How much of those employment losses are due to technology and robotics?
We grow a lot more food today than a hundred years ago, with a fraction of the agricultural workforce that was in place back then.
Well there you have it. Outsourcing wasn’t a problem after all.
Thanks. What a relief.
Productivity gains through adoption of new and advanced technology is a rather slow and gradual process. Productivity gains are the ONLY way we can increase the overall wealth of society.
What you are seeing now are the SUDDEN impacts of government meddling in an industry. It certainly wasn’t a free market before given the myriad millions of regulations imposed on insurance by government at all levels. But now the very heavy hand of central planning if making a bad situation MUCH MUCH worse. The huge shifts in labor patterns are not caused by productivity increases or changes but are entirely due to government fouling everything up.
Right on schedule, completely as predicted, and bound to get MUCH worse as the onerous regs now kick in. People were happy in early 2012 because their kids could stay on their insurance plan and pre-existing conditions were covered. But the piper wants his due starting January 1.
You don’t understand. We simply force US companies not to outsource. Now the jobs will be in the US. It’s not like the guy in some third world country willing to do the work for less could be employed by anyone else. Our jobs. Here. Done deal. Fist of government trumps invisible hand, works every time.