Here’s a question for Rich or Blameme, Hal, Alex, CM or anyone else that wants to take it on. I’m really interested to know.
There is a widespread belief that our current employment model is about to come to an end, that about 50% of existing jobs will likely come to an end in the next few decades, and while there are likely to be some new jobs resulting from that process, this won’t nearly be enough to offset the imbalance.
How do you think society should deal with this, remembering that:
Will there be a lot of people who are “surplus” to global capitalism,
How do we keep incentive in society when money no longer works as it has until now?
If people are not engaged in production, then who will pay the wages, and how will people be able to buy anything? What will keep markets afloat?
What will happen to society if there will be a lot of people with nothing to do; people (particularly young men) with nothing to do is very likely to lead to violence, revolution, war (this is one reason given for the civil war in Syria, following a ten year drought leading to high unemployment in the cities).
So how should society cope? Should there be a basic minimum wage, paid by the government, to ensure there is a limit on consumption and that no-one starves? Or a kind of social Darwinism, leading to impoverishment and perhaps death for many?
Or do you think that this will not happen at all?
(Sorry if there are typos – need to post this and run!)
Actually this is a great topic, and while I am certain I know where what Stogy (and most of the left) leans on this issue, as well as the fact that their preferred solution again relies on something unsustainable, will lead us (complete societal collapse a-la USSR, with all the dark things that followed), I still think we should have this discussion.
Don’t say never did anything for you Stogy!