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View Diary: The Day America Stopped Hiring (214 comments)

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  •  One of the great falsehoods peddled by our (13+ / 0-)

    overlording elite is that "because of technology, we don't need as many people to do the same things." This seems to be starkly dishonest. As long as we have people, we will need to do things. Perhaps different things, but things will still need to be done. In fact, the more people we have, the more things need to be done because not everyone can do everything themselves.

    The key problem we have in our economy is that aggregate demand for the things we need and want is not exceeding the supply capability or capacity. This is why the labor force participation is so low. The simple solution to our economic problem is increase aggregate demand by doing what seems most obvious: giving people money and services for the things they need and want. Once you do that, all this talk about "we don't need all these people" will quickly disappear and we will be back to "we don't have enough people."

    •  While there is certainly something to the argument (2+ / 0-)
      Recommended by:
      Sparhawk, Alumbrados

      that tech advances replace labor, the bigger issue there is probably population growth & consumption in general.  We need to have policies that promote smaller familes in the interest of a long term sustainable human population, & that over time will raise the wages of the smaller resulting labor pool.

      But to your point, there's real employment potential in, for example, a future indoor/vertical farming economy where tech still does a lot of the work, but human hands are nonetheless required, as they replace the big-harvester-tech of our present, unsustainable monoculture corn & soy fields.

       

      It's time to start letting sleeping dinosaurs lie, lest we join them in extinction by our consumption of them.

      by Leftcandid on Sat May 04, 2013 at 08:44:57 AM PDT

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      •  Mitt's recent college commencement speech (1+ / 0-)
        Recommended by:
        Leftcandid

        recommended that young women go and crank out multitudes of babies. The right has a great fear that since some Asian,  Latin American, and Muslim countries have higher fertility rates, we are doomed, so we must, WE MUST, have more white people in America.  

        So many recent grads can't find jobs with liveable wages now, my son is one of them.  Some fellows I hang with are in their 50's and have been out of work for years, and the sad reality is they may never find full-time, benefit-paying, work again.

        I cut-and-pasted Betty Pinson's list of legislators, and will spend time contacting them.  
        thanks Betty!
         

        "The will must be stronger than the skill." M. Ali

        by awhitestl on Sat May 04, 2013 at 11:58:57 AM PDT

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    •  On that "because of technology..." thing... (10+ / 0-)

      That's the excuse they made when manufacturing jobs began disappearing. I suppose some manufacturing jobs were in fact replaced by robotics and new methods, etc.
      Roads, bridges, and buildings in general, both public and private need a lot of work, and that's not work done by robots. I'm talking about the roads, bridges and buildings that aren't near Wall Street.
      We need a new WPA and CCC to rebuild all this stuff, the people who get paid from those projects need food, housing, general goods and maybe a little recreation, so the money they spend in those areas will prop up those industries. That's a virtuous cycle. It will sustain itself, but the investment in these areas has been on a steady decline for the past 30 years. All the money has gone into the "investors'" pockets, and they haven't been reinvesting it, they've been hoarding it.
      Which brings me to a "wealth tax" on money that's just sitting there. For the economy to function correctly, the money has to move.

      Everybody got to elevate from the norm....

      by Icicle68 on Sat May 04, 2013 at 09:07:24 AM PDT

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    •  Well, first thing that comes to mind (7+ / 0-)

      is that not all demand is for consumer items. There is a real need (or demand) for infrastructure repair, upgrades, and modernization. The demand is there even if it is not a consumer demand. The workforce is available to fill that demand. But it requires investment by the government. The will to invest in our own country and its people is lacking.

      "Growing up is for those who don't have the guts not to. Grow wise, grow loving, grow compassionate, but why grow up?" - Fiddlegirl

      by gulfgal98 on Sat May 04, 2013 at 09:08:17 AM PDT

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