NobodyisFlyingthePlane is about the things we get wrong as a country which we stubbornly refuse to recognize.
Our jobs issues are not about globalization. They’re about automation. Yeah, yeah, yeah…’you can’t stop it.’, but you can manage it in ways that reduce the harm.
“Just allowing the private market to automate without any support is a recipe for blaming immigrants and trade and other things, even when it’s the long impact of technology,” said Mr. Katz, who was the Labor Department’s chief economist under President Clinton.
There are things we can do without restraining progress, they’re just not attention grabbing like restricting trade.
Labor economists say there are ways to ease the transition for workers whose jobs have been displaced by robots. They include retraining programs, stronger unions, more public-sector jobs, a higher minimum wage, a bigger earned-income tax credit and, for the next generation of workers, more college degrees. Few are policies that Mr. Trump has said he will pursue.
It’s not just factory jobs that are at risk.
Existing technology could automate 45 percent of activities people are paid to do, according to a July report by McKinsey.
We need to prepare for a world in which many many more people are not capable of making meaningful contributions to the economy.
Forty-five percent unemployment without some form of income for those who don’t or can’t contribute would be catastrophic.
The Long-Term Jobs Killer Is Not China. It’s Automation. http://nyti.ms/2ieZNXt