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BillK wrote:
<blockquote
cite="mid:AANLkTilX1mqltW-FY_95Gy0_bEWPLdQQIXBZ06h4XicT@mail.gmail.com"
type="cite">
<pre wrap="">On 6/3/10, Adrian Tymes wrote:
</pre>
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<pre wrap="">This is the central flaw in the argument. As people's
current skill set becomes non-marketable, people eventually
tend to acquire marketable skills to replace them. (Yes,
there are some who never do. Those retire, while new
workers who start off with marketable skills come in to the
market. The advent of extreme longevity may skew this,
because older workers will have less incentive to retire,
and thus are more likely to eventually acquire marketable
skills; indeed, this effect can already be observed, even
with today's relatively modest lifespan increases.)
</pre>
</blockquote>
<pre wrap=""><!---->
As the author says, you are not pointing to a flaw in the argument.
You are denying that massive unemployment will ever happen. The US
already has about 40 million living on food stamps (i in 8 of the
population) with many jobs disappearing, never to come back.
Don't you think it would be a good idea to start thinking about what
changes are needed to deal with massive unempoyment and poverty?
</pre>
</blockquote>
Yes. Start by rooting out the primary cause. The huge entitlement
programs and the bloated government that attempts to manipulate
economic reality in utterly irrational ways until it can't no more and
the entire thing goes SPLAT!<br>
<br>
- s<br>
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