Quote:
Originally Posted by jayswin
The tragedy in discussing housing fixes is that the real future likely holds a slow (already happening) then suddenly quick eroding of available jobs for the population across almost all industries due to automation with more unemployed than anyone alive has seen.
Followed by a catastrophic housing crash, then a new society filled with mass unemployment, violence and uprisings against governments and anyone that has money left.
|
This has been the refrain since Henry Ford and the onset of the industrial revolution: automation will replace jobs and unemployment will skyrocket. Yet unemployment continues to find new lows, and standards of living keep rising. It is easy to see that jobs that will be lost due to technological advancement, but it is impossible to see the new jobs that new technologies and advancements create. But create they do.
There should be plenty of opportunities providing services to all those old, fat, wealthy, retired boomers - come on, millennials, THINK!