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Thread: The old solutions to economics....won't work anymore-

  1. #51
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    Quote Originally Posted by galatin View Post
    Certainly wrong...... You can manufacture more sophisticated products burning less energy etc.... replacing the present ones Tesla is a good example of that and electric planes in the future will probably become something common..... For that you have to make huge investments in development and these investments mean jobs. If I look at the difference between French industrial production and the Swiss one, beside industries like Airbus and some other big playes, most companies manufacturemiddle of the game products , which are not so sophisticated which as a consequence that they are directly in competition with lower wagers countries...... In Switzerland nobody can affordto produce this type of products and the result that as far as the rate of occupation is concerned, 43% in France and 59% in Switzerland. Switzerland is perhaps a tiny country but you find this kind of différences when you compare Northern Europe to moreSoutehr one.... And you have the same problem in the US, many industries sell products which are in direct competition with what is produced in less developped countries with a cheaper manpower. The question is to find a new "Frontier" with new "territories" like what came with inernet and will come with robotization.......... So better anticipate the mutations on the go than develop nostalgia about a lost Golden Age.
    The Tesla is more technologically sophisticated than the space shuttle, but only took a tiny fraction of the humans to design and build.

    See how that works?

    Population growth is outpacing economic and job growth, that is a problem.

  2. #52
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by BlueDozer View Post
    So the question remains.

    Give a man a fish, and he eats for a day. Teach a man to fish, and he eats for a lifetime. Develop a fish-catching robot, do all men eat, or do all men starve?
    lol Seriously though, I do think this issue of automation has the potential to make income inequality and poverty far far worse than now or that we can imagine. Because the wealthy and execs wont suffer. They will reap profits whether their workers are human or not. So its imperative we get this right. If we overreach or freak out and reject technology in some sort of back to nature grassroots movement, it could backfire.

  3. #53
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by galatin View Post
    Certainly wrong...... You can manufacture more sophisticated products burning less energy etc.... replacing the present ones Tesla is a good example of that and electric planes in the future will probably become something common..... For that you have to make huge investments in development and these investments mean jobs. If I look at the difference between French industrial production and the Swiss one, beside industries like Airbus and some other big playes, most companies manufacturemiddle of the game products , which are not so sophisticated which as a consequence that they are directly in competition with lower wagers countries...... In Switzerland nobody can affordto produce this type of products and the result that as far as the rate of occupation is concerned, 43% in France and 59% in Switzerland. Switzerland is perhaps a tiny country but you find this kind of différences when you compare Northern Europe to moreSoutehr one.... And you have the same problem in the US, many industries sell products which are in direct competition with what is produced in less developped countries with a cheaper manpower. The question is to find a new "Frontier" with new "territories" like what came with inernet and will come with robotization.......... So better anticipate the mutations on the go than develop nostalgia about a lost Golden Age.
    But airplane manufacturers need fewer and fewer workers than ever. No need for big assembly lines or cubicles of software engineers. Computers, and robots can take more of the load. Also can work 24/7 and don't need vacation or time off. They don't care about location either, so a company can make the most of that and not worry that they cant attract good talent in the middle of nowhere where taxes are low and laws are lax.

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