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Garrett78

(10,721 posts)
3. Those jobs will come back if...
Mon Nov 28, 2016, 01:23 PM
Nov 2016

...the US does away with labor laws, the minimum wage, welfare and corporate taxes. In which case people will have no choice but to work in horrific conditions for 5 cents a day.

The fact is the US is manufacturing more than ever (contrary to the narrative about how the US doesn't make anything anymore), but automation means fewer people are needed. And wages have been stagnant at best.

New green industries and less wage disparity is called for, but even that won't be sufficient. Ultimately there will need to be a universal basic income, unless US population starts declining or we do away with automation.

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