Economic Armageddon is Here
An Oxford University study concluded that 47% of all
U.S. jobs will be eliminated by technology.
By Gary;
Armageddon is here and no one has noticed yet.
I have blogged about this subject over and over, but the media and the politicians remain clueless about the tidal wave of economic anarchy coming right at us.
A new study by Dr. Carl Frey and Dr. Michael Osborne of Oxford University concluded was that 47 percent of all U.S. jobs could be automated within the next 20 years.
The U.S. economy will never produce enough jobs for everyone ever again says the new study.
Entire industries and all of their employees have virtually vanished. Try to find a video or record store for example.
The automation of half the nation’s jobs will occur in two phases, the study says: The first wave will affect (and is affecting) jobs in transportation/logistics, production labor, administrative support, services, sales, and construction.
The second wave — propelled by artificial intelligence — will affect jobs in management, science, engineering, and the arts.
For employers, there are a whole host of advantages that come with replacing human workers with technology. Robots and computers never complain, they never get tired, they never need vacation, they never show up late, they never waste time on Facebook, they don’t need any health benefits and there are a vast array of rules, regulations and taxes that you must deal with when you hire a human worker.
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| It's the end of the world as we know it. |
Are droids taking our jobs?
Robots and algorithms are getting good at jobs like building cars, writing articles, translating -- jobs that once required a human. So what will we humans do for work? Andrew McAfee walks through recent labor data to say: We ain't seen nothing yet.
The 1992 Los Angeles Riots
The riots set to music. Bitchin! Poor video quality. Keep it on a small screen. But to the point, the riots show our future as millions of permanently unemployed "have nots" will riot endlessly over real or imagined economic or social issues.
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| "We never get paid for our jobs." The combination of the Internet, robotics and computers is eliminating jobs faster than they can be created. But the insane politically correct politicians of both parties cannot wait to import and/or legalize countless millions of foreigners to compete directly against American citizens for a limited number of jobs. . Also see our article: "Terminator Robots - War without Warriors" |
Here are some of the issues we face with robotics, computers, Internet and outsourcing.
The Collapse of the Consumer Economy - The economy of much of the world is based on buying shit with do not need with money we do not have and going deeper into debt.
As technology permanently eliminates jobs, people will no longer have money to buy all the crap the corporations tell us we "must" have in order to live.
With fewer and fewer workers-consumers, there will be a slow motion collapse of the economy from which there is no recovery.
Eternal Poverty - With technology abolishing jobs from bank tellers to travel agents to video stores to auto assembly lines we are looking at a world with eternal poverty.
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| Goodbye Tax Money Robots and computers neither pay taxes into the system nor consume products to strengthen the economy. But they do abolish jobs. |
Not only poverty, but the poor knowing there is no hope of any kind of jobs ever returning and a way to escape poverty. Countless millions will look at a permanent minimalist future of food stamps, government provided housing and Obamaphones.
No Taxes - Machines do not pay taxes. As human workers rapidly vanish and the consumer economy collapses you will see tax income to government treasuries fall.
Increasingly there will be less and less tax money to support everything from the military down to road repairs, police and fire.
The Collapse of Social Security - Every thinking person knew from day one that the Social Security system was a phony Ponzi scheme. It needed endless new workers to pay into the system to keep the benefits flowing.
Now we have reached that point where there will be only a fraction of the workers needed.
Money Printing - The magic word of the day is G-O-L-D. Simple math says tax revenue will decrease and demands on the treasury will increase.
The governments of the industrialized world will turn to their old friend the printing press to get the money they need to pacify the masses of unemployed with EBT cards and housing.
Can an Economic Armageddon be Stopped?
Better minds than mine will have to kick around this issue.
But there is one area I can see. For businesses there are economic benefits in abolishing jobs and going over to computer-robotics. Saving on labor is always #1.
I can see the day coming where governments will try to tax businesses for replacing workers with robotic technology and put in place tariffs against foreign goods and services driven by robotic technology.
The old political lines of Left & Right will be shattered when faced with an economic implosion of unprecedented dimensions.
If you are planning to be alive in 20 to 30 years I suggest you dig your cave deep, deep into the mountain to avoid the coming clusterfuck.
Also see these stories:
Robots and computers abolish jobs and Robotics revolution to replace most human workers.
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| . The Fight Club Economy. The classic cult movie Fight Club rips into the insane corporate advertising driven consumer culture as both destructive to our lives and unsustainable. We may soon be living the words of Tyler Durden as our economy tanks. |
Tyler Durden: We're consumers. We are by-products of a lifestyle obsession. Murder, crime, poverty, these things don't concern me. What concerns me are celebrity magazines, television with 500 channels, some guy's name on my underwear. Rogaine, Viagra, Olestra.
Narrator: Martha Stewart.
Tyler Durden: Fuck Martha Stewart. Martha's polishing the brass on the Titanic. It's all going down, man. So fuck off with your sofa units and Strinne green stripe patterns.
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