Technological Trouble For Labor Productivity

Source: GizaDeathStar.com
Dr. Joseph P. Farrell Ph.D.
February 2, 2017

Amid the last election cycle, both Senator Sanders (D-VT) and President Trump made pledges to “bring the jobs home,” and Senator Sanders pressed for a $15.00/hour minimum wage. I couldn’t help but think, amid all the mudslinging that accompanies American elections these days, that everyone seemed to be missing something: labor productivity, as a measure in economic calculation, was going to drop rather dramatically as technology simply eliminated some jobs, and created new ones, and – as Catherine Austin Fitts and I have often discussed in our interviews – human productivity, in such seldom-measured areas as artistic creativity – which we both think will become increasingly monetized at a small entrepreneurial level simply out of sheer financial and economic necessity – is an important and overlooked area of economic modeling. And we both think it will become a crucially important factor in years to come.

The point was brought home to me during a recent trip to a large international retail chain. Making my few purchases, I wound my way to the checkout aisles, only to find none of the human aisles were open. Only a self-check-out aisle, with a dozen such self-check-out-lanes, was opened, being presided over by one human “cashier-technician”, for want of a better expression. Admittedly, Mr. Trump appears to be sincere in his promise to re-shore jobs, and thus far at least some of these require skilled positions. But the vast amount of jobs in the USA as elsewhere consist of jobs not requiring much skill, and this will be a long-term problem that, as yet, and in my opinion, we’ve seen no deep long-term thought or planning being dedicated to, on either side of the political aisle. And that’s a problem that is not going to go away, regardless of the good intentions of either side. Consider the implications of this very short article, with accompanying picture, from Zero Hedge:

Dear Bernie, Meet the “Big Mac ATM” That Will Replace All Of Your $15 Per Hour Fast Food Workers

A “Big Mac” ATM, place your order, insert money or card, out pops the Big Mac. In other words, even the current “storefront” operations, with their comparatively large overheads, are on the way out: why have a convenience store, when a couple of automated gas pumps(which we already have) and a couple of Pizza-Burger soft-drink dispensing ATMS will do the job? Why have Borders, with its expensive bookshelves, floor space, and overhead, when one can order the books from a big warehouse called Amazon, and fuel the coffers of Bezos who in turn fuels the coffers of all sorts of political agendas one might find objectionable? Just start your own ATM-internet of things business, and fatten your own coffers and contribute to your own political causes. (In other words, while at present all these developments favor the political left, ultimately…

Continue Reading At: GizaDeathStar.com
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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

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BreakawayConsciousness

Zy Marquiez is an avid book reviewer, researcher, an open-minded skeptic, yogi, humanitarian, and freelance writer who regularly studies subjects such as: Consciousness, Education, Creativity, The Individual, Ancient History & Ancient Civilizations, Forbidden Archaeology, Big Pharma, Alternative Health, Space, Geoengineering, Social Engineering, Propaganda, and much more. His own personal blog is BreakawayConsciousnessBlog.wordpress.com where his personal work is shared, while TheBreakaway.wordpress.com serves as a media portal which mirrors vital information usually ignored by mainstream press, but still highly crucial to our individual understanding of various facets of the world. My work can also be found on https://steemit.com/@zyphrex.

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