Whither Goest the American Job Market?
It’s hard to imagine a soft landing for the American worker over the course of the next few decades, due to automation, artificial intelligence, wage stagnation, offshoring, declining educational standards, and the influx of well educated Asians. As we’re seeing, poor education tends to re-enforce itself when people become so ignorant that they vote against their own best interests.
Having said this, the automation of tedious work tasks is pretty cool to look at, an assertion proved by this video.
Craig,
I’m curious, right now the US is experiencing the highest levels of employment and wage growth for over 40 years and yet you are still complaining.
What’s even more amazing is wage growth is being achieved without accelerating excessive inflation.
You would be celebrating these are economic conditions with enthusiasm if achieved under any other administration. The economy continues to grow with a confidence that defies historical precedents and naysayers like yourself.
Don’t be so mean-spirited as to berate your fellow American, even if they are only blue collar workers, for the improvement in his lot in life.
More importantly, blue collar workers once written off as ‘permanent welfare recipients’ by previous administrations, are for the first time in generations included in improved economic conditions.
I’m not quite sure why you are so fearful of “an influx of law abiding, legal well educated Asians” contributing money and skills to the US economy, but enthusiastic about illegal Central and South Americans adding to the economic burden.
AI and automation are certainly raising the bar with advanced technology, yet each advancement provides new opportunities for human unemployment.
The Luddites of the 18th and 19th century, saw advancing technology as an evil which would destroy the world as they knew it. Like you, they were too fearful to grasp the opportunities and prosperity provided by economic expansion.