Robotics, Unemployment, and Loss of Jobs

OldTrapper said:
Just as a question, do you understand how Plutocracies come into existence, or Oligarchies?
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Yes

Have you ever seen a country run by poor people?
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No

What is the difference between Attila and Shaka Zulu and Vlad Putin and Fidel Castro ?

Nothing.

There will never be a country run by poor people as poor people haven't the interest in doing it nor the capability. They certainly could, they have the numbers, and yet they do not.

Now sure you have things like the French Revolution or the ugliness in Russia but this was nothing more than one group of greedy guys changing seats with other greedy guys.

Some things never change. You dont have to like it but its pointless to whine about it as though it were new or different. It is how we are and ever shall be.
 
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dogtowner said:
if you did nothing to increase your value then inflation deflation whatever were going to have that effect. no such thing as treading water its either moving forward or back.

this was the flaw in the union model. they assumed that there would be no improvement in a worker but instead of compensation going down they wanted it to go up. even took to violence to force it. now they're griping that robots take their places and STILL dont take the opportunity to be who maintain/programs those robots.
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productivity of Workers has skyrocketed...wages fallen...work harder...make more for the top...get axed...The American dream.
 
pocketfullofshells said:
productivity of Workers has skyrocketed...wages fallen...work harder...make more for the top...get axed...The American dream.
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There is a lot of truth in that.

Problem is you want more government to make things more equitable and that will not work as evidenced by our current situation....ie,....The greedy bastards on Wall Street tank the economy. Who bails them out? Government. The bastards are doing better than ever. Americans not so much.

If free market capitalism were in effect, many of those greedy bastards would be out of business and some would be languishing in prison. Sadly, in a Kleptocracy, which is what America is today, the rich get richer and poor get poorer. Get use to it because it is only going to get worse.

Case in point....JP Morgan Chase just released earnings. Record earnings even after the LIBOR Scandal and The London Whale. Government has put them above the law. What happens when wealthy powerful people KNOW they are above the law?
 
dogtowner said:
hmmm...

as union labor gas withered productivity improved. imagine that.
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I see you just ignore that pay dropped.....I guess your happy with more pay for less work. ( productivity did not go up do to less unions as it went up accross the board, even in none union jobs. But so long as the rich make more, your happy. Screw the workers.
 
pocketfullofshells said:
I see you just ignore that pay dropped.....I guess your happy with more pay for less work. ( productivity did not go up do to less unions as it went up accross the board, even in none union jobs. But so long as the rich make more, your happy. Screw the workers.
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Pay down.due partly to unions going sway and mainly because the relstive.value of the work fell.

its known as competition. if you want to make more you need to make yourself more valuable. and ss there is.no such thing as staying the same, you should expect your worth to decline absemt effort on your part to better your worth.

if wealthy people are doing better its because they stay ahead of changing market forces. not all wealthy oeople do this and they lose eealth as a result.
 
BigRob said:
Adapt or fail...its fairly simple.
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No. Not in the system now in place in America. Corrupt poorly run banks, car companies, insurance companies, etc...are too big to fail...so government bails them out, while F-ing most Americans. In essence, failure is rewarded if you are big enough and have big connections in DC. This is what a Kleptocracy is and this is America today.
 
Gipper said:
No. Not in the system now in place in America. Corrupt poorly run banks, car companies, insurance companies, etc...are too big to fail...so government bails them out, while F-ing most Americans. In essence, failure is rewarded if you are big enough and have big connections in DC. This is what a Kleptocracy is and this is America today.
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99.9% of companies that fail get no bailout. And the few that did should not have.
 
I think most folks would be surprised by some of the variables that effect productivity. Robotics typically effect "efficiency" and/or "quality", and can often effect both direct and indirect labor. In other words, if a Company latches onto a worthwhile robotic improvement, the effect would be to reduce the number of hours needed to accomplish manufacturing, product-development, and/or administrative tasks. Some Companies are very labor intensive, while others are often at the mercy of their raw-material suppliers and purchased-parts suppliers. Other costs that effect productivity are healthcare-insurance costs, taxes, maintenance, R&D, and regulatory costs. Productivity isn't simply a matter of hourly-rates and labor hours.

Smart Companies carefully calculate the effects of robotic projects before implementing them. Effective robotic projects reduce labor hours. Smart Companies plan how to make best use of that increased efficiency. Do we reduce the number of workers because our market's not expected to expand? Do we maintain the same number of workers because we know we can expand our production because we're more competitive due to lower unit-costs? Is our potential market large enough to allow us to add workers, since our costs are now more competitive? Based on the decreased hours needed to produce product, can we pay workers more per-hour while maintaining or increasing our profit margin?

I walked-through a theortical example of a Company's cost structure to gauge the effects of some variables on the Company's productivity. The calculations are theoretical, since the costs for material, labor, G&A, benefits, etc., vary enormously from one industry to another.

Reducing ONLY the hourly rate paid to direct hourly workers by +10% increased productivity by +1.3%. Increasing ONLY direct-labor efficiency by +10%, increased productivity by +1.5%. Increasing ONLY the overhead-burdens to reflect the cost of Obamacare, DECREASED productivity by -2%. I'd loved to have tried to account for regulatory costs, but there are no worthwhile data that I've found. Allowing politicians to construct laws, the effects of which they are ignorant, is a great way to screw business productivity.
 
BigRob said:
99.9% of companies that fail get no bailout. And the few that did should not have.
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What do you mean a "few that did should not have"?

All those green companies contributed heavily to Obama and the Socialist Democrats.

They earned that taxpayer funded kick back .... I mean bail out fair and square! ;)
 
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Texas_tea said:
What do you mean a "few that did should not have"?

All those green companies contributed heavily to Obama and the Socialist Democrats.

They earned that taxpayer funded kick back .... I mean bail out fair and square! ;)
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The few that did get bailouts should not have. In terms of subsidies, that is a different issue for me.
 
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