Here’s the thing. We could have that right now, today, we’re there, they’re right. Computers and just useful software (fuck AI) alone have increased productivity so much that one guy with fancy Excel can do the work of what used to take 98 people (7 banks x 14 person abacus teams). And that’s just one regional bank. Before email, corporations had internal mailing departments, now there’s dirt cheap and super convenient email. There are untold numbers of shell scripts out there quietly replacing whole ass departments of people. Soft automation alone, no robots needed, has increased human productivity to an absolutely bonkers degree since these statements were written. Thanks to the Friedman doctrine and Reagan and Thatcher and their ilk, all the benefits of that productivity got turned into a benefits for the asset holding class, while the middle and lower classes got lectures on the morality of hard work.
People talk about the age of abundance - we’ve been living it for decades. Money is created out thin air, automation and industrial have done the rest.
Marx called it 100 years ago. Thomas Piketty nailed it down a few years ago : Surplus goes to assets owners - the more assets you own, the more surplus you accumulate and it’s effective are compound over the time. Until you have a handful of people people who own all the asset, which is where we are now.
"There are some who gloomily expect a society run by a small elected elite, presiding over a mindless multitude kept happy by drugs and circuses, much as in Huxley's Brave New World. But most futurists believe that work will still be the only way to gain responsibility and power."
I would encourage almost any American to get a remote job (or three) and move abroad to a country that has a visa for remote workers and good healthcare. It might be the only way some workers will be able to save and retire some day.
By the year 2040, you’ll eat bugs on your way into your 16 hour job making 13 Bezos bucks an hour and you’ll love it because the serotonin patches and nightly dream implants (implant so that you dot wake up while your frontal cortex is being used to mine doge coin).
Well, naturally they have to deduct for uninsurable dream content like trees and sunshine. That kind of dangerous content needs to be distilled before it reaches you by choosing a secure dream provider. We’re trying to protect children here.
The sheer amount of jobs that post that range as the expected salary is insanely depressing and disgusting…
I don’t think people truly understand just how much of our economy operates with those pay scales. I’m uneducated so I don’t have a specific industry to get tunnel vision with, I see a broad range of jobs and holy shit it is gross what is being “offered.”
On a side note, my friend in computer science just mentioned a coworker who makes over 150k is quitting because he has too much down time at work. Just kill me already, I’ve had enough torture…
You may find David Grieber’s book Bullshit Jobs interesting. TL;DR: human beings have a natural drive and need to spend their lives doing useful work. If that need isn’t met, they get depressed. Getting to do something actually useful at work is considered a privilege, a job perk. Companies offer more pay as compensation for the lack of job perks at jobs that don’t do anything useful.
Pretty much its about the federal reserve, unpegging from gold just let them go hog wild. Inflation is the best tool they have because it is taxation that the poor and middle class dont tend to notice.
The late 60’s is when George Welch became the head of the GE plastics division, in 71’ he also became the head of the GE metallurgy division. Throughout the 60 he developed and popularized “rank and yank”, basically firing 10% of your lowest performing employees on a regular basis.
The idea of corporate having loyalty to their consumers and workers died at the hands of George Welch. The obsession with quarterly profits, paper profits, and maximizing short term gains are all basically the invention of this one little man.
He was made a titan of industry for parting out one of the most iconic and profitable businesses in US history. Pretty much every CEO has walked in his image since, despite the fact that he ran He into the ground.
This would have happened if Reagan hadn’t sunk that ship. Now realistically, if it hadn’t been him it would’ve been someone else. Politicians are cheap.
It was rigged against us from the beginning. Reagan didn’t help, but he was only one more straw in the pile of bullshitters.
The concessions granted by those in power to the people are only meant to keep them in check, not to fulfill all of their needs. If our needs were met, there would be little incentive to slave away most of our lives.
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