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Old 03-26-2018, 11:11 AM   #4972
Tyrone Slothrop
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Join Date: May 2004
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Re: For Adder

Quote:
Originally Posted by sebastian_dangerfield View Post
It says the following:

1. New jobs will inevitably emerge, following the old rule;
2. However, there will be a prolonged interim period in which we'll see enormous unemployment and possible radical govt interventions;
3. This will be a very bleak period, particularly for labor replaceable via outsourcing and automation;
4. It is possible things may work out differently, as with any prediction, but this one is given with a fair amount of confidence given the obvious demographic data and economic trends.

You could say, yes, it predicts that Adder will be right at some point in the more distant future. That point, however, appears to fall into Keynes' "long run" where "we'll all be dead." The study supports my theory that you, me, everyone here, will get to live the majority of the rest of our lives through what I'd call "the interim."

I don't plan on seeing 2060.
I thought the big question is, where will things be on net given that automation will eliminate some jobs and create others? When I looked at the summary, I didn't see that issue addressed, and more generally I didn't see a whole lot of discussion of the job creation side. What did I miss?
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