On Tue, 17 Sep 2013 22:06:00 -0500, Ignoramus2837
wrote:

On 2013-09-17, Larry Jaques wrote:
On Mon, 16 Sep 2013 10:20:56 -0500, Ignoramus14718
wrote:

On 2013-09-16, Pete C. wrote:

Ignoramus8750 wrote:

http://www.technologyreview.com/view...mputerization/

Report Suggests Nearly Half of U.S. Jobs Are Vulnerable to
Computerization

The thing that is missed in many of those articles is that many of the
automatable jobs cease to exist when the jobs are not available to human
workers who can then earn an income and be consumers for the products of
the jobs. It doesn't matter how many widgets your automated factory can
produce when there are no buyers for them.

This is exactly right. It is a new equilibrium. The old equilibrium
was, workers worked at factories to make goods that then are sold to
those same workers.

The new equilibrium is, workers are not needed to make goods, which
are no longer made to sell to workers, since the workers have no
money to buy goods.

Exact same thing applies to services.

This is all why I m very worried about the future.

I'd start restocking that home shop of yours, Ig.
Damn the Wifey, Full Speed Ahead!


This will go on on the scale of decades, the food will go stale.

i
Actually..not if its the proper foods and its been packed properly.

I have #10 cans filled at a Mormon packaging place that were filled in
the late 1990s that we eat regularly. They were filled and then
packed with an inert gas before sealing.

I was given about 900 lbs of such food stuffs about a year ago by one
of my clients, a Mormon who owns a machine shop. I am feeding 9
people..and its come in very handy.

Gunner

"The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state.
Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic
problem of Socialism, until it becomes obvious that nothing has been changed but the name.
The most recent slogan is "State Capitalism."[Fascism] It is not commonly realized that this covers nothing more
than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy,
and State Socialism diverge only in non-essentials from the "classic" ideal of egalitarian Socialism. - Ludwig von Mises (1922)