I've Been Warning Y'all....Many Low Skill Jobs Will Soon Disappear

[Revoltingest]

Thanks for the fruble.....ehhhh...whats a fruble brother Revoltingest? I want to give you one back, well if they are a good thing ~

A "frubal" is the ancient RF term for what is now called a "like".

 

[Brickjectivity]

Since you have a few (recent it sounds like) semester hours under your belt I would like to ask you how could (or would) our government stop a run on the banks? I don't expect social unrest will be caused by a total failure of the economic system ie the population losing trust and demanding their money in currency. I do fear a natural or man made EMP (electro magnetic pulse) which would be disastrous. In fact I do not expect any huge scale or extinction level event on the horizon, still an extra case of food canned and dry, some C notes and silver quarters etc would help tide anyone over if something did happen.....

Peace ~

My understanding is that the Fed can instantly lend money electronically to any bank. This is called a 'Check', but its just electronic credit, and its equivalent to printing money. Usually it is as a loan which momentarily expands the amount of money in existence. In addition the Fed can send a truckload of paper cash to a bank if there is a run on that bank for cash. So for example suppose that all the fast food restaurant owners in a city decided to pull a lot of money out of a bank, then there could be some waiting however the cash would probably arrive in time to prevent a panic.

Banks have a certain required percentage of cash that they are required to keep. Its much, much less than what they are allowed to lend. In addition a lot of borrowed money returns to the banks as savings and is then lent again while the original loan is still out. Now if all those with savings on a given day decided to pull their money out, they would indeed have to wait in line for cash trucks to arrive; however most banks require written notice days in advance before large withdrawals.

 

[Shadow Wolf]

Buy Raspberry Pi 3's and welders and saws.

Not just Rasperry Pi (the main downside of 3 for now is they are not easy to overclock), but also a Teensy. You wire the two together and the options for what you can do are increased tremendously. Arduino also has some chips that are highly versatile, and used from everything from gaming controllers to a variety of mechanical devices/tools to robots capable of various functions. And with 3D printers becoming more common, our possibilities may be endless in the near future.

 

[Brickjectivity]

Not not Rasperry Pi (the main downside of 3 for now is they are not easy to overclock), but also a Teensy. You wire the two together and the options for what you can do are increased tremendously. Arduino also has some chips that are highly versatile, and used from everything from gaming controllers to a variety of mechanical devices/tools to robots capable of various functions. And with 3D printers becoming more common, our possibilities may be endless in the near future.

Nice! I did not know about that.

 

[MrMrdevincamus]

A "frubal" is the ancient RF term for what is now called a "like".

Thank you! I am fairly new to the social part of the net, and in real life ...or is this real life hmmm' Do I suppose to thank those that give me a 'like' etc? I do appreciate all.

 

[MrMrdevincamus]

My understanding is that the Fed can instantly lend money electronically to any bank. This is called a 'Check', but its just electronic credit, and its equivalent to printing money. Usually it is as a loan which momentarily expands the amount of money in existence. In addition the Fed can send a truckload of paper cash to a bank if there is a run on that bank for cash. So for example suppose that all the fast food restaurant owners in a city decided to pull a lot of money out of a bank, then there could be some waiting however the cash would probably arrive in time to prevent a panic.

Banks have a certain required percentage of cash that they are required to keep. Its much, much less than what they are allowed to lend. In addition a lot of borrowed money returns to the banks as savings and is then lent again while the original loan is still out. Now if all those with savings on a given day decided to pull their money out, they would indeed have to wait in line for cash trucks to arrive; however most banks require written notice days in advance before large withdrawals.

Well that makes me feel somewhat better....kinda' but remember hyperinflation of early Germany, where it took a dump truck of money to buy a little food. In any case I don't have the kind of money that I worry about it. I am finally debt free own my house . There are rare times I end up with over 10K cash and even that modest amount does not go in the bank. I just buy things I think will appreciate in value like quality tools guns etc.

 

[Revoltingest]

Thank you! I am fairly new to the social part of the net, and in real life ...or is this real life hmmm' Do I suppose to thank those that give me a 'like' etc? I do appreciate all.

Some do.
Some don't.
It's up to you, & proper either way.
Although I've annoyed a couple here & there because thanking them causes those pesky alerts.

 

[Revoltingest]

In the news, countries begin to grapple with the future....
News from The Associated Press

PARIS (AP) -- I am, therefore I'm paid.

The radical notion that governments should hand out free money to everyone - rich and poor, those who work and those who don't - is slowly but surely gaining ground in Europe. Yes, you read that right: a guaranteed monthly living allowance, no strings attached.

 

[Shadow Wolf]

In the news, countries begin to grapple with the future....
News from The Associated Press

If we don't completely revolution our approach to economics, jobs, and wages/salaries, that's probably going to become more the norm as more and more jobs are replaced. I also worry that may stagnate technological development if people become too afraid to develop and program more and more human replacements.

 

[Revoltingest]

If we don't completely revolution our approach to economics, jobs, and wages/salaries, that's probably going to become more the norm as more and more jobs are replaced. I also worry that may stagnate technological development if people become too afraid to develop and program more and more human replacements.

I don't expect that fear to arise.
More likely we'll head towards some perverse version of the Star Trek economy.

 

[Shadow Wolf]

I don't expect that fear to arise.
More likely we'll head towards some perverse version of the Star Trek economy.

I know. And it's just so Socialist-Communist in nature, of a post-scarcity and post-material want society that even satisfies Marx's view of a moneyless society.

 

[Revoltingest]

I know. And it's just so Socialist-Communist in nature, of a post-scarcity and post-material want society that even satisfies Marx's view of a moneyless society.

It's more likely to be a capitalist structure with a welfare system.
Marx would hate it because of the difficulty in oppressing people.

 

[Shadow Wolf]

It's more likely to be a capitalist structure with a welfare system.

It's said their economy has no money, no poverty, and no material wants. Capitalism cannot possibly exist under such condition.

Marx would hate it because of the difficulty in oppressing people.

Marxism isn't repressive. If you think it is, you are very misinformed. Under "true" Marxism, there is no money, no class, and no state. There is no ownership. There is also an equal obligation to work, and likely even more motivation to do a better job than under our industrialized capitalism as it is truly "your work," and not you pushing buttons.

 

[Revoltingest]

It's said their economy has no money, no poverty, and no material wants. Capitalism cannot possibly exist under such condition.

Marxism isn't repressive. If you think it is, you are very misinformed. Under "true" Marxism, there is no money, no class, and no state. There is no ownership. There is also an equal obligation to work, and likely even more motivation to do a better job than under our industrialized capitalism as it is truly "your work," and not you pushing buttons.

In the Star Trek economy, there is much private enterprise, eg, traders.
Marxism has no example of existing or even reaching a stage of
existence which isn't horribly authoritarian.

 

[Shadow Wolf]

In the Star Trek economy, there is much private enterprise, eg, traders.

On Earth, there couldn't be much enterprise going on if there is is no money and no profit motive. Things such as investments have been rendered obsolete and worthless.

Marxism has no example of existing

That is pretty much the general consensus of political scientists. It's never been brought to fruition, and what we've seen as "Communism" have been twisted perversions of Marxism.

 

[beenherebeforeagain]

Well, Quark, Rom and the other Ferengi certainly are engaged in enterprise (heh heh...see what I did there???) and are seeking a profit. And Picard did admit to recognizing the profit motive and hinted that humans and the Federation also look for benefits from their interactions with others...

 

[Twilight Hue]

I don't expect that fear to arise.
More likely we'll head towards some perverse version of the Star Trek economy.

Another case of sci fi becoming a reality.

 

[Revoltingest]

On Earth, there couldn't be much enterprise going on if there is is no money and no profit motive. Things such as investments have been rendered obsolete and worthless.

That is pretty much the general consensus of political scientists. It's never been brought to fruition, and what we've seen as "Communism" have been twisted perversions of Marxism.

The lack of need wouldn't stop entrepreneurs from wanting to run a business.
From a system response standpoint, non-oppressive Marxism looks extremely improbable to occur.

 

[Jeremiahcp]

In the news today.....
How robots will kill the 'gig economy'

Of course, many others notice that automation & smart machines will upset the apple cart.
So I get no credit for stating the obvious.
But I've been yelling about it a lot....& will continue.
I've no solution.
Anyone?

Education, humanitarian services and military are key. This would be an opportunity to move people in a better direction.

We need to open up higher education to everyone, free of charge. We need to revamp k - 12 education. There is no reason we can't train mass amounts of highly skilled people. Advanced degrees should no longer just be for the few. It should be normal for everyone to have a higher education and a specialty. Even if they never use it. This would also create many jobs in education.

We would need to lower the retirement age to help reduce the labor pool, and with the addition of a free higher education young people would not join the labor pool until they are older. These are two ways we could reduce the labor pool in an effective manner.

There is still much to explore and learn. Still many problems in this world that need attention.
There no need to just hand everyone a free income. You allow them to earn it by using their education and getting a job paying taxes. By joining the military, by joining a government ran humanitarian service or though some other type of public service. Then you find ways to lower the retirement age to adjust the labor pool.

I am sure there are other things we are not thinking about. A surplus of labor is not entirely a bad thing; we just need to figure out how to use it.

 

[Thief]

Education, humanitarian services and military are key. This would be an opportunity to move people in a better direction.

We need to open up higher education to everyone, free of charge. We need to revamp k - 12 education. There is no reason we can't train mass amounts of highly skilled people. Advanced degrees should no longer just be for the few. It should be normal for everyone to have a higher education and a specialty. Even if they never use it. This would also create many jobs in education.

We would need to lower the retirement age to help reduce the labor pool, and with the addition of a free higher education young people would not join the labor pool until they are older. These are two ways we could reduce the labor pool in an effective manner.

There is still much to explore and learn. Still many problems in this world that need attention.
There no need to just hand everyone a free income. You allow them to earn it by using their education and getting a job paying taxes. By joining the military, by joining a government ran humanitarian service or though some other type of public service. Then you find ways to lower the retirement age to adjust the labor pool.

I am sure there are other things we are not thinking about. A surplus of labor is not entirely a bad thing; we just need to figure out how to use it.

the first two.....ok
I'm not real big, on big business of war weapons