[Hardastarboard]

Someone has to design the robots, program them, sell them, service them and fix them.

Right up until the robots are taught to fix each other, conceivable within 20 - 30 years. The robots will eliminate all kinds of jobs, and add only a certain narrow range of jobs.

There are two dangers for the future. One is that the new jobs created by new technologies will require knowledge and skills that are in short supply, leaving unskilled workers without income and the economy with skill scarcities.

Of course, and the training required to fix the robots will be pretty extensive. We've already got a population of people with useless degrees, or no degrees and no motivation. I don't see the jobs pyramid getting any wider or shorter.

[expat_panama]

It's a beautiful Thursday morning and all's well!   Stocks settled back from Tuesday's upset and yesterday saw mild gains in rising volume --all going into this morning's flat outlook in futures trading. 

Those guys may be also predicting more losses (-0.71%) in metals but fwiw gold and silver are still up at $1,380.94 and $19.80. 

Almost forgot, today's 'claims day':

8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Philadelphia Fed
10:00 AM Leading Indicators
10:30 AM Natural Gas Inventories

Elsewhere:

• Taxing the Rich Also Taxes the Little Guy
• Federal Reserve Is In No Rush To Hike, July Meeting Minutes Show
• Clinton and Trump's Lousy Tax Plans
• Trade: Trump & Clinton Both Wrong
• The Riddle of the Wall Street Brain Drain

[Lazamataz]

Yeah.

Until the robots decide to KILL ALL HUMANS.

[Bryanw92]

>>One thing that the U.S. economy excels at is creating jobs.

All we excel at now is making the numbers look like we are creating jobs. According to the DOL, a job is a job. So, if we outsource a $20/ hr full time job with benefits to Vietnam and replace it with a part-time job at a convenience store, then no jobs were lost. If we create 2 convenience store jobs, then we have a gain of one job.

Almost all of Obama’s “jobs created” are this kind of trade. These days, the business of America is losing.

[Lazamataz]

Of course, that will lead to new jobs.

Such as Sergeant, Tech-Com, DN38416.

[TADSLOS]

The second danger is that government will damage or destroy the job creation process. We live in a profit-making economic system. Government's main role is to maintain the conditions that make hiring profitable.

The future is now. Vote Trump.

[ctdonath2]

“One thing that the U.S. economy excels at is creating jobs.”

Alas, the Left is pushing hard to ban jobs that aren’t worth >$15/hr.

“Someone has to design the robots, program them, sell them, service them and fix them.”

All jobs that require skills which produce more than $15/hr value.
Not everyone has such skills.
Why does the Left hate low-productivity workers so much?

[Will88]

Various policies and yes, automation, have already eliminated millions of jobs in the US. The starting point today is that about 20% of working age Americans who need a job are not working. The stats we’ve seen recently make this clear.

1. For one in five American families, no family member is employed.

2. One in five heads of household in the US is on one or more means tested poverty programs.

3. About 48 million Americans receiving food stamp benefits.

And yes, robots will eliminate some jobs, and few of the 20% of working age Americans not in the work force will be filling the new jobs created designing and maintaining robots.

The problem is already here. Our politicians just lie to us continuously with statistics. And the problem will only get worse with current trade policies and coming further automation.

[Buckeye McFrog]

Frankly OFCCP, “equal pay” regulations and other Obama racial-and-gender bean counting presents a much bigger barrier than automation. For every person you hire you’ll need 3 to do the paperwork to prove you’re not discriminating.

[central_va]

The problem is the automated factories are not in the USA. We offshored then automated. Too bad it wasn’t done here.

[Mjreagan]

Many jobs will be safe for the foreseeable future. However, automation will eventually do away with many because machines are becoming ‘smarter’. News agencies already have AI systems that can write articles, even legal and finance jobs will be in danger. I don’t see total obsolescence but every field will narrow considerably in the next 20-30 years.

[riverdawg]

“If we make it too costly for private firms to hire (through high minimum wages, mandated costs and expensive regulations) — or too difficult to fire - guess what? They won’t hire.”

That describes much of Europe today. The job market for young people is even worse there than it is here because hiring (and firing) workers is much more expensive.

[DoughtyOne]

trade with China will not cost U. S. jobs
tech jobs will pick up the slack
service sector jobs won't replace manufacturing and tech jobs
robots will not cost U. S. workers jobs

The more things change...

[tbw2]

Too many liberal arts majors expecting to be managers and not enough skilled blue collar laborers for the dirty work that needs to be done and robots can’t do them.

[tbw2]

If we don’t have enough jobs, end immigration and deport illegal aliens and their children so we can match population to demand for workers.