[ExI] Book: THE LIGHTS IN THE TUNNEL
sjatkins at mac.com
Thu Jun 3 22:47:50 UTC 2010
> On 6/3/10, Adrian Tymes wrote:
>> 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.)
> 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?
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!
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