below. Although it takes a long time and a lot of bankers
to totally ruin an economy, people like Mish are
making it happen.
They argue that we should not resist, for it is futile.
That is the market, and governments should get
out of the way.
That is so full of holes, I'll just tackle a few here.
Firstly, it was tax breaks for robots that made them
more affordable, and now more affordable than
humans.
Who does it help when a manufacturer uses
nothing but robots? Does it help society ,
generally? I don't think so.
Same goes for computers in the workplace.
I knew as a kid, this was not going to end well.
This is without taking China into consideration.
If everything is made by robots, then you
better be working for a robot manufacturer,
or else your work is precarious.
Trade with Dave has addressed the Mish-style
argument well, and the Quartz has pitched in.
I'll add these below, but I remember a cartoon
[from before the age of scanners and I wouldn't
know where to find it] that shows a man and
his wife supervising a whole factory of
robots building cars, and a journalist asking
them "so, who's gonna buy your cars?"
Dave uses the same Robot named Baxter,
but without the Big-Bang style cheerleading
for the Robot Team from Hell.
http://tradewithdave.com/?p=15503
Over there, you have the idiot talking heads
glibly saying how they will replace humans.
and a 3d printer that can build a house.
THE "FACE" OF HATRED
and then there's the Quartz saying it
clearly how humans are going the way
of the dodo, as far as manufacturing is
concerned. I have one question for
people who were born into this
environment and can't find a job:
Do you want fries with that?
http://qz.com/53710/robots-are-eating-manufacturing-jobs/
title: How robots are eating the last of America’s—and the world’s—traditional manufacturing jobs
By Christopher Mims — February 15, 2013
BTW, all of us, employed and not, have
to re-learn basic human skills, like building
and maintaining a house. I don't care if it's
a cave, we cannot be slaves to the banks
and the home manufacturers and the Ponzi
scheme that is the Real Estate market.
Before the advent of general mortgage credit,
people got mortgages for 10 and 15 years,
and that was enough to buy a sufficiently
big house.
Now, er, recently, we had unlimited credit
but houses are 400% too expensive as a
result of the bubble, and we buy homes
which are too big, again, because we
pay for it with a loan, and years of our
labour. There has to be a better way.
