It's an interview with Jim Cramer. I haven't looked but I'm sure you could find it on the CNBC website.
He does not seem to be making statement that even most jobs will be lost to Automation...
Come on. That's been the story of the last 30 years in manufacturing.
That's why US manufacturing output is close to an all time high but manufacturing employment continues to drop.
I don't want the jobs to go to Mexico but keeping them here at their current labor rate doesn't work for Carrier. The laws of economics are what they are.
Again, he is not saying all jobs will leave, and I would hope that Trump and Pence are savvy enough to be mindful of that in negotiations concerning tax incentives. Trump will look very bad if there are no jobs left in a few years —which Democrat Jim Cramer and center-to-left Business Insider would probably enjoy watching :(
What would you suggest to workers...people in their late 30s, 40s, 50s; and I ask that in all sincerity. In the 80s, it was merely manufacturing jobs that were outsourced. The solution was right-to-work states to be competitive. Then jobs moved farther away for cheaper production. Today practically all jobs are at risk of outsourcing, insourcing (H-1B Visas, etc) and robotics.
Jobs leave the community and all the peripheral businesses shut down as well...Sadly, on road trips this summer, I saw towns with entire swaths of Main Street full of empty store fronts and idled factories.
What are people to do? Not everyone can major in robotic engineering...