http://www.theatlantic.com/business/archive/2013/04/the-10-m...
http://www.theatlantic.com/business/archive/2013/04/the-10-m...
We in the tech industry would be wise to remember that we live in an incredibly privileged bubble where careers are real things, where it's easy to find new opportunities.
The big danger is external factors that remove those first rungs of work that allow people to climb up.
http://www.newyorker.com/business/currency/silicon-valley-ha...
You can call them lazy or stupid but they still exist and a lot of them won't get a new job (again, doesn't matter if they can't or just don't want to find one).
Retail, fast food, stock pickers, truck drivers, etc.. etc.. Sure you could say "don't make menial jobs your career" all you want, but this is still going to be a huge freaking issue sooner than later.
This is from just last week: https://www.ft.com/content/dec677c0-b7e6-11e6-ba85-95d1533d9...
Even if they "acknowledge" it, so what? It's not their job to create extra jobs to replace the ones that they've automated out of existence. It's never been the jobs of the companies creating disruptive technology, like farm equipment or cars or computers, to do this.
It wasn't Ford's job to find new jobs for everyone who had a horse-related career; same deal here.
e.g. which society is better to live in:
(low inequality, less wealth)
10th percentile average wealth: 100
99th percentile average wealth: 1000
(high inequality, more wealth)
10th percentile average wealth: 1000
99th percentile average wealth: 1000000
Of course this is an oversimplification, but you get the idea: income inequality is not the only important factor.1. Automation wasn't a major political issue behind Trump's success.
2. I can still think someone is wrong even if they hold the majority opinion (although in this case it was a minority opinion since Trump lost the popular vote).
3. I do think something should be done to help people who lose their jobs due to automation. I just think that's the government's domain, not that of private companies.
If the majority of people get 10x the money they used to, they're not getting 10x the purchasing power, because everyone needs a higher salary.
This is also an oversimplification. You can read more about the phenomenon here: https://en.wikipedia.org/wiki/Dutch_disease
10x more food, land, or whatever.
I think the mistaken comparison people make, is that when farmers and such lost jobs in the industrial revolution, new opportunities that didn't require total re-education were popping up as fast as old ones disappeared...this is not the case today. The shrinking range of opportunities are to be found in increasingly exclusive, high-skill white collar positions. People are being left behind, and the fuck-you-I-got-my-STEM degree crowd, their attitude isn't making anything better.
Just wanted to note that we're really not doing too badly with advancing technology. And if you measure actual poverty as compared to relative poverty, which makes more sense to me, we are doing even better. Have a nice day.
Tell that to all the people who are doing badly? Jesus, it's like people look at some statistics that say the world is ok, and then continue in their totally ignorant life. The world is literally full of people who say it's not good enough.
Technology is advancing, and we're seeing lots of benefits from that -- I think everyone would agree. But advances in technology don't inherently translate into better quality of life. A $500 4K TV screen is amazing, but doesn't make up for the fact that a basic 2-bed apartment now costs $25,000/year. A $650 iPhone super-computer-in-your-pocket is fantastic, but doesn't make up for the fact that a 4-year degree now routinely runs $60,000 or higher.
Extending debt to cover up societies inequality doesn't actually solve inequality, it just hides from view how big of a problem the inequality has become.