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To: Kaslin

I have a black swan for you. Technology will at some point eliminate all blue collar jobs and eventually most engineering and technical jobs. What happens when there are no more jobs?

I don’t know how Capitalism survives when there is no underlying employment base.


77 posted on 02/21/2012 11:56:03 AM PST by Go_Raiders (The wrong smoke detector might just kill you - http://www.theworldfiresafetyfoundation.org)
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To: Go_Raiders
A hundred years ago most of the engineering and technical jobs we have today DID NOT EXIST. Yet there were 'jobs'...

Jobs are people doing favors for each other - 'money' is the way we keep track of those 'favors' - the bookkeeping.

99 posted on 02/21/2012 8:12:55 PM PST by GOPJ (GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer)
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To: Go_Raiders
A hundred years ago most of the engineering and technical jobs we have today DID NOT EXIST. Yet there were jobs...

"Jobs" are people doing favors for each other - 'money' is the way we keep track of those 'favors' - the bookkeeping.

100 posted on 02/21/2012 8:13:48 PM PST by GOPJ (GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer)
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