Reply to post: Re: Errrm

Basic income after automation? That’s not how capitalism works

Mage Silver badge
Windows

Re: Errrm

How many of those cars are made in UK?

How many TVs are made in Europe now.

Large scale automation was common in the 1930s, though it started in the late 18th century.

There is eventually saturation and eventually a situation where very few people are employed. They are developing the technology to restock shelves and already have self service checkouts in some shops.

There will be no overnight change. However there are no "jobs for life" any more, except maybe in some Civil Services. We are a long way from having to make this decision, it could be another 150 years. It seems likely though there will be a slowly increasing number of people that never get jobs.

It's really a lie about retirement age being raised. It's the age to start getting a government pension that is being raised. If you are over 49, then you are more likely to be made redundant and if over 59 unlikely to to find a job if you are unemployed. Businesses have not raised retirement age, quite the reverse. It's obvious without an age, the approximate age of the person on a CV.

It's a dishonestly written article, typical of the propaganda from "The Conversation"

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