit, profit comes after ALL those other things, including labour, are taken into account against income earned.

    Look, I have nothing against the argument that if you have no skills and never tried to get any (including dropping out of school), you shouldn't complain too much about low wages. On the other hand, if you never were given or never had the opportunity because of circumstances, well then I have some sympathy... not everyone's life is easy. But please don't shoot shit like that out your ass and ask us to believe it reflects reality.

    --
    -- I ignore anonymous replies to my comments and postings.
    1. Re:Give me a break... by Anonymous Coward · · Score: 0

      So you are assuming the only costs Walmart has are from store labour? You know there are other aspects of the business don't you? Like rent, utilities, management, and that is just at store level. Then there is how many thousands they have to pay at head office in Arkansas. Then there are things like warehouses and distribution costs, and the cost of the goods they buy from CHINA. And I am sure there is a lot of other stuff that I am missing. Use your freakin' head, labour doesn't come out of profit, profit comes after ALL those other things, including labour, are taken into account against income earned.

      Look, I have nothing against the argument that if you have no skills and never tried to get any (including dropping out of school), you shouldn't complain too much about low wages. On the other hand, if you never were given or never had the opportunity because of circumstances, well then I have some sympathy... not everyone's life is easy. But please don't shoot shit like that out your ass and ask us to believe it reflects reality.

      I don't think that the only costs Walmart has are from store labour.

      However, it is a general business rule that labour is one of the primary costs of running a business.

      Conversely, the cost of what you BUY is not, unless you aren't selling it at a profit (after costs). Pocketing the difference between buy-and-sell is what retail is all about.

  51. digital revolution great every place I've worked by iggymanz · · Score: 2

    The digital revolution has created jobs, including mine. Most places I've worked 20% of the workforce had jobs directly due to digital revolution. crank up the digital revolution to 11, we need more jobs. information is just like any other resource, creating it can create wealth, processing it can add value to that wealth, and it can be traded and sold at a profit.

  52. This should be a good thing by AdamHaun · · Score: 4, Insightful

    Reducing the amount of work it takes to keep the human race alive, fed, and housed should be unambiguously good. The reason it's not is because we've structured our society around the idea that all adults must be employed in full-time jobs (or be married to someone who is) to qualify for a decent life. We have this idea, particularly in America, that (employment) work is a virtue in and of itself. Unemployed people are shamed and villainized.

    If we all lived on isolated family farms, it would be obvious that reducing the total workload is better for everyone -- less work = more free time. But instead, we live in a complex, interconnected industrial society. It's going to take a lot of large cultural changes before we can handle the idea that some people might not work at all, or only work a few hours a week. For perspective, we still don't have a consensus on whether something as difficult and time-consuming as being a stay-at-home mom counts as a job.

    --
    Visit the
    1. Re:This should be a good thing by Kjella · · Score: 1

      I hardly think it's a bad thing that people expect you to take part in the effort to take part in the spoils. Imagine you had a farmer who did all the work of plowing the field, sowing seeds, clearing weeds, fertilizing, harvesting, grinding to flour and baking the bread then along comes this guy and says I'm hungry, feed me. Maybe you're a good farmer that work long and hard and actually have more bread than you need, but I'd still tell you to pick up a shovel and help out if you want any. Then it's all tractors and machinery so the guy says he doesn't know how to use one, well you still say then learn and help out. Then it's semi-autonomous agriculture drones so the guy says he doesn't know how to maintain one, well you still say then learn and help out. Or do any other work you have.

      With no offense to my current employer which is quite nice, all other things being equal I'd rather not work and have all week free to pursue whatever interests I feel like. I'm sure even the people who don't live for the paycheck could come up with an equally or even more interesting job if the paycheck was guaranteed anyway. So what's really to say that the people who pretend they can't do a job can't actually do a job? I can seem pretty damn inept if I try, it rewards more good acting than honesty. The less people who work, the more I'd demand getting paid for being one of those that do. Unfair? Well it's not my fault you can't do my job, if you want it then train for it and take it. I'd lose the job but I'd also get all the freedoms of not working.

      --
      Live today, because you never know what tomorrow brings
    2. Re:This should be a good thing by AdamHaun · · Score: 1

      I hardly think it's a bad thing that people expect you to take part in the effort to take part in the spoils. Imagine you had a farmer who did all the work of plowing the field, sowing seeds, clearing weeds, fertilizing, harvesting, grinding to flour and baking the bread then along comes this guy and says I'm hungry, feed me.

      I didn't say (or mean) that expecting people to contribute something is bad, especially not today. But who contributes and what counts as a real contribution are fairly arbitrary. Children in industrialized societies are usually not expected to contribute to their household income today, even though it was the norm for millennia. Likewise, opinions vary wildly over whether being a stay-at-home parent counts as a "job", and often depend on unrelated things like the race and marital status of the mother. Even normal types of wage labor have been/are thought to be unsuitable for various groups of people. (Women can't be doctors! etc.)

      In a scarcity-driven society, your example makes sense:

      Imagine you had a farmer who did all the work of plowing the field, sowing seeds, clearing weeds, fertilizing, harvesting, grinding to flour and baking the bread then along comes this guy and says I'm hungry, feed me. Maybe you're a good farmer that work long and hard and actually have more bread than you need, but I'd still tell you to pick up a shovel and help out if you want any. Then it's all tractors and machinery so the guy says he doesn't know how to use one, well you still say then learn and help out. Then it's semi-autonomous agriculture drones so the guy says he doesn't know how to maintain one, well you still say then learn and help out. Or do any other work you have.

      But the direction it goes in is one where less and less work is required. It takes a lot of people to manually run an entire farm. What if it just doesn't take as many to maintain the drones? Do we shrink the population until there's ~1 person per available job? Or do we do something else, like rotate the work? Imagine only having to work for, say, five years before retirement. Or maybe some people would volunteer to maintain the drones because they find it fulfilling, or maybe drone maintenance comes with extra prestige or privileges beyond a basic standard of living. Or we could wildly expand our definition of what counts as work, so that people writing fanfiction or playing in garage bands are seen as contributing something worthwhile to society. You get the idea.

      --
      Visit the
    3. Re:This should be a good thing by Anonymous Coward · · Score: 0

      We have this idea, particularly in America, that (employment) work is a virtue in and of itself. Unemployed people are shamed and villainized.

      Not if they are rich and live of rents, dividends, interests, etc. Perhaps there lies solution - make a huge private charity fund which uses income from capital to support living for everyone. Then, whoever wants more, wants to show one's worth, can work for a wage, but then this wage can also be much lower then now, because everyone knows that the employee is already taken care of and the wage is simply a reward, gratitude for work, not means of existence. There'll be people working without pay, just out of fan zeal, helping out their favorite brand achieve higher regard from consumers. Businesses would be like competitive sports.

    4. Re:This should be a good thing by Anonymous Coward · · Score: 0

      Reducing the amount of work it takes to keep the human race alive, fed, and housed should be unambiguously good.

      Actually, what we have found is that this may be the WORST thing to ever happen to humanity. By bio engineering we have taken necessary nutrients out of crops, and reduced crops from 30 variations to 1 or 2. We have increased the use of fertilizer and pesticides (Round up alone is used in the 800 million pounds a year category) which have destroyed ecosystems. CAFCO (Combined Animal Feeding) has taken animals and put the into cages and pens and then force fed them antibiotics, hormones, and non-standard food (such as grains for cows - who naturally eat grasses). All of this is now ingested into humans.

      Do you think the above are GOOD things???

  53. Why is Wal-Mart always the bad guy? by jsrjsr · · Score: 1

    When the Wal-Mart opened near my home, many of my friends who were working elsewhere jumped over to Wal-Mart. Obviously they thought Wal-Mart a better place to work.

    1. Re:Why is Wal-Mart always the bad guy? by Anonymous Coward · · Score: 0

      When the Wal-Mart opened near my home, many of my friends who were working elsewhere jumped over to Wal-Mart. Obviously they thought Wal-Mart a better place to work.

      Yes, it's better than working for a closed company. How many of those places your friends used to work are still employers?

    2. Re:Why is Wal-Mart always the bad guy? by aminorex · · Score: 1

      Complaining about improved economic efficiency is characteristic of disgruntled rent seekers.
      Fact is, there are more workers than jobs, and we as a society have to figure out how to keep them happy, because otherwise it is kill or be killed.

      --
      -I like my women like I like my tea: green-
    3. Re:Why is Wal-Mart always the bad guy? by jsrjsr · · Score: 1

      All but one. That one was a Shopko and is now a Hobby Lobby. There are also a number of new stores in the area.

  54. Innovation DOES Destroy Jobs by tunabomber · · Score: 1

    ...but it also spurs further consumerism which creates jobs that should (in theory) replace those that were lost.

    However, there are still two losers when this happens:

    1. unskilled or moderately-skilled workers

            The new jobs created require more education and specialized skills than the ones that were eliminated. This is resulting in a wealth gap, which will further exacerbate things by reducing the size of the consumer class that creates those jobs in the first place.

    2. the environment

            Oftentimes, efficiency gains come at the cost of increased energy requirements. Consumerism brought on by technological advances is almost always centered on goods rather than services, which increases overall demand for natural resources. Say what you will about the out-of-control health care spending in the U.S., but it is an exception to this trend in that it is service-centered consumerism.

    --

    pi = 3.141592653589793helpimtrappedinauniversefactory71 ...
    1. Re:Innovation DOES Destroy Jobs by NoImNotNineVolt · · Score: 1

      You're overlooking the fact that the jobs that are created can be automated too, so they don't really help with employment.

      That's the thing with automation. It kills jobs. Not just some jobs, creating others. All jobs, eventually.

      --
      Chuuch. Preach. Tabernacle.
  55. That's not what you said by Daetrin · · Score: 1

    "We recently posted a contrary analysis arguing that the Luddites are wrong."

    No, you said "The Luddites Are Almost Always Wrong", and then in the blurb you said, "Mike Masnick of Techdirt argues that we can all put down our wooden shoes and take a chill pill: technology 'rarely destroys jobs.'"

    "This has never happened in the past, therefore it won't happen in the future" is a poor argument to begin with. (After all, i've never died in the past, therefore i shall live forever!) However saying "this rarely happened in the past, therefore we don't need to worry about it in the future" is an even worse argument.

    Just to throw in a random car analogy, there are certainly intersections on smaller roads where you could say "crossing the road without looking both ways first is almost always safe." The fact that 99 out of 100 times it's perfectly safe won't help you much the 100th time you cross the street without looking and get creamed by an oncoming car.

    --
    This Space Intentionally Left Blank
  56. Gartner by minstrelmike · · Score: 5, Informative

    Why does anybody on slashdot care what Gartner says?
    They are the National Enquirer of IT, mainly trying to sell useless advice to people who cannot think for themselves.

    Newflash: Motor vehicles put buggy whip manufacturers out of business. And they also created a huge number of jobs in drilling for oil, refining gasoline, building roads and they even require mechanics.
    Maybe we won't need store clerks any more but we will need somebody doing something new and unanticipated at this time. Gartner Group can never sell that to its customers (which is completely different from saying they don't understand the future). It's easier to sell fear than hope mostly because fearful people will buy anything that looks like a solution whereas hopeful people aren't in the market for solutions. (Be very clear about what sorts of folks Obama was selling his Hope message to in 2008).

    IBM still makes mainframes. No matter how many tablets and smartphones are sold, Dell or Lenovo or somebody will still be able to make money selling laptops. Oh, and I can still buy both buggies and buggy whips at my local equestrian store, both of them made lovingly by hand.

  57. This *shouldn't* be a scary thing... by Anonymous Coward · · Score: 1

    So it's anyone's guess as to whether increasing efficiency will lead to lower jobs or else humanity as a whole will have some ambition to leverage the productive capacity of society enabled by increasing efficiency.

    For the sake of argument, let's say our productivity at avg 40 hrs/wk has or will soon sate humanity's ambition and we start having more people than work to do. In a rational world, this should lead to good things. If he have twice as much productive capacity as we have use for at that rate, the average work week should shrink to 20 hrs/wk and relative buying power should remain constant. I think if you posited a world where everyone was employeed and retained the same buying power as they have today except half the work hours, no one would find that a bad deal.

    There needs to be less fixation on finding *some* way to make everyone do about 40 hrs/wk of work and more thought around how to enable such a transition. Notably, a lot of magical things happen for a 'full time' employee from a legal perspective, and really the difference between full and part time should be equalized one way or another. One key element is that it should be forbidden for employers to provide insurance coverage. Ideally a socialized system where healthcare is between an individual and the government would be in place. I could also see regulating things such that the same benefits conferred to corporations are available to individuals so that private industry is workable without unfair tethering to a current employer.

  58. kodak vs instagram? by shadowrat · · Score: 2

    That comparison isn't even tenuous. Instagram hasn't taken over for Kodak with 13 people. Kodak created products. Instagram simply leverages other companies products to provide a service. Instagram is more like one of those photo-mats that existed in parking lots in the 70's. The photo-mat employed a handful of minimum wage people to work with kodak's products. Those photo-mats also all went belly up long before even digital cameras started to come around.

    Compared to the photo-mat, Instagram employs a handful of significantly better paid people to work with apple and googles products. The apples and the googles are a better comparison to Kodak. Last time i checked, apple and google employed a fair number of people.

    AFAIK, in Kodak's heyday, there were 13 unemployed instagram people waiting for the digital revolution.

  59. oh, please by Black+Parrot · · Score: 1

    The analyst believes social unrest movements, similar to Occupy Wall Street, will emerge again by 2014 as the job creation problem deepens

    The "Occupy" movement was about the fact that the country has been increasingly run for the benefit of the ultra-rich for the last few decades, and has reached the point of ridiculosity.

    The primary problem with jobs in the USA is that manufacturing businesses have converted themselves into middle-men who vend stuff that is made overseas.

    --
    Sheesh, evil *and* a jerk. -- Jade
  60. Re:But Jobs by durrr · · Score: 1

    Guess the digital revolution have been here for a while already then.

  61. The fundamentals are changing by m6ack · · Score: 1

    The basic problem I see is that the fundamentals of business AND of societal expectations upon business are changing, and we must adapt to that change.

    Thing #1 - Yes, we are now on the verge of comoditizing the tools for the production of goods and for the automation of that process as well. Think of 3-D printing, of web frameworks, of robotics, of the commoditization that open source brings us -- these are making and will make a small team capable of doing great things with little investment and quickly.

    Thing #2 - Government intrusion into the healthcare system is pushing hard on companies to be ultralean and is also forcing the majority of the workforce that is not part of the core into a 29 hour work week -- both of these are caused by ultra-lean companies need to avoid having to "deal with" the government mandated healthcare system.

    So... this will be the new structure... and we have to be ready for it. The requirements for working in an ultra-lean company in the US are going to be much different than working in a traditional company... It is going to require higher education, more technical higher education, and multi-disciplinary people. It is also going to require programmming skills for every single member of the core (non-temp) team.

    But, if you think about it a moment... instead of dwelling on the chance of the unrest of an "unprepared" society -- if society prepares itself and embraces the change... this is such an exciting a time in history. Never in the history of the world has there been more opportunity to be successful and for so few to touch so many lives. People are empowered as never before to produce an individual contribution to society. There is more to the world than brick and morter, and more freedom accessible than ever before for those willing to sieze on the opportunities at hand.

    Let's teach our generation to cast off the old unproductive model and embrace the new and more fullfilling model of the future.

    1. Re:The fundamentals are changing by Pinky's+Brain · · Score: 1

      If the consumer class disappears there will be pretty much no one for those ultra-lean companies to sell to (the rich only need a fraction of the population to serve their whims).

  62. Increasing costs = decreasing by sjbe · · Score: 4, Informative

    Why can't companies pay better wages?

    You need to differentiate between those who cannot pay more and those who will not pay more due to the greed of the owners. Many companies such as mine are in price sensitive industries and paying significantly higher wages results in the company's products becoming uncompetitive. My company manufactures wire harness products and our competition is often in places like China or Mexico with much lower wages or are much larger companies who are able to automate to save money. We simply cannot pay more than we do and remain in business.

    Wal-Mart increasing their wages to $12/hr. would increase their average item price by 1.1%

    Let's presume for a moment that your numbers are accurate. What you are forgetting is the the loss of sales from that 1.1% increase in item price. Walmart has built their entire business on being the low price leader but their lead is not very big. Walmart's net profit margin is about 3.5% so there isn't a huge amount of room to increase costs. They only keep their price leadership by a ruthless focus on keeping costs low. An increase in prices of 1.1% would result in a significant loss of sales. How big? A little hard to say without some pretty serious analysis but it could *easily* be more than 1.1%.

    I don't actually have a disagreement that Walmart should pay their employees better if they are able to do so but it is not nearly as simple as you make it sound. There are more stakeholders in the company than just the employees and there are serious consequences to across the board pay increases.

    1. Re:Increasing costs = decreasing by sjames · · Score: 1

      Simple solution, make $12 the minimum wage so their competition has to deal with the same issues.

      But for some reason, Walmart lobbies against that perfectly fair solution.

    2. Re:Increasing costs = decreasing by HiThere · · Score: 1

      WalMart shouldn't stay in business. It only stays in business by violating labor laws wholesale in principle, if not in fine technicality.

      If you fire someone every 6 months to avoid having to actually hire someone, you are firing without just cause (particularly since you just immediately hire someone else that you fired a month ago). This either actually is, or should be, illegal under the proper interpretation of the laws. (This might be a legal bug. I'm not a lawyer.) To do this to avoid having to give benefits is just cause for terminating the right of a company to do business.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    3. Re:Increasing costs = decreasing by Anonymous Coward · · Score: 0

      My company manufactures wire harness products and our competition is often in places like China or Mexico with much lower wages or are much larger companies who are able to automate to save money

      The founders of this country knew exactly how to deal with that first problem. In fact, it was one of the first thing they did after forming our current government. It's called tariffs. Simple--something costs you $5 to make and it costs the Chinese $1 to make, there will be a $4 tariff when they try to import things into the country. Easy. It takes care of wage disparities while still giving people a choice of which product they'd like to buy. Not having to worry about slave wage labor would give your company sufficient reserves to address that second problem as well.

      This was how the US economy operated from its founding until the early 1980s when Ronald Reagan and his cronies started in with the lies of free trade and instituted the mechanisms which are now destroying the US economy. He wasn't the only one of course, every president after him regardless of party has made this worse. Actually, Carter kind of started it a little bit, but he didn't have time to get things going. You thought he was a liberal commie, didn't you? You also probably thought you were making choices in elections.

      This transfer of wealth from the poor to the rich, along with stagnant social mobility and an inability for regular people to effectively start businesses is a deliberate, engineered plan and everything else is just a distraction. Ask yourself this: why do multinational corporations, which have high medical care costs in the US but not in ANY other developed country because they all have some form of national health care, spend so much time opposing the Affordable Care Act. It really is deeply flawed in that it leaves for profit primary insurers in business, but even as it is it could lower their costs. They actively lobby against something that will cause them to spend more money. Why? They must think they're getting something for that money--and they are. They're getting less worker mobility and less wage inflation because tying insurance to employment is another method of control.

      We seriously need to roll back conservative economics in this country before the damage is too severe to reverse.

    4. Re:Increasing costs = decreasing by 0123456 · · Score: 1

      The founders of this country knew exactly how to deal with that first problem. In fact, it was one of the first thing they did after forming our current government. It's called tariffs. Simple--something costs you $5 to make and it costs the Chinese $1 to make, there will be a $4 tariff when they try to import things into the country.

      So poor people will be better off if everything they buy suddenly costs more?

      You don't really think that, if companies had to start manufacturing in America instead of China, they'd be hiring humans to do that work, do you?

      High-paid manufacturing jobs are gone, and they ain't coming back. Socialists just hate that because their entire philosophy is based around industrial manufacturing, and has no appeal in a future where people aren't working interchangeably on a production line.

  63. The Unabomber by scrabbleship · · Score: 1
    Surprisingly, the unabomber had something to say along about this problem 20-odd years ago:

    if the use of a new item of technology is INITIALLY optional, it does not necessarily REMAIN optional, because the new technology tends to change society in such a way that it becomes difficult or impossible for an individual to function without using that technology. This applies also to the technology of human behavior. In a world in which most children are put through a program to make them enthusiastic about studying, a parent will almost be forced to put his kid through such a program, because if he does not, then the kid will grow up to be, comparatively speaking, an ignoramus and therefore unemployable.

  64. Alternative by Anonymous Coward · · Score: 0

    The only sensible way to weather the next 100 years is through developing products and service that can not be automated. These are things like law, software development, media etc. etc.

    ...or...like...share the wealth and redistribute the goods? I'm not kidding, it's the only option to maintain some sort of equality between the haves and have-nots in a world where everything is automated. I don't believe you can sate the jobhunger of 7 billion people with innovation-gigs.

  65. it's not 1943. by mckwant · · Score: 2

    We're not talking about an evolutionary change in industrial production. Yes, buggy whip makers were going to go out of business. Fine, so those guys have to find different jobs. I hear the car factory's hiring. A little retraining, maybe a year of school / vo-tech, and he (no women in the workplace) would be back in a middle class job.

    That's not the case here. The destruction part of your argument remains valid. Do we need lawyers to draft, say, formative corporate documents? Never did, frankly, but now that you can do it for $50 online, that's pulling $200 out of a lawyer's pocket. Better? More efficient? Sure. No chance we'll ever go back.

    Now, take the case of a lawyer. If the online thing happens enough times, they're out of work. Now what? Law schools have produced more lawyers than available positions for years, so there's somebody younger and cheaper right behind them, even ignoring globalization. Retrain? For what? Most professional degrees and certifications are in the same boat. Unless they were just short of getting their Master's in (something where hiring is actually occurring), they're not much better off than a high school graduate.

    If the lawyer is 50, they could easily have 15 working years left, and 15 more in semi- or full retirement. Never mind replacement income. It is entirely possible that they will never see a paycheck again. Economic multipliers, opportunity cost, and all that.

    That's what we're up against.

    --
    ceci n'est pas un sig.
    1. Re:it's not 1943. by bmajik · · Score: 2

      Again, I don't think this is fundamentally new. The rate of innovation (and thus stagnancy) is perhaps faster than at other times -- but is that even true? And the ingress into "white collar" jobs might be higher than at other times --- but is that true also?

      The assumptions that a lawyer makes about his career (long career, monotonically increasing salary, retire at age blah) may become invalid. But those assumptions have always been assumptions, and situational. Sports players can't use those assumptions, so they do things differently.

      As people continue to live longer, and as technology innovation continues to accelerate, perhaps old assumptions are simply at odds -- that the idea of having a lifelong career specialization will become untenable.

      I don't think this is necessarily problematic.

      I know for a fact that, personally, in the time since I left university I haven't necessarily become more specialized in _technical_ matters, but I have become much more effective at soft skills, business skills, etc. IOW, if I had to change careers _right now_, away from software engineering and into something like being a hotel receptionist, I'd bring a lot more to the table than someone out of highschool (apart from energy and attractiveness, which in some fields count for a lot :)). That's not to say I wouldn't take a huge pay cut -- but it wouldn't be a "start at zero" again event.

      To presume otherwise suggests that we get nothing out of the experience of our lives, both working and non-working -- which I think is demonstrably false.

      --
      My opinions are my own, and do not necessarily represent those of my employer.
    2. Re:it's not 1943. by mckwant · · Score: 1

      On a personal level, I concur completely. Grow or expire, accept personal responsibility for your situation, and CYA as appropriate. Why do we fall, Alfred?

      On a societal level, I doubt most people are prepared for it. There are going to be a lot of issues with the long-term un- and under-employed, especially among those nearing retirement. Even should the lost middle-class jobs come back, they're not going to be at the same financial level, and a sinking tide lowers all boats.

      Notably, G5s aren't boats. That doesn't help.

      --
      ceci n'est pas un sig.
    3. Re:it's not 1943. by Anonymous Coward · · Score: 0

      Do we need lawyers to draft, say, formative corporate documents?

      My sister makes a very nice living doing pretty much that. She though 'ooh I will be like perry mason'. It is more like filling out boring form after boring form. This is what many lawyers do. They fill out forms for you then charge you 50-150 an hour to do it.

    4. Re:it's not 1943. by PRMan · · Score: 1

      This is true. I have 2 lawyer friends my age and both are now staying home with the children and taking small jobs on the side. Even at their highest, they made half what I made as a software engineer/architect. And law schools keep churning out lawyers at amazing rates, to the point where soon they'll be making nearly minimum wage.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    5. Re:it's not 1943. by PRMan · · Score: 1

      One of the lawyers staying home with the kids is male, BTW, if that matters. But since we are talking about history, I think it does.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    6. Re:it's not 1943. by Petfish · · Score: 1

      The problem with this is that your application is among 100 others, 50 of which are from people with experience in hotel reception. Your willingness to take a pay cut notwithstanding, the employers are never going to even look at your resume.

  66. Dangers of a post-scarcity world by quietwalker · · Score: 4, Interesting

    I posted about this before in another thread, but the scenario at some future time is something like this;

    Robots, Automation, brute optimization from data analysis, etc will result in less jobs available for unskilled laborers and many skilled blue collar workers. At some unknown time, it's possible that even skilled white collar workers could be pushed out.

    The interesting thing - and we may already be seeing it - is this; Unemployment goes up, but there's no scarcity of product or labor in response.

    At this point, there's a subtle disassociation between work done and money. In fact, money as a whole will become less useful, especially as some segment of the population that steadily grows larger over time has no way to generate any. Long term, this could be a very good thing - think Star Trek and a moneyless society where people more or less live a vacation lifestyle.

    Short term however, we're going to have a period of serious strife, with haves and have-nots extremely separated, where money is still needed to buy food, make rent, and obtain material goods. How are we going to reach that tipping point into utopia when we have to first get through 20%, 40% or more unemployment - but we still rely on money? I don't even know if it's possible to get through that phase without some sort of civil war or revolution first that sets up all back to zero.

    Even if we do get through it, what happens when that discrepancy still exists elsewhere in the world? Some nation is going to get there first, even if it's only by hours, but the whole world won't suddenly switch on at once. If we achieve post-scarcity by forcing third world nations to bear the burden, how long will that really last?

    Personally, I think that we'll come up with some other metric to judge individuals long before money and majority unemployment are real issues. We just can't stand to not place metrics of value on individuals. I also think that none of this will happen in my lifetime, so really, this is just a thought experiment.

    In 300 years though, who's to say?

    1. Re:Dangers of a post-scarcity world by Sir_Eptishous · · Score: 1

      Once unemployment reaches 20% or more(in the U.S. anyway...) there would be massive unrest. Essentially, to "keep the lights on" for the other 80%(most of whom will be hanging on by their fingernails) Martial Law will be implemented, and the surveillance state will come "out of the closet" and integrated tightly into American society. A scenario like that would be analogous to the sea change that took place after 9-11, though much worse. Through robotics and the omniscient surveillance state control will be implemented.

      Once technology puts enough people out of work it will enable the creation of a true police state in the U.S. That is the only way something like this will be dealt with. Does anyone really think Congress, etc will be able to function and get things done, for their constituents, in a high stress situation like that? It would be just like when Bush II took the reins after 9-11.

      What will happen to the millions out of work who would still need money to survive? Yes, they would still need money, because as much as I love the idea of the "post scarcity" world(what bullshit...) those who control the needed goods and services to survive will never give that up. What will happen is a massive social control system will be implemented to house and feed and CONTROL the ever increasing numbers of unemployed and homeless. How else is this going to play out?

      --
      We play the game with the bravery of being out of range
  67. company want people who can hit the ground running by Joe_Dragon · · Score: 1

    company want people who can hit the ground running but they want for areas that you need to learn on the job or maybe at the tech / trade school. But HR some times passes over the trades / learn on the job people.

  68. Seems similar to the "Broken Window" fallacy by Anonymous Coward · · Score: 0

    I see a good analogy with of the "Broken Window" fallacy:

    Breaking a window might, on the surface, appear to benefit the overall economy -- because of the increased spending that it generates. But, of course, there are more productive ways to spend that money, and those who fall for the fallacy forget to take that into account.

    Refusing to adopt technological advances might, on the surface, appear to benefit the overall economy -- because it may help prevent unemployment in the short term. But, of course, there are more productive ways for those employees to contribute their labor, and those who fall for the fallacy forget to take that into account.

    1. Re:Seems similar to the "Broken Window" fallacy by Pinky's+Brain · · Score: 1

      The thing about broken windows is that it's a redistributive mechanism when the window owner has money and the window maker/setter don't.

      In the absence of sufficient redistributive mechanisms from government to offset the natural tendency of capitalism towards wealth concentration through rent seeking a broken window can actually improve the median living standards.

    2. Re:Seems similar to the "Broken Window" fallacy by Anonymous Coward · · Score: 0

      a broken window can actually improve the median living standards

      In the short term only. When a full, long-term accounting is taken into consideration, a broken window destroys value; whereas spending that money to build something useful would have created value instead. That's one of the keys to understanding why it's a fallacy.

    3. Re:Seems similar to the "Broken Window" fallacy by Pinky's+Brain · · Score: 1

      Valuable to whom? A feudal society with an abundance of labour will never create value for the poor, all the fruits of their labour gets taken away as rent. Black death's effect on the labour pool, various revolutions, socialism and homesteading laid the foundations for the the society we have today ... but we are reverting to the old norm.

      Capitalism as a force to improve the median standard of living can't survive without redistribution, there is no more land to homestead, the poor can't pull themselves up by the bootstraps to get out of the stranglehold of rent ... if breaking rich people's windows is the only redistribution available, well it's better than nothing, better than taking their heads off as well.

  69. Typical Gartner by Zalbik · · Score: 1

    Meh. Just read the article....it sounds like the whole Gartner conference boiled down to: "The future is scary. All these new technologies are going to cause massive upheaval. Unless you know how to best implement them, your company is toast. Give us money and we will make the scary future go away".

    Here are some other incredible "nuggets of wisdom" Gartner provided at the same conference:
    - By 2018, 3D printing will result in the loss of at least $100 billion a year in intellectual property globally. This could be particularly hard on a small business. "It's now easy to steal an entire business.
    Wow the tiny plastic widget market must be a lot bigger than I thought. Are they using the same statisticians as the MPAA / RIAA?

    - By 2017, more than half of consumer goods manufacturers will get 75% of their consumer innovation and R&D capabilities from crowd-sourcing.
    Yep, we're all gonna be buying stuff on Kickstarter.

    - By 2020, enterprises and government will fail to protect 75% of sensitive data.
    And where did they get the 75% number? How does one quantify "amount of sensitive data?" Is my fingerprint 1% of my sensitive data? 10%? Seriously, they're pulling numbers out of their asses here....

    - By 2020, smart machines will disrupt knowledge workers in both positive and negative ways. Imagine training your replacement, a machine, to take over your job.
    Companies have a hard time training actual people to take over the jobs of knowledge workers. I call complete BS on this one.

    - By 2017, 10% of computers will be learning.
    Yeah, I think I saw that in a Sci-Fi movie once. Didn't end well.

    - By 2020, consumer data collected from wearable devices will drive 5% of sales from the global 1000 firms.

    oooo, we're all going to be cyborgs too! Sounds keen!

    Hopefully the "Digital Revolution" kills off companies like Gartner. Seriously, how hard would it be? Track the latest & greatest technologies getting a lot of buzz on the tech sites, make some random predictions about them, publish some insanely flawed "top quadrant" studies, and over-charge gullible companies for your wisdom.

  70. Your "luddite are wrong" analyzis was rebuted by aepervius · · Score: 1

    Look the comment in your own site damnit. Frankly, the overall number of job for *one* specific branch lowered due to assembly line, but other discovery/new method at the same time allowed ton expand in new area, allowing the overall number of job increase. If tehre had been ONLY the assembly line enhancement, then the overall number of job in no training would have decreased making a lot of people precarious. But it did not happen then due to other domain popping up. NOW on the other hand NOTHING NEW is openning up. Thus the prediction of unrest.

    --
    C. Sagan : A demon haunted world:
    http://www.amazon.com/gp/product/0345409469/
    visit randi.org
  71. what are the new jobs for the XXIst century?!!! by Thud457 · · Score: 2

    conversely, grammar NAZI is still a volunteer-only position, only pursued by those in it for the glory and fiiiiiinnne bitches

    --

    the preceding comment is my own and in no way reflects the opinion of the Joint Chiefs of Staff

    1. Re:what are the new jobs for the XXIst century?!!! by CanHasDIY · · Score: 1

      conversely, grammar NAZI is still a volunteer-only position, only pursued by those in it for the glory and fiiiiiinnne bitches

      You know it.

      Although, after all these years it would be nice to at least be offered tenure.

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
  72. unlink health care for jobs by Joe_Dragon · · Score: 1

    The ACA seems to be a start to that but in some areas it needs to more but the GOP does not want that.

  73. Wrong by aepervius · · Score: 1

    "If this were actually true we would have seen a steady increase in the number of unemployed people over time during the past 20 years. Instead we had near record low unemployment until around 2008 when we had a banking (not technology) related financial crisis. Since then unemployment has been slowly but steadily falling back towards what passes for steady state norms."

    Only if you are considering sub par not paying job which are giving you less than the equivalent social help do if you are unemployed. The truth is that the number of "slave wage" job increased in the same time, part time , and so forth.

    --
    C. Sagan : A demon haunted world:
    http://www.amazon.com/gp/product/0345409469/
    visit randi.org
  74. Make full time 30-32 horus with OT caps ban salary by Joe_Dragon · · Score: 1

    Make full time 30-32 hours with OT caps and some kind of high base level to be salary with no OT pay say 100K + COL.

    Why should some people be worked 60-80+ hours a week when others are not working at all?

  75. Luddites are more fun at parties by MXB2001 · · Score: 0

    Yes we are! What's more fun than arguing about technology after all.

    --
    01/01/01
  76. also need some kind of sick time system so you don by Joe_Dragon · · Score: 1

    also need some kind of sick time system so you don't have sick people comeing to work or even working food service jobs as they get 0 sick days.

  77. We also need a faster & more relevant educatio by Joe_Dragon · · Score: 1

    The older education system is to long and at some schools it's to much theory with skill gaps. The on line idea is nice but we need to move to some kind of badges system.

  78. This is Gartner - the guys who said desktops grow by WillAffleckUW · · Score: 1

    remember, this is Gartner we're talking about, the guys who predicted the growth of desktop computers when they didn't and who failed to understand that markets will shift in ways not yet realized.

    That said, so long as the capital/labor split deviates from the historical mean of 50/50 to its current Rich/Poor divide of 90/10, you will always have social unrest, including large-scale looting of mansions.

    --
    -- Tigger warning: This post may contain tiggers! --
  79. Re:Shoes for Industry by some+old+guy · · Score: 1

    With the coming turmoil, "Shoes for the dead!" seems more likely.

    --
    Scruting the inscrutable for over 50 years.
  80. Box of cereal by phorm · · Score: 1

    I could. Assuming that the box of cereal was only one of many things that would go up... I know many people who couldn't (hell, I know some who are hard-pressed for that cereal box now).

  81. Whew! by ardeez · · Score: 1

    Ah Whew!

    I was worried that the digital revolution would kill jobs and inflame social unrest
    one day!

    But now Gartner has said it, I know it'll never be true.

    Now I can rest easy.

    --
    don't be a spelling loser
  82. Replaced by machines by phorm · · Score: 1

    "Eventually, they'll all be replaced by machines and when they are, it won't matter where those machines are located."

    Actually, it will. Location affects not only the primary industry but also a lot of offshoot industries from the middle-men who deal with language/trade barriers, to shipping, to salespersons.

    A more local factory means less need for intermediaries. Heck, if we ever end up with home fabricators, then we can say goodbye to a lot of that chain, though again it would be replaced by things such as supply of raw materials, etc.

  83. Re:We also need a faster & more relevant educa by gstoddart · · Score: 1

    The on line idea is nice but we need to move to some kind of badges system.

    Yeah, because social media badges are so meaningful and indicative of 'success' in anything.

    --
    Lost at C:>. Found at C.
  84. SubjectsInCommentsAreStupid by lesincompetent · · Score: 1

    Oh yeah... nevermind the globe-spanning, decades old, usa-led neoliberalist poison which is fucking the whole world up.

  85. the real problem is shovels ... by mbaGeek · · Score: 1
    an anecdote from the WSJ

    'At one of our dinners, Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: “You don’t understand. This is a jobs program.” To which Milton replied: “Oh, I thought you were trying to build a canal. If it’s jobs you want, then you should give these workers spoons, not shovels.”

    yes - "innovation" will destroy jobs (file that observation under creative destruction) but that will also result in new (as yet unknown) opportunities...

    --
    It ain't what they call you. It's what you answer to. http://mylyceum.us/
  86. One way or another, the only solution is... by Pfhorrest · · Score: 1

    Whether or not this current revolution creates enough new jobs of new types to offset the loss of old jobs of the old types, the net trend and the entire point of developing technology is labor saving: we are, as a culture (the global human culture, not America specifically), actively trying to eliminate the need for people to do work. Either because we don't want to work ourselves, or we don't want to have to pay someone else to work; there is a constant universal and undying pressure to find ways to have people doing less work.

    On the whole, this is a good thing. A world where nobody has to work would be great! The problem is that we have, and for most of human history always have had, a division in our society, between those who have more stuff than they need to get by, and those who don't have enough to get by, which allows the former group to not work, at the expense of making the latter group work more, in exchange for the former group providing the latter group with the material goods they need to get by.

    It is only in the presence of that division between non-working owners and non-owning workers that the elimination of work is a problem, because it makes the working class entirely unnecessary to the owning class who hold all the power. If instead everyone was an owner and a worker, then the elimination of work would leave us with an eventual society where everyone is an owner and not a worker. Well, we will get that eventually one way or another, but the question is whether we get there by eliminating the workers and leaving only the owners (bad), or if we just eliminate working for everyone and leave everyone just owning (good).

    So the way around the inevitable (if not looming) elimination of an entire class of people is to eliminate that class division. To make everyone a member of the owning class. Then we can all be happy to eliminate all the jobs we can. This of course is not a new idea, but I think the way it's been approached in the past has been entirely wrong. To bring people into the owning class does not require forcibly taking things from the existing owners and giving them to the workers for free. It should be happening naturally and voluntarily. Look at the arrangement between owners and workers again: the owners trade their capital for the labor of the workers. So labor flows from the workers to the owners, and capital flows from the owners to the workers. So obviously the workers gradually accrue capital and the owners gradually lose capital until the workers and owners are equally owners, and now the owners have to start working themselves since they've no capital trade advantage left. Right?

    That clearly doesn't happen, which means that there must be some kind of mechanism which is operating counter to the flow of capital from the owners to the workers, keeping the workers from accruing capital and the owners from losing it. I propose that the underlying mechanism here is rent, including rent on money otherwise known as interest. In a rental arrangement, someone with capital lets someone else temporarily use that capital in exchange for a permanent payment, and then gets their capital back at the end. So the person with enough capital that they can lend it out gains more capital (the money paid to them) at the expense of someone who doesn't have enough capital and needs to borrow it (the thing they rented). The people who need to borrow capital are of course precisely the people who need to trade their labor for the money they need to pay that rent, and the people with enough capital to lend it out are of course precisely the people who have enough that they don't need to labor at all. So rent and interest creates exactly the kind of backward flow from those without enough (the workers) to those with more than enough (the owners) that counteracts what would otherwise be the natural flow of capital in the other direction.

    All we need to do is eliminate rent (including interest) and the class divisions will naturally disappear. And when the class divisions disappear, the elimination of work ceases to be a problem and becomes a blessing instead.

    --
    -Forrest Cameranesi, Geek of all Trades
    "I am Sam. Sam I am. I do not like trolls, flames, or spam."
    1. Re:One way or another, the only solution is... by Sir_Eptishous · · Score: 1

      Your post is one of the best I've read on here, and your logic on how to rectify this situation is right on the money.

      However, sometime I like to take the role of the Devils Advocate, and now is such a time...

      For starters, lets look at the Distribution of Wealth in the world, and in the U.S. in particular. We all know where this has been going in the last 20-30 years. It is much worse now than at anytime since I think the 1920's, maybe longer. For lack of better phrase, "The 1%" are no dummies, and when it comes to ruthlessly marginalizing the vast majority of the human race, they have done an expert job of it. They will never agree to any sort of system that doesn't keep them where they are, whether that means putting billions of people out of work or not. If they can design a system, using robotics at it's core and technology as it's foundation, they will continue to live their lifestyle at the expense of the rest of humanity. They are only "keeping us around" in the meantime until the day arrives when sufficient technology is in place(robotics, omniscient surveillance, etc;) for them to truly take over and live in a world without the billions that are below them, and, for now, an annoyance.

      As much as I hope a scenario like that doesn't play out, I see the proof of it on a daily basis.

      I would highly recommend Marshall Brain on this subject.

      --
      We play the game with the bravery of being out of range
    2. Re:One way or another, the only solution is... by Pinky's+Brain · · Score: 1

      How do you propose we do that?

    3. Re:One way or another, the only solution is... by Pfhorrest · · Score: 1

      I don't really see that as Devil's Advocate, since it's not a counterargument to my proposed solution. It's just pointing out that that solution is very unlikely to be enacted, because the people with the power to enact it don't want it enacted. I agree with that entirely.

      The four possible scenarios I can see playing out are:

      A) The owning class secures their power with things like robotic security and such to the point that they no longer need the working class at all, all the workers get laid off, starve and go homeless, try futilely to riot but can't overthrow the owning class's secure position, and eventually die off entirely.

      B) The owning class secures their position of power, the working class becomes entirely unnecessary, but out of some little shred of humanity (or possible uncertainty in the security of their position), the owning class keep the working class around, but now wielding absolute power over them as the owners have absolutely no need for the non-owners and the non-owners are absolutely dependent on the owners for their "charity".

      C) The revolution comes before the owning class can totally secure their position and the working class are able to overthrow the owning class, either violently or somehow through nonviolent political means. Some traditional form of state socialism is enacted to redistribute wealth, and everyone now lives on the welfare of the state and its robot armies, which in turn (its leadership that is) wields absolute power over the people as it has no need for them per se and they are entirely dependent upon it.

      D) The revolution comes soon enough to succeed by whatever means it does, and something more like my libertarian socialist solution is enacted: divisions between owners and non-owners are dissolved, without eradicating all personal liberty.

      I think B and C are probably the more likely options, but A is still a frightening possibility, and it depresses me that nobody even seems to consider the possibility of genuine solutions in category D.

      --
      -Forrest Cameranesi, Geek of all Trades
      "I am Sam. Sam I am. I do not like trolls, flames, or spam."
    4. Re:One way or another, the only solution is... by Pfhorrest · · Score: 1

      Simply make contracts of rent and interest void. Do not enforce any supposed obligation for anyone to pay anyone for the temporary use of their property. All existing rent and interest arrangements would then need to be refactored into genuine sales if the existing creditors/landlords/etc want to keep making money off their capital, which would set up a the gradual natural distribution of capital that should have been happening all along.

      How to get the law changed in that way is a question I don't have an easy answer to, but the first step is getting enough people supporting that change that they can do what's necessary to get it made, and the first step toward that is making people aware of the existence of that option, which is what I'm working on here.

      --
      -Forrest Cameranesi, Geek of all Trades
      "I am Sam. Sam I am. I do not like trolls, flames, or spam."
    5. Re:One way or another, the only solution is... by 0123456 · · Score: 1

      So you want a world where all current rental property is locked up and unavailable to anyone but the owner? And no-one lends money, because there's no point when they can't collect interest on it?

      The level of economic insanity I see these days never ceases to astonish me. We should never have let AOL onto the Internet.

    6. Re:One way or another, the only solution is... by Pfhorrest · · Score: 1

      Why would that happen? More to the point, why would the owners of current rental properties let that happen, sitting on their properties doing nothing, which makes the rental properties useless to them, when they could instead sell them for money which they can use to buy useful things? Not coincidentally, there would at the same time be a large body of people in the market to buy. People who are presently priced out of the market because other people with more money can afford to buy overpriced property since they can then rent it out to recoup the cost and more. Eliminating the rent in the middle there would make the new equilibrium state one where the owners of current rental properties start selling them on terms that current renters can afford (as only people in need of that property for their own personal uses would buy it, since there's no profit to extract from merely owning it to rent out). Thus capital moves from the hands of those who have more than they need to the hands of those who don't have enough, without any coercion; just letting natural market forces operate, after removing the market-distorting factor of rent.

      And nobody would lend money for profit, but they would most certainly invest it, as in buy an ownership stake and take on a share of the risk, as otherwise their excess money would be sitting around doing nothing for them. Nobody's going to just sit on useless capital. They will find somewhere to invest it besides lending at interest. There's plenty of options already out there, and it wouldn't surprise me if more still sprung up.

      The level of blindness to alternate arrangements never ceases to astonish me. People act like if things weren't exactly like they are now, nothing could possibly work at all.

      --
      -Forrest Cameranesi, Geek of all Trades
      "I am Sam. Sam I am. I do not like trolls, flames, or spam."
  87. If technology created jobs by Anonymous Coward · · Score: 0

    then why are so many people (some say record numbers of people) on unemployment, disability, and other forms of welfare?

  88. Re:company want people who can hit the ground runn by CanHasDIY · · Score: 1

    company want people who can hit the ground running but they want for areas that you need to learn on the job or maybe at the tech / trade school. But HR some times passes over the trades / learn on the job people.

    Either this happened to AC 10 years ago, or he's full of shit.

    These days, they would have hired an H1B worker, rather than risk "wasting" money on training.

    --
    An enigma, wrapped in a riddle, shrouded in bacon and cheese
  89. I guess we all forgot how the economy works. by TheSkepticalOptimist · · Score: 1

    Look, this is how economy works.

    People make things.
    People sell things.
    People buy things.

    If you take people out of making things and they loose their jobs they can't afford to buy things.

    If you can't sell things, then there is no point to make more things, then a company goes out of business.

    You can't have an economy where nobody works and no company can stay in business because nobody can afford to buy what they sell, regardless of how automated the whole process is.

    So everybody simmer the fuck down and welcome your robotic overlords already.

    --
    I haven't thought of anything clever to put here, but then again most of you haven't either.
  90. Re:Luddites are wrong? by BoRegardless · · Score: 1

    Inevitable change is the order of the century. The question may be whether we revert socially because a substantial portion of the US population doesn't care or want to learn more technical subjects that would allow them to stay well employed.

    If we develop the 'taker' society, we in line for violent revolution when the goodies run out.

  91. The problem with history... by hey! · · Score: 1

    is that when you're looking for precedent there are always those two little words: "it depends". You can't count on history to repeat itself.

    I don't think there's a fundamental economic principle that says, "productivity increases actually increases employment." Yes, it *tends* to do so. If the next dollar of labor produces fifty cents of income, a firm won't lay out that next dollar; but if it produces *two* dollars of income it will.

    However that scenario assumes that demand for the product is "elastic"; that if you drop the price a little you'll sell more, and make more profit. Suppose demand for a product is *inelastic*, that dropping the price won't get you much more in units sold. If the market won't buy more widgets at a lower price, then it makes sense for a firm to lay off workers as productivity goes up.

    In the past the fear that greater productivity would result in job loss tended not to come true. At the outset of the industrial revolution nearly everybody would be considered materially poor by modern standards. Even in my granfather's generation it was common to by new clothing just once a year, and nearly everybody mended their own clothing. When computers were introduced to do things like payroll, yes the people who manually processed paychecks lost their jobs, but businesses responded by demanding far more complex and timely financial information products.

    Now we live in a different world now. Almost nobody darns socks or turns collars; they throw worn or even stained garments away. Clothes shopping has become a pastime, not an annual ritual; many people shop every week. Financial products turn on split-millisecond timing, and are so complex you need an advanced degree in math to understand them. It makes me wonder whether we might be approaching a kind of productivity/demand singularity.

    The biggest problem with predicting the future isn't *what*, it's *when*. People were attempting computer tablets decades before the iPad, but until the processor, battery, software and user interface technology were all available it was an exercise in futility. Much of Steve Jobs' genius was a matter of timing, of sensing when there was an opportunity to be created. I think there may be a productivity singularity in our future, a point where our established wisdom based on past experience fails. But I can't say when that will occur. I'm certain the market has surprises in store for us, but in the short term at least they'll probably tend to confirm established wisdom.

    disclaimer: I am not an economist. But I *do* write science fiction.

    --
    Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
  92. The myth of companies doing "more" with fewer work by mnemotronic · · Score: 1

    Many corporations over-RIFed and continue to do so. What they discovered is that many of 'those who chose to remain with the company' (as my former employer put it after a 27% RIF) work more hours for the same salary. Problem solved! Bonuses for all execs!

    --
    The Russians have won. They have made the world a cesspool of distrust, greed, fear and hate.
  93. Keep busy by providing for yourself by Anonymous Coward · · Score: 0

    If you are unemployed or underemployed, try to keep busy growing your own food, fixing your house, fixing your car, or anything else which reduces your need for cash. These endeavors are not taxed, so they can really add to your bottom line.

  94. There appears to be ... by PPH · · Score: 1

    .... quite a bit of pent up demand for stupid forecasts. I'm certain Gartner is hiring.

    --
    Have gnu, will travel.
  95. automating away the lowest jobs by russbutton · · Score: 1

    McDonald's is developing robot technology for making burgers, etc. Once you automate out of existence the lowest form of work, what are those people going to do? It is the natural order that wealth will concentrate in the hands of the very, very few. All through history there has been a vastly wealthy aristocracy and a vastly greater poor and peasant class. The only time there has been a sizable middle class is the last half of the 20th century, and that is mostly in the USA.

    The problem with wealth being concentrated in the hands of the few is that their wealth doesn't circulate. It is the middle and lower classes who spend most of their wealth on goods and services. The wealthy spend a very small portion of their resources on goods and services, so their money stays tied up and out of the larger economy.

    The economy is consumer driven and if the consumers do not have the money to spend, then there's little economy in which to employ workers, create goods, services and greater wealth.

    If you automate away all of the jobs, who is going to buy your goods?

    1. Re:automating away the lowest jobs by VortexCortex · · Score: 1

      Well, since the dollar isn't backed by gold, if the numbers tally up too high among the few, and too low among the many, then the people will just stop using it. Fat lot of good the few will have when they can't buy things with all their dollar digits, eh? Now, since "The Fed" isn't run by the feds, they'll probably see that crash coming and print as much money as they can to cash out while they can, which just makes the problem worse.

      This is why the states need their own currencies. This is the Information Age. Conversions are not a problem anymore, hell phones can show you the actual price tags via UPC reader app. Why not start a Bitcoin-esque blockchain in each region? We need currency with no central authority, like crypto currency. Commodity backed currency can be gamed just as easily. However, I think bitcoin is a dumb way to do it, let's make the proof of work be protein folding or some other distributed computing task, assigned to each transaction. "Congradulations, your purchase helped sequence and identify the DNA of a nearly extinct species."

      The dollar is already bitcoins; It's just the most insecure version you could implement, is all.

  96. Hey... by Dripdry · · Score: 1

    "Jobs isn't here, man!"

    --
    -
  97. how many have good retirement plans? by Chirs · · Score: 1

    Last I checked, most people do *not* have enough money set aside for retirement, and most companies/governments are no longer offering "guaranteed benefits" plans.

    1. Re:how many have good retirement plans? by Obfuscant · · Score: 1

      Last I checked, most people do *not* have enough money set aside for retirement, and most companies/governments are no longer offering "guaranteed benefits" plans.

      Neither of which means there aren't a very large number of people (much much more than "a lucky few") who have retirement plans (whether or not they have "enough" set aside to retire) that do include stocks and bonds as a large part. That's the point.

      If you want to argue that not enough people have enough set aside to retire, or that many companies no longer offer retirement plans, that's a different matter altogether than what I was replying to. I also noticed that you switched from the "retirement plan" that I said to "guaranteed benefits plan" that I did not.

  98. The Problem with Faith by bussdriver · · Score: 1

    People get funny when Faith is involved. Many people always have had faith in the status quo and it'll blind reason, generate rationalizations, high emotions, etc.

    Calling people who know technology who do not fear technology and are experts in technology Luddites is ridiculous enough that one should immediately investigate those who are calling names. Are they the ones who are clinging to the past; perhaps, even clever enough to accuse the opposition of what they are doing?

  99. missing the point by Chirs · · Score: 1

    What is harder to see is that nearly everyone else in the society is some fractional percent wealthier. The automobile saved people time, which is why it replaced the horse. People who spend less time unproductively can create additional wealth for the rest of society to benefit from.

    That assumes that the people that are out of a job can actually find something useful to do somewhere else. Not everyone can be a computer programmer or an engineer. Some fraction of the population has always been suited mainly for menial work--so what do those people do when all the menial work is being done by robots? And as robots become more and more capable, there are fewer and fewer jobs that can only be done by people. (And what about someone who is 60 and gets fired from their menial job. Many aren't going to be able to go back and retrain for a high-tech job.)

    Sure, if we cut the population way back you could have everyone living ridiculously opulent lives....but I suspect it's more likely that the population will continue to increase and we'll have welfare slums for the people that can't (or won't) do the high-end jobs.

    1. Re:missing the point by HiThere · · Score: 1

      Just remember that the high-end jobs are also temporary. Eventually the only job will be "owner" or "manager". And eventually is probably only around 30 years away. And it's not going to happen in a sudden jump. It's been creeping up on us for at least ... well, since sometime in the 1980's. Perhaps a bit earlier. The speed of change, however, has not be constant, though it's been generally increasing. I expect that systems administrators are going to find their jobs first deskilled and then replaced within the next 10 years. Programmers and systems analysts will take longer, but probably within the 10 years following that. So then the CIO is the only employee within the tech services department. But notice that the other departments have been experiencing the same "ephemeralization". So you've got around 5 top level managers, and they're managing a robotic/automatic staff. Which is getting smarter. And which they already don't understand. And as people retire they aren't replaced except as legally required. (So they'll probably end up with three: A general manager, a treasurer, and a secretary unless the laws change.) That's around 30 years from now, and all three managers are going to be 70 or older...and they won't understand the "brave new world that has such creatures in it". But their "staff" will tell them what to decide...if they weren't of a mind to follow the suggestions, their business would have already failed.

      So the question is: What about everyone else? There are several plausible scenarios. Most of them rather unpleasant, but some of the quite utopian. One of the nicer ones is that everyone else retires to play computer games. (Full sens-around immersion environment with haptic feedback.) Though if you want to see how that plays out, look up a rather old story called "The Machine Stops" by E. M. Forster. (It wouldn't actually play out that way, as by that time the machines would be independent, and probably considerably more intelligent than humans. They might decide to keep humans as pets (depending on their original programming). It's not clear at what level the automation would be an individual. It could be that the entire world could think of itself as one individual. I doubt that each "robot" would be individual. With em connections there's no speed penalty for haveing the brains be separate from the body. And that would allow one "brain" to control several bodies.

      These "immersive game" scenarios tend to have a population crash as an automatic consequence of people not directly interacting with other people. If the erotic possibilities are well developed, then the chief mode of reproduction might become artificial insemination.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
  100. Desperation is why Wal-Mart's always the bad guy. by sethstorm · · Score: 1

    Read up on monopsony and how employers like them use it to make offers in bad faith.

    Apparently your friends were very desperate for cash to go with an employer that views its employees a problem to be managed - in the Taylor sense of scientific management.

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  101. Re: company want people who can hit the ground run by sethstorm · · Score: 1

    They'll train the H1B but not the US citizen for the same jnob.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
  102. Finally, someone credible sees it and speaks it by Anonymous Coward · · Score: 0

    Isn't "decline in the overall number of people required to do a job" precisely what assembly lines effect, even if some job categories as a result require fewer humans? We recently posted a contrary analysis arguing that the Luddites are wrong.

    Assembly lines were introduced to mass produce (i.e. make more products in a shorter amount of time for a cheaper price)

    The whole point of computers and digital technology is to empower each worker to do more. Let's express that as an equation:
    1x = W, where x is the level of digital technology and W is work. If you increase the value of x (level of digital technology), W also increases. Let's set x=1:
    1 * 1 = 1
    One worker using level 1 digital tools performs 1 unit of Work. Now, let's increase x to 10:
    1 * 10 = 10
    Let's say the world's demand for work is 100 units. You need 10 people working with level 10 tech to get that work done. What happens if tech advances to level 20? You only need 5 people.

    Recessions only exist on Westeros where you have 'seasons' that last for years. On Earth, we have 'market corrections'. What do I mean by that? So called 'recessions' force businesses to 'tighten their belts'. They learn to do more with less. Now, if your goal is to save money, why would you loosen your belt once you've trimmed down? You won't. As long as the amount of work you need to do is the same, you will not hire more people. Even if the amount of work you need to do is increasing, you won't hire more people unless it outpaces the rate of technological progress.

    The answers to the worlds current problems involve population control and throwing the concepts of IP and patents down the toilet.

    1. Re:Finally, someone credible sees it and speaks it by Anonymous Coward · · Score: 0

      BTW, the biggest difference between the goals/properties of assembly lines and digital tech is the context in which they were introduced. When assembly lines were introduced, the job of most folks was growing food for themselves. Populations were increasing which made this harder to do and increased the demand for crafted goods. The Industrial Revolution created jobs, largely for a massive group of people that suddenly had to fend for themselves but didn't have their own land to till.

      The Digital Revolution does not do the same thing.

    2. Re:Finally, someone credible sees it and speaks it by 0123456 · · Score: 1

      The Digital Revolution does not do the same thing.

      Wow, I must be imagining that I'm doing a job that didn't even exist fifty years ago.

      It's odd, isn't it, that the more we automate jobs away, the more jobs there are in IT?

  103. And Hilarious by Anonymous Coward · · Score: 0

    You're correct; that verb was used correctly, although the verb "effect" usually isn't. "I'm going to affect this car by hitting it with a hammer, and I'm going to effect a dent." Hitting it is affecting it, the dent is the effect.

    If you said "I'm going to effect this car by hitting it with a hammer" you would be saying the car was the effect of the hammer's blow, which would be absurd.

    Imagine how much the hammer would cost if it made cars... no wonder Govt issued toilet seats cost $50+ :)

  104. Whoever wrote that is an IDIOT by Anonymous Coward · · Score: 0

    "Plummer points to a company like Kodak, which once employed 130,000, versus Instagram's 13."
    Talking about past revolutions increasing jobs but the digital shrinking... whoever wrote that is an IDIOT
    You can't compare a company that makes PHYSICAL hardware AND the film to one that just writes SOFTWARE that works on a pre-built device! For fucks sake, if you're doing that you'd also have to include ALL THE JOBS required to design and build the actual HARDWARE the 11 person designed application is running on!

  105. The only point they've ever had by Karmashock · · Score: 1

    The only thing I find somewhat compelling about the anti technology stuff is that it moves people farther away from the "means of production"... which isn't a reference to marx etc. For example, if I know how to make my own tools out of raw materials and can make from those tools everything I need then it gives me economic and logistical options. I don't need to buy some things in the store. And if the quality/cost of things in the store rise above some threshold, I can decide to opt for my own production.

    Look at food as a really good example of this... how many of you make you prepare your own food? Sure, you're just buying fruits, veggies, meat, etc and combining them to make a meal. But what if you couldn't? What if your only option was to buy prepared food at the store.

    One thing which bothers me about the industrialized world is that the factories do things in a way that cannot be scaled down to the individual level. I can't have a personal assembly line etc.

    We're starting to see something that might one day turn into that with 3d printers but its not ready at any price to do things like build cars or washing machines or even tooth brushes. They couldn't make a pencil if you wanted one... If you want a pencil, you have to buy one in the store.

    So that is the only issue that I find somewhat compelling about the anti technology position. That every industrialization centralizes economic, logistical, and productive capacity puts all of that in the hands of someone that is never you. You are never in charge of it. It is always someone else.

    As a counter point, look at the Amish. Okay, they're living like people did 200 years ago. But they're able to produce pretty much everything they need and use entirely on their own. They can sustain their society entirely on their own production and possibly some raw materials that if they had to... they could extract/mine on their own.

    I find that independence valuable and I wish the average consumer had that ability all be it without sacrificing the last 200 years of technology to obtain it.

    We need shake and back auto factories that can build just about anything. Possibly not personal machines but something every community could own a few of that just turn out high quality goods from raw materials. Then the big factories can compete with that... the big factories will be cheaper. But they'll know then that if quality slips or price goes up even on the local market much less the international one... they'll lose business and no because people will be deferring the purchase but because people will be buying elsewhere.

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  106. Maybe by Alarash · · Score: 1
    Maybe if most of the money didn't go to people who already have enough money to spend their whole life without working, we wouldn't be expected to work 5 days a week. I know it sounds crazy, but if we are evolving to a point where we don't need to work 5 days a week, maybe it's time to work less and get the same income. There's enough money to everybody. It's not being communist or anything, because I think it's fine that some people who take risks or are very smart make more money. It's just that it seems that it's got out of proportion. When people start building Yachts made out of gold, I'd say they have enough money to have more people employed who work less hours than they do today.

    Before I'm called stupid, keep in mind that in Medieval times, and until quite recently, people had to work 7 days a week, 12 hours a day. Now we are down to 5 days a week, 7 or 8 hours a day (in the west anyway). Who's to say it can't come down to 3 days a week, 5 hours a day, or two days a week, 8 hours a day?

  107. A Continuation by b4upoo · · Score: 1

    Prior to the automobile the keeping of horses was an industry beyond imagination. It occupied untold masses of employees and also kept home owners busy caring for horses as well. Automobiles quickly devastated the huge horse industry and the total number of people required to produce and maintain automobiles was far less than what had been required for horses. Now we are seeing a situation where electric cars and automated assembly lines can replace almost 100% of all auto workers. Even repairs will fall to next to nothing with electric cars and gas stations will fall to unmanned charging stations.
              This is a continuing process in technology elimination of human labor. It is only a problem if social and economic changes do not confront what is occurring. We simply will have to pay people not to work. It can be done and it makes economic sense. Taxation will supply the pay checks and the public will spend the money they receive supporting automated businesses.
                    The shock is that it will cause all of us to admit that no system of fair and just economy has ever existed. To put it all in context consider the Civil War in America. Men were free to pay a man to stand in for them to avoid combat. The equivalent is to send a robot to work for you as a surrogate. So the robot (technology) will earn while the human spends.

  108. Re: company want people who can hit the ground run by CanHasDIY · · Score: 1

    They'll train the H1B but not the US citizen for the same jnob.

    Right, because if I'm not mistaken the terms of an H1B visa do not allow the holder to change employers, even if the offer is better.

    So, of course they're going to choose the guy who can't be headhunted over one that can.

    --
    An enigma, wrapped in a riddle, shrouded in bacon and cheese
  109. Wow Gartner can I have a job? by bwcbwc · · Score: 1

    Considering I had posted this conclusion several times in comments here already, I think I qualify. The production times on these studies of theirs must take months.

    A recent sample from 2012.
    http://slashdot.org/comments.pl?sid=3317435&cid=42303767

    There will be a substantial part of the population that simply isn't smart or creative enough to hold a job in the face of automated competition. The only refuge for the average worker will be in situations where customers expect and require a human interface (for example in many service/hospitality industries). The tipping point will probably be around the time that most taxi services and some bus lines use driverless vehicles for at least some of their pickups.

    --
    We are the 198 proof..
  110. Modded insightful, but ..... by King_TJ · · Score: 1

    I don't see much "insight" in the part of your comment where you say "there is no real reason things need to get more and more expensive".

    Really? There are plenty of good reasons this happens. It's not just because businesses are greedy and decide they'd like to make ever-increasing profit margins on whatever they sell you!

    Inflation, by and large, happens because as our government continues printing more money out of thin air, the value of any given dollar bill decreases. When the government is in a large amount of debt, as it is today, the value of the dollar is really only propped up by the faith the debt-holders have in the nation's ability to make good on the interest payments.

    I know as a small business owner myself, I decided on an hourly fee for my service based on what I thought was the lowest acceptable/fair price I would be ok receiving for my labor. It factored in such things as my fuel and vehicle expenses to travel to my clients, and some margin to cover the inevitable return trips I'd make for free as "goodwill" to fix an issue that wasn't fixed 100% the first time around. After a couple years, I felt I had to increase my rate -- but even then, I kept the old pricing for certain long-time customers as long as I could. It was never about anything but trying to ensure I was compensated just enough to make the whole thing worthwhile.

    Any employee is free to change jobs or careers, in an attempt to get better pay. But obviously there are many strings attached to that whole process. Increasingly, the quest for a better job requires traveling further and further from one's home. At given times, only certain parts of the country are really "hot spots" for different skillsets. The day when you could settle down in one city for life, and work for the same employer through retirement are nearly over. A few people still do so, but frankly, many of them do so at the expense of getting paid more money they could have earned if they were willing to move.

  111. Clear trend by zmooc · · Score: 1

    I've been very interested in this subject for quite some time and have done some number crunching on employment rates in different sectors (as determined by our national statistics agency). Practically of them are in decline except for these five:
    - Catering
    - IT
    - Security
    - Medical and other care
    - Sport and recreation

    (and to a certain extent waste management/recycling)

    Jobs in these sectors have been growing steadily for the past 40 years. I think we can expect that trend to continue; these are exactly the jobs that are not easily automated. The others will slowly be taken over by the machines. This in itself is not a problem, though. The problem lies not in automation, humans will find new things to do. There is a problem though, and that's that as humans are replaced by machines, the money earned by these machines will be "trapped" within businesses. Without employees, there's no salary to pay and there will be no mechanism to keep the money going around. Economy will slow down, possibly come to a standstill. And this may very well be exactly what we've been experiencing the past few years (albeit partly caused by outsourcing to China instead of automation - for now).

    There are several "solutions". The obvious one would be huge taxes and welfare. However, as stuff becomes automated really quickly, nearly everything businesses currently do will become commodity rather quickly. On the one hand this means everybody can do them, on the other hand it means nobody will be able to excel in them nor will any new business be able to enter such markets. Due to this, probably not too many businesses will remain. And when that happens, we will end up in some kind of planned economy. If we smart and/or lucky, that is; the alternative would probably be some kind of dystopian oligarchy of the owners of the machines.

    Marshall Brain wrote quite a nice story about exactly this situation, its problems and the possible solutions. For a story it's rather bad, but it provides so many insights into the intricacies of this problem that it's definitely worth a read.

    http://www.marshallbrain.com/manna1.htm

    --
    0x or or snor perron?!
  112. Money saved is money invested elsewhere by Salgat · · Score: 1

    The beauty of technology and efficiency is that the money saved is simply spent and invested elsewhere. The market will always take advantage of labor as an available resource. A better question is whether we will see more lower wage jobs because of it since the market may not value labor as much as before.

    1. Re:Money saved is money invested elsewhere by Dr+Max · · Score: 1

      True if some one was willing to work for less than the price of electricity, at the same speed (or slower for less) then you will still have a market for the labor. We are approaching the point where we will be able to build robots that work cheaper than it costs to feed a human, and if a human can't even feed himself on a wage then why work for it?

      --
      Rocket Surgeon.
    2. Re:Money saved is money invested elsewhere by Salgat · · Score: 1

      If we are able to reach the point where humans can almost entirely replace humans, then we are approaching a potential utopia moment where we are no longer restricted by labor, which would cause an explosion in standard of living and eliminate the need for a lot of people to work (people would have the option to either live off a basic wage and never work or make a lot of money in jobs that require a lot of intelligence).

    3. Re:Money saved is money invested elsewhere by Dr+Max · · Score: 1

      I'm all for robo-communism. I'm just not sure all the big businesses that seem to be in charge, will like the idea of paying everybody to do nothing. Some countries might treat the people well, but others will put them in low cost housing (if they are lucky) and pay them in food stamps.

      --
      Rocket Surgeon.
  113. Instablity is the problem, not solution. by sethstorm · · Score: 1

    The days of a job for life, or even a LONG term (redacted term), have been over for a long time, No one should take a job with the hope of keeping it more than 4 years or so realistically.

    Unfortunately, that push towards instability is what makes things worse off. Long term plans generally can't be made if you're having to worry about switching employers. In addition, such frequent switching lowers the quality of benefits overall. Never mind that it kills morale across the board given that you're not much more than a mercenary versus a valued partner in the workforce.

    if you're younger, you should be job hopping every 3 years or so, if working W2 jobs...to get promotions and raises.

    Which reflects a problem in the company and people like yourself more than ever. As evidenced in at least the defense contractor and public sector work, stability trumps precarity.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    1. Re:Instablity is the problem, not solution. by cayenne8 · · Score: 1
      I'm just telling it like it is....I didn't make it this way, and I certainly can't change it.

      I'm just saying, "this is how it presently is, and has been for awhile now"....and that if you want to succeed today, you'd better accept it and learn to work within that paradigm.

      And really, aside from a few exceptions, when has work not always been somewhat "mercenary"?

      I mean, if they weren't paying you, you'd certainly not be spending your 8 hours a day there for free, right?

      --
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  114. Re: company want people who can hit the ground run by PRMan · · Score: 1

    Nope. Not true at all. If another company wants to take over their sponsorship, they can do that.

    Source: I tried to hire my H1B friend from my old job at my new job. The only problem was that the new company was unwilling to keep his cousin as his "contract company", so his overall family compensation would have been worse (but he would have received more).

    There was absolutely no problem transferring the H1B. The only issue is the number of companies that want to get involved in H1B hiring is smaller, since it's a bit of a pain.

    --
    Peter predicted that you would "deliberately forget" creation 2000 years ago...
  115. You're problem is your only valuing them as Labor by rsilvergun · · Score: 1

    and not as human beings. As a laborer he might be worth only $25k/year. As a member of the Human Race, I think he's worth much more. That's why you and I will never agree. You think people only have intrinsic value. You're not considering the very real human misery your beliefs create (or if you are you dismiss them off hand with a wave of Ayn Rand's magic wand).

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  116. you're optimistic by Chirs · · Score: 1

    I fully believe that much of both law and software development could be done by sufficiently smart AI. As for media, we've already got software composing music and visual art "in the style of" human masters.

  117. I can't stand seeing the Libs take it on the chin by rsilvergun · · Score: 1

    We're really losing the argument here. The trouble is we came to a gun fight without so much as a knife, just a pen and paper.

    Let me break it down for you: The reason you can't win arguments with Libertarian/Conservative types is you're arguing with the assumption that both you and they share a fundamental belief: That human beings have more than Intrinsic Value. e.g. that people are worth more than the raw output of their labor, simply by virtue of being living, breathing people.

    The parent/grandparents here don't think that way. If you're labor is worth $25k/yr, then you get $25k/yr. The consequences of human misery are irrelevant, because at the end of the day just as Liberals find it morally reprehensible to let someone starve to death when there's plenty of food, Conservatives believe it's equally reprehensible to give them that food if they aren't able to generate enough labor value (for lack of a better term) for it.

    Now, the smart Conservative will chime in that a rising boat lifts all tides (actually, it swamps all but the biggest boats, but I digress). And they'll have all manor of reasons why it doesn't matter that they don't believe a person's worth can be more than what they make per hour, but it won't change the cold hard facts.

    Liberals, Don't bother arguing with them until you change their mind on this. If you can't get them to agree that people are worth more than how much they can beg, borrow or steal from their fellow man then you're wasting your time, and you'll lose any debate you start because you're not talking about the same things...

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  118. Choice 3: Kill Core+Temp work model. by sethstorm · · Score: 1

    Thing #2 - Government intrusion into the healthcare system is pushing hard on companies to be ultralean and is also forcing the majority of the workforce that is not part of the core into a 29 hour work week -- both of these are caused by ultra-lean companies need to avoid having to "deal with" the government mandated healthcare system.

    Then intervene further so that business cant create the two-class workforce - where:
      Full-time & benefit status is instantaneously conferred - eliminating the possibility of a no-benefit tier for any given skill level.
      Temporary/Staffing agency/Consulting/1099/etc work cannot be made a condition of accepting/continuing work - eliminating a means to control the workforce.
      Unemployed of all types are considered a protected class wrt EEOC in exchange for removing nearly every other category.

    If businesses dont have those ways to subjugate workers, they might just have to hire in good faith - in one tier.

    So... this will be the new structure... and we have to be ready for it. The requirements for working in an ultra-lean company in the US are going to be much different than working in a traditional company... It is going to require higher education, more technical higher education, and multi-disciplinary people. It is also going to require programmming skills for every single member of the core (non-temp) team.

    Or just kill the two tier idea with fire and from orbit. Make everyone in the core group by default and make temporary work a relic of the past.

    Core + Temporary workers is an idea that needs to die for its second-class treatment of the masses put in the lower tier.

    But, if you think about it a moment... instead of dwelling on the chance of the unrest of an "unprepared" society -- if society prepares itself and embraces the change... this is such an exciting a time in history. Never in the history of the world has there been more opportunity to be successful and for so few to touch so many lives. People are empowered as never before to produce an individual contribution to society. There is more to the world than brick and morter, and more freedom accessible than ever before for those willing to sieze on the opportunities at hand.

    Unfortunately you cannot ignore the displaced in that manner. The best idea is to include them even if it means that businesses take on an unavoidable burden.

    Let's teach our generation to cast off the old unproductive model and embrace the new and more fullfilling model of the future.

    Good. Let's start by bringing the two-tier work model (core+temp) to the guillotine along with those who push for it. If you want workers in unstable arrangements, you'll have to make it more attractive than well-paid secure work(for all skill levels) instead of using it to deal with 'uppity workers'.

    --
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  119. I'd be more concerned w/ offshorers by sethstorm · · Score: 1

    Forget the IT folks, I'd think that the people that send jobs offshore would be targeted - especially given that it targets those programmers and sysadmins.

    This already has some truth given that no company wants to disclose offshoring efforts, and that employers make sure that there is a penalty for doing so. However, if it gets to the point where loss of life is encountered by those who send jobs offshore(or to guest workers), those severance-linked NDA's wont be a barrier to disclosure.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
  120. Re:Make full time 30-32 horus with OT caps ban sal by sethstorm · · Score: 1

    Or just kill the idea of any tier lower than full-time given that the lower tiers have less freedom overall. Triggering anything with a numeric minimum invites circumvention - as evidenced by the 29er/49er response to PPACA.

    If there was a way to trigger OT w/o circumvention or exemption, it would be a good idea.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
  121. The good and the bad. by Anonymous Coward · · Score: 0

    Capitalism rewards most those who succeed most at pleasing their fellow man. That makes an economy a very efficient meritocracy, to everyone's benefit.

    Eventually, the most successful wind up controlling too much of an economy's assets, however. The resultant imbalance causes all kinds of harm, including poverty and hopelessness.

    This consequence does not make capitalism evil in-and-of-itself, but it does demonstrate the lack of long-term scalability.

    I hate the reality of poverty, and conscientiously donate to causes that help poor communities build themselves into thriving economies. I am told that this solution, too, is not scalable in the long term. However, I can't fathom what other solution would be scalable. I just have to hope that continued investment in the bottom will result in a natural leveling of the playing field over time.

    Perhaps this digital revolution will force the invisible hand on some important issues. The reality of abundance of digital data, and the enormous economic disparity caused by data monopolization, might eventually push to a breaking point the strange control-of-knowledge agendas that continue to be foisted upon us. Though the intermediary period will probably be unpleasant.

     

  122. "Gartner says ..." by Anonymous Coward · · Score: 0

    The only reason I ever read past "Gartner says" is to stay abreast of the speculation behind stupid decisions made by the tassle-shoed crowd. Looking toward the "digital revolution" to explain the effects of a mass exodus of manufacturing and outsourcing of everything is definitely Gartneresque.

  123. Good job at missing the point twice by Dr+Max · · Score: 1

    There isn't anything to replace these jobs with. before cars were built in assembly factories, not many people had cars, and after that we had huge amounts of infrastructure to build. What extra infrastructure are we going to need in a digital revolution? just more computers which can be built by robots (and maybe a bit of fiber). We are talking about taking the current job and work of 10 tech people and doing it by 1 and a computer, not a new industry the current ones, if you can think of a new industry for the other 9 out of 10, I'm all ears, but i haven't heard one yet. Then throw in robots replacing menial labor (not replacing a work process or an animal, replacing the actual human) and it looks really bleak.

    --
    Rocket Surgeon.
  124. Jobs Americans won't do? by Anonymous Coward · · Score: 0

    So if automation is eliminating all the unskilled jobs, will somebody tell me WTF 12 million undocumented immigrants are doing in the US? Not to mention the last wave that got amnesty in the 80's? From what I can tell looking around my neighborhood, it looks like they're working pretty hard at landscaping, construction, janitorial, and farm work. Or am I just seeing a small slice of this workforce, and most of them have STEM PhD's?

  125. Minimum wage by Anonymous Coward · · Score: 0

    It feels like every day I see people arguing about the idea of minimum wage on /. Here in Europe it is standard and serves to protect a basic human right, which is to be paid fairly for unskilled work. Otherwise we are literally all slaves.

  126. I'm a programmer by LordWabbit2 · · Score: 1

    I'm a programmer, I can't even count the number of times I have written a program (or even a script) which has reduced a departments workload to the point where one or two (or more) staff members are no longer required. Usually they are not retrenched but moved sideways out of the department, natural attrition does the rest.

    --
    There are three kinds of falsehood: the first is a 'fib,' the second is a downright lie, and the third is statistics.
  127. Re: company want people who can hit the ground run by CanHasDIY · · Score: 1

    Nope. Not true at all. If another company wants to take over their sponsorship, they can do that.

    But the worker themselves cannot make that decision, which seems a bit fucked if you ask me.

    --
    An enigma, wrapped in a riddle, shrouded in bacon and cheese
  128. So you're unproductive by Anonymous Coward · · Score: 0

    If you're learning, you're no better than a schoolkid, so your salary will drop from experienced member to noob.

    Except you have a house and family to feed and killing your family, though reducing your monthly outgoings, is not going to be accepted by the public as a solution.

    So while you **learn**, you're earning 1/3 or less of what you had.

    This is why I count your entire screed about your work history complete and utter bunkum.

  129. Everyone needs to learn programming by funky_vibes · · Score: 1

    I've said it over and over, everyone needs to learn programming, the lingua franca of automation.
    In that way they cannot be replaced by a robot (until the next unknown paradigm shift comes along, such as hard AI)
    Programming is not a job description, these days it's just a necessary tool to get any kind of real work done. And will become increasingly relevant for all future business.

  130. Oh, you've got to be kidding by Anonymous Coward · · Score: 0

    The "contrary analysis" could have been a Tea Party press release. Don't make me laugh. And if I can ever find my password again, I won't post as AC anymore!!!

  131. The problem: We think we need jobs by bitterblackale · · Score: 1

    An economy based on people having jobs is doomed to collapse for two reason: 1- People keep replacing themselves with more children than their parents had. 2- Only a finite number of workers are needed to produce enough to match demand, and that number is shrinking. This jobs-based first world economy must be replaced by something that isn't dependent on everyone working for someone else to prove that they deserve more than basic human needs. "on a very fundamental level, we have pretty much everything we need"—and we're just distributing it wrong, and "we don't have enough ways for people to work and prove that they deserve this stuff." http://www.theawl.com/2011/09/douglas-rushkoff-why-do-we-want-jobs-anyway

  132. The revolution has already happened. by ntime60 · · Score: 1

    Where's Gartner been? Slow news day? The question is, what jobs are going to be safe in the digital age?

  133. Technology Increases Inequality by curtwelch · · Score: 1

    People must stop arguing the wrong point. This is very important and people must get this right. The problem with technology is not that it kills jobs. It doesn't kill jobs. In a free market there is always work to be done, and there's always a price the market will pay to have that work done.

    The true problem with technology is inequality.

    Technology drives inequality, and it is inequality, which is the foundation of all our current social problems. So where some people are having their wages driven down by technology, other people are having their income and wealth driven higher. But this does not balance out over time giving everyone an equal chance to get wealthy from technology The wealth concentrates into the hands of a few and the more technology we create, the more concentrated the wealth becomes. This is nothing new that just now showed up with the digital revolution. It's a trend that has been growing worse for 100's of years now.

    Technology, is primarily a tool for creating MORE wealth in society, which is the good side of technology that we all love. It is why GDP keeps growing exponentially higher year after year. But technology has an evil side as well. The evil side of technology is that it is also used as a tool by whoever owns the technology, to take wealth away from others. It's this power of technology to steal wealth from people, that is what we must address.

    When the textile workers of the early 19th century lost their jobs to the new machines, what happened? Lots of skilled workers were all making about the same amount of money weaving cloth by hand before the new technology showed up. But then automated looms were invented, and all these textile workers LOST their income. 1000 skilled textile workers, might have been replaced by a 500 people who manufactured the new automated equipment, OWNED the textile mills, and staffed the low skill, low paid jobs for the people who tended the new machines (operators). So we see a situation where there was a lot of equality of pay, across a large population of workers, shift to a small population, with high inequality of income, depending on what role they played. But the most wealth, shifted to whoever OWNS these new machines. Wealth shifted from the people who used to do the work, to the machines that took over the work.

    This is very important concept to understand. Humans are just meat robots, that have for thousands of years, done most the work with their hands. We humans were the "machine of choice" for getting work done - for the protection of goods and services of value. But as our technology advances, other machines have slowly replaced our job functions, and those other machines become the "machine of choice" for that jobs. When a weaver is replaced by an automated loom, the money in society that once went into the pocket of the weaver, now goes into the pocket of the person who OWNS the new machines. The machines become tools, that allow the people who own the technology, to take money o9ut of the pockets of the weaver, and put it into their own pockets.

    Every technology ever created follows this same pattern. It boosts total wealth in society, but at the same time, it shifts some wealth, from one group of people, to another.

    What is happening over time, is the the creation of wealth is shifting from the old machines (meat robots), to the new machines, automated looms and all the other technology that is producing wealth today, like computers and robots. The wealth of society (the wealth produced by the machines), is assigned to whoever owns the machines. We humans own our own bodies, so any wealth we produce with our own hands, goes to us. But when we create machines that produce wealth, the wealth doesn't go to whoever made the machine, the wealth goes to whoever OWNS the machine. Sometimes the person that makes the machine is the one that ends up owning it, but more often than not, it's not true. Wealth production, and wealth itself, has for a long time now, been

  134. Investorment determines opportunities, not need by bbsalem · · Score: 1

    These arguments that turn on the ideal market and the ideal technology that will save all our problems, either the so-called freedom of choice in markets, and the co-called freedom of a CEO to spend as he or she sees fit, is bunk.

    People don't have freedom of choice about what they do to survive when circumstance forces them to choose from what is available to them.The smug message we get is from people who already had resources to sit out a bad opportunity. They are elitists.

    What limits the freedom of choice is investment, the people who have the money and decide where to put it. The rest of us are either charged to execute or are payed by someone in the line of command to do assigned tasks, and we are relatively unfree. So the smug assurance that markets give us freedom of choice is made by liars who know how the market is rigged, by analysts, by financial insiders, by politicians, and the choices are limited by investors, whose overall intelligence and sense of general welfare is doubtful.

    So, the people who insist on the wisdom of markets, in the fairness of overall self-interest may have their convictions tested and soon. They may have to pay with their comfort and safety for their conviction that unguided self-interest and possibly greed is the best way to set the priorities in a nation and in the world. They may have to fight, literally, to support the right of labor markets to behave as they do.

    This may come to a head sooner than conventional thinking expects, and the people who cause the crisis may not have any idea that they are lighting a fuse. People's perception change suddenly, which is why economics is not a science, and why smug assurances have a way of vanishing instantly.

    It can easily be said that the lopsided income distribution and the corruption it is causing in the government are both caused by the digital revolution. Programmed trading has so distorted equity markets that they really aren't the domain of mere human investors, and the application of the high technology of digital mathematics has fed the most craven urges of mankind, leaving the majority of people at a disadvantage. I wouldn't go so far as to advocate Luddism, but human institutions need to catch up with digital institutions, particularly in finance. Whether or not digital technology creates more jobs or not, I think that more jobs have been marginalized and lost than have been created, and even the new jobs aren't safe from elimination, there is the overarching question of how societies create roles for people not needed in economic activity other than turning them into cannon fodder.

    The warning is clear, and it may already be sounding in other parts of the world, that the great Unwashed, the non-elites, will get their say about the smug images some people here have been putting out, and that otherwise very intelligent people become victims of history because smart or no, mankind is very poor at predicting the future, which is again why economics is a dubious line of reasoning to argue from.

  135. Sponsored time limited investments by eric_baudaux · · Score: 1

    "Humanocracy" is a word imagined to suggest sponsored time limited investments in the following areas: family, economic, participation, creativity. It is based on the observation of humanity's progress through the ages, split into four distinct periods of time: 1 conscience, 2 conquer, 3 command, 4 create. It sounds like the concept could be slowly making its way out http://hardware.slashdot.org/comments.pl?sid=4214205&cid=44849821 no matter the desperate efforts the Western World could be putting in, trying to avoid the implementation of this part of a unique world wide Universal Democracy model. If it was effective it would, probably, be a solution to the debt ceiling and the federal shutdown issues. But it would also progressively bring the obviousness of carrier politicians or bankers to a lower state along with, depending on the receiving or funding side of the line you're on, their incomes to acceptable or non-acceptable amounts. The funding side hasn't really had it's word to say yet but this situation shouldn't last forever.

  136. Why link the right to consume with work anymore? by Paul+Fernhout · · Score: 1

    A parable by me about robotics and a basic income: http://www.youtube.com/watch?v=p14bAe6AzhA

    Key line from there to echo your point: "The politicians and their supporters said the solution was to lower taxes and cut social benefits to promote business investment. They tried that, but the robots still got all the jobs."

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    A 21st century issue: the irony of technologies of abundance in the hands of those still thinking in terms of scarcity.
  137. A movement beyond "jobs" like to a basic income by Paul+Fernhout · · Score: 1
    --
    A 21st century issue: the irony of technologies of abundance in the hands of those still thinking in terms of scarcity.
  138. Get real. by GPS+Pilot · · Score: 1

    Its lucky that the job market is infinitely flexible and everyone can pick and choose exactly what job they do, when they do it and how much they get paid for it.

    Your sarcasm would be funny if it weren't so one-sided. Here are both sides of the matter:

    People can't choose exactly what job they do and how much they get paid for it. (If they could, they would choose infinite compensation for doing nothing.)

    Conversely, employers can't choose exactly who they want to hire and how much they want to pay in wages. (If they could, the would hire only the most qualified people in the world, and pay them nothing.)

    The free market is the mechanism that finds the best compromise between these two extremes; it forges labor-for-money transactions that both parties perceive as being in their own best interests. If either employees or employers are coerced to alter their behavior, it's no longer a free market, and the transaction may no longer be in the best interest of one or both of the parties.

    For example: Mary, a 67-yr-old woman on a fixed income, is willing to pay the neighbor kid $5 per hour to mow her lawn, and the neighbor kid is eager to put down his X-box controller and do it. But then Mary becomes aware that this would violate minimum wage laws, and decides not to proceed. Both parties have been precluded from a transaction that would have been in their own best interests.

    --
    That that is is that that that that is not is not.
  139. Fatal flaw in your argument by GPS+Pilot · · Score: 1

    Meanwhile the total personal income for 2012 in the US was $13.4 Trillion. Total number of workers is about 154 million. If we had a purely distributed wealth economy where everyone got a cut of the pot we would each make: 13.4T/154M = ~$86,500 per year.

    Just one problem with your argument: total income has risen to $13.4 trillion only because the U.S. has adhered, somewhat, to free market principles. If you want to see what happens when you don't adhere to free market principles, look to the economy of the Soviet Union. In the USSR's final year of existence, after its policies had been in effect for about two generations, its GDP had shriveled and at last become smaller than that of tiny Denmark. You'll be pleased to know that the misery was spread quite equally. (Except for elites who still had gosdachas and consumed Stoli and caviar.)

    I'd say "or, don't look to their example and take your fellow citizens down the same dismal path" -- except I'm one of your fellow citizens.

    I'll take my "unfairly-small" share of a huge and growing pie over a "social-justice-approved" share of a shrinking pie any day, thank you very much.

    --
    That that is is that that that that is not is not.
    1. Re:Fatal flaw in your argument by RespekMyAthorati · · Score: 1

      Except that the Soviets were bankrupted by trying to compete with the U.S. in military expenditures,
      something that wasn't going to happen with the U.S.military budget under Reagan (good for him).
      To really see what a socialized system looks like today, look to Finland, Norway or Germany -
      all countries with powerful economies and advanced social welfare.

    2. Re:Fatal flaw in your argument by GPS+Pilot · · Score: 1

      You have helped to prove my point. The U.S. wasn't bankrupted by military expenditures that were far more massive than those that bankrupted the USSR. Why not? Adherence to free market principles had resulted in decades of economic growth, which in turn allowed the U.S. to easily absorb those massive military expenditures.

      In 2013, U.S. military expenses as a percent of GDP are much lower than during the Cold War. What is currently bankrupting the U.S. is entitlements. (The $107 trillion in unfunded liabilities should scare you much more than the $17 trillion National Debt.)

      --
      That that is is that that that that is not is not.
    3. Re:Fatal flaw in your argument by Anonymous Coward · · Score: 0

      Adherence to free market principles had resulted in decades of economic growth, which in turn allowed the U.S. to easily absorb those massive military expenditures.

      What bullshit. Borrowing is what allowed the U.S. to easily absorb those massive military expenditures!

    4. Re:Fatal flaw in your argument by GPS+Pilot · · Score: 1

      And Borrowing was not an option available to the USSR? Weak, anonymous coward, weak.

      --
      That that is is that that that that is not is not.
  140. Constitution by NewYork · · Score: 1

    Rewrite your Constitution within the context of digital revolution and globalization.

  141. Tragedy of the Communists by felixrising · · Score: 1

    Next thing you're gonna tell me that Employees are also Consumers and that outsourcing jobs overseas is a short term gain for a long term loss in the gyst of the "Tragedy of the Commons"

  142. Wealth creation should be the aim, not jobs... by KonoWatakushi · · Score: 1

    The digital revolution is largely irrelevant--it is dwindling wealth which will kill jobs and inflame social unrest. As long as the pie is shrinking, and the fools making policy treat our economy as a zero sum game, there will be no end of problems. Certainly the distribution of wealth must be addressed, but it is also absolutely essential that we grow the pie.

    Jobs and natural resources are necessary inputs to wealth creation, though by no means sufficient. Limiting the scope of the discussion to jobs is a futile exercise and misses the key point: our collective prosperity rests entirely on energy. Both jobs and natural resources are directly dependent on access to affordable and abundant energy. While automation will continue to reduce the need for human input, energy is not optional. It is critical that we secure a reliable and economical source of energy now, or the suffering will be inevitable as fossil fuels become ever scarcer.

    Without access to energy, we won't even be able to feed ourselves, much less maintain our existing infrastructure, and civilization will decay and crumble. There is no shortage of work to be done, but we are increasingly constrained by our resource inputs. If only people could develop an appreciation for just how instrumental cheap fossil fuels have been in supporting our present quality of life, the sooner we could seriously work toward replacing them. Unfortunately, that requires embracing nuclear energy, as it is the only viable replacement we have for fossil fuels. Needless to say, I'm not very hopeful about our future.