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Thread: $15 an Hour? Not for Long. Robots will outperform you for less.

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  1. #1
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    $15 an Hour? Not for Long. Robots will outperform you for less.

    Welcome to the future:

    http://www.valuewalk.com/2015/07/robots-steal-jobs/

    The author is correct that the remaining productive class will have to bear the burden of supporting the latest new recruits in the FSA.

    The government will be able to swoop in to the rescue by either taxing the companies using automation, or by raising the debt ceiling to kick the can down the road while creating more make-work programs.

    It shows the economic ignorance of the power base. Politicians are trying to legislate winners instead of allowing the free market to determine the best business model. That never works out well for an economy because it lards the system with unnecessary rules and roadblocks that always have unintended consequences.
    Last edited by Outlander Systems; 08-01-15 at 11:16.

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