>> There is a new economy coming, not based so much on mass production, but rather mass information.
>
> Please explain . . . if you can.
With the advent of cheap 3D printing there’s a huge increase of ‘producers’.
Because of Supply & Demand, this means that much production will become cheap — the thing that will go up in demand are people who understand and can use information, already a valuable commodity, which will create a demand for readily accessible information.
So what do you do with the bottom 50% who can’t adapt?
You either provide jobs or welfare to them. It’s much better to find work for them to do.
What a crock.
That will be good for THOSE people. Where I live, there are a lot of white young men whose dads used to grow stuff or make stuff. The ones who CAN'T "understand and use information" are about 75%, and if they have no work, they do meth and heroin and commit petty crimes.
If we keep growing THAT population, it won't matter how cheap sh*t is at WalMart.
And if your answer is "education", save it. The average working guy is what he is. For the smart ones (25%), there's more education than they know what to do with. For the rest, there's nothing past 10th grade that's worth doing.