Thursday, November 10, 2016
Voting to Get Our Old Jobs Back Will Not Repeal Global Capitalism
Two decades ago an economist gave a talk at Centre College in which he predicted that, due to automation and increased efficiencies in delivery, we could "optimistically" expect to eliminate 25 million jobs in the United States.
"You mean 'pessimistically,' don't you?" I asked.
No, he was thinking like an employer - or, really, as a shareholder - who was concerned about increasing profits by reducing costs.
I was thinking like a sociologist, looking at the effect on the entire population.
I think the margin in this election were the 25 million people who lost their jobs, or the possibility of those jobs. Those jobs - low education mass employment - is gone forever, and not just to China. Most have been eliminated altogether.
The governing class of both parties supports globalization of the economy, including automation. Voting against "elites" in favor of a strongman who promises to bring back those jobs is a hope against hope.