[quote=no_such_reality]
Cheap labor may be taking all of the unskilled labor now. That’s the leftovers of Ford’s biggest invention. Eventually, robotics will replace all of them, (I hope). [/quote]
Actually, we could run basic necessities, food, utilities, transportation etc.. on like 5% of the population with properly applied technologies. The reality is we don’t need that many people working and we certainly don’t want millions trained for our remaining jobs lowering our skilled workers wages. Heck, one of the ways we keep employment up is making shitty products that break down all the time and shipping plastic crap around the world that wind up in land fills within six months.
[quote=no_such_reality]
Frankly, I don’t think so, I think we’re about to stall into a second stagnant medieval period, stalled just like then, by the abundance of cheap labor caused by surging populace and ignorance.[/quote]
Agreed, late-stage capitalism is going to be ugly. But, abundance of cheap labor? It was feudalism for God’s sake! I do agree with ignorance part, which was public policy. We were burning scientists at the stake for going against religion, kind of like we do today with environmental scientists.
