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Ed Huntress Ed Huntress is offline
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Default A billionaire explains the middle class

On Sat, 27 Dec 2014 02:08:54 -0800, "Howard Beal"
wrote:


"Ed Huntress" wrote in message
.. .

We'll see what happens. My guess is, like what happened in the 1930s,
the people of the United States are not going to let their lives be
ruined because free-market theorists think they're economic market
objects to be "cleared." It's not a settling thought.

Ed Huntress


Seems there is already a big push in many states to implement right
to work legislation, now that repbulicans have control in washington
i believe they will try to revise federal labor laws to benifit the job
creators. Depending on who becomes president in 2016 things could
get much worse for labor. Iggy is correct technology will replace
much of the unskilled labor we use today. For example in near future
people that depend on driving for thier income will become obsolete,
same thing will happen with the airline industry, pilotless planes are in
our future. If AI ever becomes a reality the entire global ecconomy
will change, even ecconomists will be unemployed. G

Best Regards
Tom.


Iggy is right about the direction in which things are going, absent
any policy changes. But I doubt if the American people are going to
ride that technology- and ideology-driven death train all the way to
the bottom.

There will be a populist revolt -- a political one, not a violent one.

--
Ed Huntress