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Discussion: (2 comments)

  1. Todd Mason

    While most folks think the recession was cyclical rather than secular, it’s also true that no one really know until after the fact. Consider: The Post Office is toast; libraries are toast; colleges compete now with free online coursework; Amazon is steadily rolling over bricks and mortar. Entertainment is toast in its present structure. (MSM routinely mines YouTube but Reddit does it much better.)

    What endures has significantly smaller labor requirements and higher standards. There are no HS dropouts in an automated warehouse.

    If this is secular there won’t be inflationary pressures for a long time to come, not counting commodities. And the prescription is education, education and more education.

  2. Todd, given the range of human intellect, if more and more education produces even more creative inventors of automation at the top end, how do the intellects at the bottom end keep up with the pace at the top?
    It seems to me that to find work, a person must either be faster or stronger than a machine (a battle generally lost at the industrial revolution), or capable of more creativity and judgment than a machine (a battle that the information revolution has begun, but by no means ended).
    Now that articles are starting to appear that predict sex robots might soon ‘service’ their ‘masters’ who might then come to ‘love’ them, it is doubtful that even the service industries are safe over the long term, education or no education, no? Are you expecting education to expand creativity at the bottom end of human intellect more than at the top? But I agree with your previous points.

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