keeping all these people in work when Job automation really hits would be another story
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I actually think a Universal Basic Income will help with that.
We basically pay each other for stuff that we value. If robots are doing all the jobs we’ve traditionally taken for granted, all that will happen is that we’ll value something else.
We won’t stop spending money, or trying to make extra money, or valuing what others do for us, and I suspect only a small minority of sad bassas will take it as an invitation to sit on their erses watching tv all day. Did a job like "personal trainer" even exist 50 years ago? Maybe some rich people had one, but now some people doing fairly ordinary jobs have one ( not me, I hasten to add).
Ha-Joon Chang’s theory is that Scandinavia has a much more flexible labour-market than other countries, and that contributes to their economic success. Especially, he thinks, more flexible than America’s (and Trump has been voted in by people who want to turn the clock back, and bring the old jobs back).
The reason he thinks the labour market is more flexible in these countries is that people aren’t nearly so afraid of losing their jobs, because the welfare is so good, and because they don’t lose their medical cover with it.
Welfare tapers downwards the longer you are out of work, so what people tend to do is use the first year or two to re-train , acquire new skills, create new jobs, etc. So long as they don't take too long over it, they can do it without damaging the lifestyle of their families too much.
Whereas we tend to think that if we do that, everyone will just sit on their erses all day watching the Simpsons. There are a minority who will do that (and their welfare will taper off quite quickly), but Ha-Joon Chang’s theory is that we shouldn’t organise the economy just to deal with those people. Most people want to do things.
Effectively, what he’s saying is that the Scandinavian welfare system is a kind of prototype for how Universal Basic Income could work after automation has taken all the traditional jobs. He likens it to a company investing in new plant....you set money aside to do it.
What's not going to work is if people are just dumped at the bottom of the food-chain , with low-grade service jobs and stagnating wages, as is happening now. There are going to be ructions, if that continues (if there aren't already), and I'll be amazed if Trump's attempts to turn the clock back turns out to be the correct solution to that.
MP's
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posted on 1/3/18
Comment deleted by Site Moderator
posted on 1/3/18
Comment deleted by Site Moderator
posted on 1/3/18
keeping all these people in work when Job automation really hits would be another story
==========================================================
I actually think a Universal Basic Income will help with that.
We basically pay each other for stuff that we value. If robots are doing all the jobs we’ve traditionally taken for granted, all that will happen is that we’ll value something else.
We won’t stop spending money, or trying to make extra money, or valuing what others do for us, and I suspect only a small minority of sad bassas will take it as an invitation to sit on their erses watching tv all day. Did a job like "personal trainer" even exist 50 years ago? Maybe some rich people had one, but now some people doing fairly ordinary jobs have one ( not me, I hasten to add).
Ha-Joon Chang’s theory is that Scandinavia has a much more flexible labour-market than other countries, and that contributes to their economic success. Especially, he thinks, more flexible than America’s (and Trump has been voted in by people who want to turn the clock back, and bring the old jobs back).
The reason he thinks the labour market is more flexible in these countries is that people aren’t nearly so afraid of losing their jobs, because the welfare is so good, and because they don’t lose their medical cover with it.
Welfare tapers downwards the longer you are out of work, so what people tend to do is use the first year or two to re-train , acquire new skills, create new jobs, etc. So long as they don't take too long over it, they can do it without damaging the lifestyle of their families too much.
Whereas we tend to think that if we do that, everyone will just sit on their erses all day watching the Simpsons. There are a minority who will do that (and their welfare will taper off quite quickly), but Ha-Joon Chang’s theory is that we shouldn’t organise the economy just to deal with those people. Most people want to do things.
Effectively, what he’s saying is that the Scandinavian welfare system is a kind of prototype for how Universal Basic Income could work after automation has taken all the traditional jobs. He likens it to a company investing in new plant....you set money aside to do it.
What's not going to work is if people are just dumped at the bottom of the food-chain , with low-grade service jobs and stagnating wages, as is happening now. There are going to be ructions, if that continues (if there aren't already), and I'll be amazed if Trump's attempts to turn the clock back turns out to be the correct solution to that.
posted on 2/3/18
Totally agree, poor wages = poor quality MPs
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