It was called, 'the factory'. Every city and town had 'a factory'. Everyone could find work with a paycheck to buy a car, start a family, and buy a house. It was called, 'The American Dream'.
A lot of people here don't understand how much has changed since they entered the job market.
What can a kid who doesn't go to college expect? A job at Starbucks? Then what? What do they move up to? Each level up requires fewer people. How many of them can move into management?
The job opportunities and advancements are greatly reduced. That's why you hear people in think tanks talking about 'universal basic income'.
Will AI create enough new jobs for the majority of young adults to be productive and financially independent and a new "American Dream"?
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“The job opportunities and advancements are greatly reduced. That’s why you hear people in think tanks talking about ‘universal basic income’.
Will AI create enough new jobs for the majority of young adults to be productive and financially independent and a new “American Dream”?”
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Like Social Security, a Universal Basic Income is designed to prevent the kind of revolutionary upheaval over economics we saw around the world after WWI. Without FDR, the US would have taken the same general path as Italy, Germany, and their satellites.
Socialism and Fascism were seen as a defense against Communism because Hitler was a vehement anti-Communist. In fact, anti-Communism was the primary basis for the Deutschland National Socialist Party. After the brown shirts were murdered, German socialism gave way to authoritarian Fascism.
All governments rest on the consent of the governed. It’s just far harder to withdraw that consent from tyrannical authoritarian governments.