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View Diary: Economics Works Backwards Now (192 comments)

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  •  I think that this production you are referring to (4+ / 0-)

    is somewhat of an illusion.  Sure upgraded tooling in manufacturing requires fewer hands on workers for some things but those workers in the third world are notoriously putting in brutal inhumane hours.
    The work itself has become unevenly distributed along with the wealth.  The labor goes to the most desperate and wealth created by that labor goes to a few on the top.  
    More people could be working for fewer hours at living wages.

    •  actually this too is true (0+ / 0-)

      in many places, technology has created greater productivity and displaced the worker, but the shadow of that problem is the much worse problem of the sweatshop

      Nowhere do I understand that national security is a substitute for the law.---Thomas Drake You cannot tell from appearances how things will go.--Winston Churchill

      by SouthernLiberalinMD on Tue Sep 13, 2011 at 07:17:31 AM PDT

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    •  That's only because (2+ / 0-)
      Recommended by:
      cybersaur, opinionated

      At this point they are cheaper than automation, as the technology improves eventually even they will be replaced.

      Other than that you are correct, the problem is that the people in power don't see any benefit to changing the system since they don't have anything to gain and everything to lose from changing the system.

    •  off-shoring is temporary (4+ / 0-)
      Recommended by:
      Calamity Jean, cslewis, Pluto, opinionated

      At least I think so. In the long run, a job that can be outsourced can be programmed. At the moment, paying peanuts to Asians is the cheapest way to get many simple jobs done. But eventually machinery will be cheaper than even a subsistance wage.

      So the job won't come back, it will just vanish.

      Read the Weekly Sift every Monday afternoon. http://weeklysift.com

      by Pericles on Tue Sep 13, 2011 at 08:25:43 AM PDT

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