|Homeless encampment along South Front Street, |
Happy un-Labor Day
We are the last generation that will remember
a wealthy middle class. Welcome to poverty.
Enjoy your Labor Day BBQ. I expect the holiday to be abolish in the near future as jobs vanish and only a few people still labor.
The middle class as we know it is doomed.
Everyday we see yet another story. The growth of the Internet, robotics, artificial intelligence and outsourcing of jobs is abolishing jobs in all sectors by the tens of millions.
Robots/computers/Internet have replaced auto workers, travel agents, book store workers, bank tellers to name just a few and job destruction is only picking up speed.
The real unemployment that government pretends not to exist keeps growing.
- Wall Street Journal - During the past half-century, work rates for U.S. males spiraled relentlessly downward. America is now home to a vast army of jobless men who are no longer even looking for work—roughly seven million of them age 25 to 54, the traditional prime of working life. Or look at the fraction of American men age 20 and older without paid work. In the past 50 years it rose to 32% from 19%, and not mainly because of population aging. For prime working-age men, the jobless rate jumped to 15% from 6%. (More)
Our middle class is being eaten alive by robotics and the Internet abolishing jobs. In Britain alone some 1,600 bank branches have recently been closed putting thousands out of work. In Australia another 315 banks were closed.
Multiply these bank closures around the world and then add in other sectors of the economy and see how screwed we really are.
What happens when a young person graduates high school or college and there are no jobs to even apply for?
Open Borders Immigration
The 19th century and its need for imported labor is long dead and buried. But the mouth-breathing political hacks want to drive down the wages of the jobs that are left with open borders and endless legal and illegal immigration.
Politicians are on the payroll of open borders Wall Street interests. In a recent article Breitbart points out that in 2013 Senator Ted Cruz proposed amendments quintupling H-1B vistas from 65,000 to 325,000 people per year.
That is a payoff to business campaign contributors who want cheap labor. No more. No less. American citizen workers be damned.
In addition, the New York Times reports Cruz proposed increasing the number of green cards from 675,000 to 1.35 million annually. Cruz also wants to eliminate the per-country limit so to allow even more workers to enter from India, China and Mexico.
The Elites want to flood America with cheap labor and abolish the middle class.
"Free Trade" Kills Jobs
As if computers and robotics are not enough, both parties are trying ram through more "free trade" agreements like NAFTA where middle class jobs are shipped to Communist dictatorships like Vietnam.
Only Donald Trump and Governor Mike Huckabee even addressed the issue.
On the TPP Huckabee said, “I think there is an obvious question here – if this trade bill is going to create so many jobs and be so good for American workers, why are we setting aside billions of dollars to protect people that are going to lose all of these jobs that we’re supposed to create? I have not heard anyone address that”.
Between technology and the open borders interests who buy Congress I do not see a future for the American middle class.
For my children I see a world that looks much more like The Hunger Games. Wealth will be concentrated with the Elite Oligarchs while the average person lives in poverty out in the districts and "peace" is maintained by a centralized 1984 police state.
My family is going to enjoy our Labor Day BBQ today, but I seriously doubt my grandchildren will even have a job to take a vacation from.
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.
|Robot workers learning much needed cooking and Terminator skills.|
|Now unemployed bus drivers|
Giant multi-national corporations are not spending mountains of cash on driverless vehicles so you spend time playing with your toy phone while in the car. Corporations want to fire millions of taxi, bus and truck drivers and replace them with robots that never get paid or pay taxes into the system.
In the photo above Lyon, France is rolling out driverless public buses. (More)
To "protect" human soldiers from harm the brain dead politicians are spending billions on robot, self aware Terminators. Maybe we deserve to go extinct.
"Gort! Klaatu barada nikto!"Call me crazy, but I don't think your "safe words" are going to work.
Moronic humans just can't stop themselves. We keep inventing ever more lethal methods of extermination. It is only a matter of time. We are doomed.