Even Vegas is weighing in on the shortage

[jtrain609]

Not automation of the airliners, but automation of everything else in the economy.

EG; Direct competition from say an automated bus or self driving cars, I can't imagine with this technology that 75% of the routes we fly at my regional would be necessary or competitive.

EG; The automation of other jobs will make it as such that even if the airliner isn't automated there will be so few people with jobs and income that no one will be afford to buy an airline ticket, or anything else for that matter. If no one else can buy anything or trade money in the economy then no other jobs are necessary. It's completely zero sum and it will happen in our lifetimes. The next downturn is going to be YUGE and I'm not looking forward to it. I'm pretty sure by the time airliners are automated there will be such insurmountable structural problems in society, you're not going to care.

I'm 29 and don't really see flying as viable long term career, but for right now it's really good. I'm maxing investments and enjoying being employed and doing so in a manner that does not involve sitting in a cubicle. We'll see what the not so distant future holds though.

So who is going to buy the goods that all the robots make? Terminators?

 

[JDean3204]

I just really hope Spirit gets that new contract before you know... Robots take over the world..

 

[Soku39]

So who is going to buy the goods that all the robots make? Terminators?

If I were to be completely honest, I haven't quite figure that one out yet, it all seems utterly pointless, yet that is very clearly the path we're marching down.

On a side note there are only 3 real skyscrapers in Cleveland and 2 of the 3 have the name of a bank on top of them. So already in 2017 our most powerful corporations are corporations that don't really produce anything other imagined 0s and 1s on a server somewhere, with algorithms betting against markets and other algorithms, and 0s and 1s being traded among other institutions who themselves don't actually create anything in order to make more wealth for very few people. It's all quite esoteric and confusing.

To answer your question, by 2030 there will be 10 billion people, you only have sell a few million widgets to make a tidy profit, so the few people who still have money? I guess we'll find out.

I just really hope Spirit gets that new contract before you know... Robots take over the world..

Don't worry, AA got a pay raise this week and the stock has plummeted because *GASP* the labor is being compensated fairly, and that my friend is the utter end of the world for wall street.

 

[Hiboglossi]

So who is going to buy the goods that all the robots make? Terminators?

The few people who are still employed, mainly those who were very wealthy before Technological Unemployment became an issue. This is why I predict the economy will enter a permanent, irrecoverable recession- consumer demand will decline sharply as more and more people end up permanently out of work. That's why the airline industry will take a huge hit, even without pilotless airliners, there will be very few people who can afford airline tickets.

My prediction is that once this happens, most people will be unemployed and probably homeless. To solve the homeless problem I predict government will round up the unemployed and intern them in refugee camps where their basic needs can be provided cheaply, similar to what Marshall Brain describes with the "Terrafoam" system in Manna. Right now private prison operators donate quite a bit of money to politicians so I predict they will get the contracts for the refugee camps, or alternatively the unemployed and the destitute will simply be imprisoned along with criminals in regular prisons.

 

[jtrain609]

If I were to be completely honest, I haven't quite figure that one out yet, it all seems utterly pointless, yet that is very clearly the path we're marching down.

On a side note there are only 3 real skyscrapers in Cleveland and 2 of the 3 have the name of a bank on top of them. So already in 2017 our most powerful corporations are corporations that don't really produce anything other imagined 0s and 1s on a server somewhere, with algorithms betting against markets and other algorithms, and 0s and 1s being traded among other institutions who themselves don't actually create anything in order to make more wealth for very few people. It's all quite esoteric and confusing.

To answer your questions, I guess we'll find out.

I think the answer is that no bank will invest in a product that destroys its ability to make money.

 

[Soku39]

To solve the homeless problem I predict government will round up the unemployed and intern them in refugee camps where their basic needs can be provided cheaply, similar to what Marshall Brain describes with the "Terrafoam" system in Manna. Right now private prison operators donate quite a bit of money to politicians so I predict they will get the contracts for the refugee camps, or alternatively the unemployed and the destitute will simply be imprisoned along with criminals in regular prisons.

Eesh, that's dark, even for me. Hope you're wrong on that account.

 

[jtrain609]

The few people who are still employed, mainly those who were very wealthy before Technological Unemployment became an issue. This is why I predict the economy will enter a permanent, irrecoverable recession- consumer demand will decline sharply as more and more people end up permanently out of work. That's why the airline industry will take a huge hit, even without pilotless airliners, there will be very few people who can afford airline tickets.

My prediction is that once this happens, most people will be unemployed and probably homeless. To solve the homeless problem I predict government will round up the unemployed and intern them in refugee camps where their basic needs can be provided cheaply, similar to what Marshall Brain describes with the "Terrafoam" system in Manna. Right now private prison operators donate quite a bit of money to politicians so I predict they will get the contracts for the refugee camps, or alternatively the unemployed and the destitute will simply be imprisoned along with criminals in regular prisons.

I think you're bat crap crazy.

 

[Soku39]

I think the answer is that no bank will invest in a product that destroys its ability to make money.

Did the banks make money on the housing collapse? I think the banks and Wall Street have shown that they have very little self control when it comes to a possible quick buck even at the loss of other portions of their business.

I think you're bat crap crazy.

Ya, that was a bit much for me too. It's gonna get bad, but I pray it won't get that bad.

 

[JDean3204]

The few people who are still employed, mainly those who were very wealthy before Technological Unemployment became an issue. This is why I predict the economy will enter a permanent, irrecoverable recession- consumer demand will decline sharply as more and more people end up permanently out of work. That's why the airline industry will take a huge hit, even without pilotless airliners, there will be very few people who can afford airline tickets.

My prediction is that once this happens, most people will be unemployed and probably homeless. To solve the homeless problem I predict government will round up the unemployed and intern them in refugee camps where their basic needs can be provided cheaply, similar to what Marshall Brain describes with the "Terrafoam" system in Manna. Right now private prison operators donate quite a bit of money to politicians so I predict they will get the contracts for the refugee camps, or alternatively the unemployed and the destitute will simply be imprisoned along with criminals in regular prisons.

 

[jtrain609]

Did the banks make money on the housing collapse? I think the banks and Wall Street have shown that they have very little self control when it comes to a possible quick buck even at the loss of other portions of their business.

Which is one of the reasons why we have government regulation.

Really guys, I understand wanting to sit in your basement with an AK-47 and a few thousand rounds of 7.62 because the end is nigh, but in this scenario it's probably a little early to lose our collective minds.

 

[Soku39]

Which is one of the reasons why we have government regulation.

Really guys, I understand wanting to sit in your basement with an AK-47 and a few thousand rounds of 7.62 because the end is nigh, but in this scenario it's probably a little early to lose our collective minds.

Very unlikely, his scenario yes, 50% technological unemployment in the next 10 to 15 years, very likely, pilots not being needed due to said unemployment, also likely.

No one is saying to become a prepper, but we are on the cusp of very turbulent times ahead for all.

 

[jtrain609]

Very unlikely, his scenario yes, 50% technological unemployment in the next 10 to 15 years, very likely, pilots not being needed due to said unemployment, also likely.

No one is saying to become a prepper, but we are on the cusp of very turbulent times ahead for all.

And then the economy crashes, the masses revolt, we enter a mad max world, technology is destroyed and the economy comes back.

 

[Hiboglossi]

I think you're bat crap crazy.

Ok, so what do you think will happen once most people's jobs have been eliminated thanks to automation and nearly half of society is unemployed? Do you think the people who still have jobs will want their cities overrun with homeless people? Something will have to be done about the issue. I may seem crazy but it seems to me the writing is clearly on the wall.

 

[jtrain609]

Ok, so what do you think will happen once most people's jobs have been eliminated thanks to automation and nearly half of society is unemployed? Do you think the people who still have jobs will want their cities overrun with homeless people? Something will have to be done about the issue. I may seem crazy but it seems to me the writing is clearly on the wall.

The same thing that always happens during economic collapse; war.

 

[Soku39]

And then the economy crashes, the masses revolt, we enter a mad max world, technology is destroyed and the economy comes back.

I honestly think a "Luddite" rebellion en masse is a possible scenario. Of course by then (now) the rich and the military will be fielding autonomous weaponized systems, so the proletariat will not stand a chance.

The same thing that always happens during economic collapse; war.

See above, even our wars will be different, he who has autonomous fighter drones and self driving humvees will win the next war, and we're already there technology wise.

 

[JDean3204]

Ok, so what do you think will happen once most people's jobs have been eliminated thanks to automation and nearly half of society is unemployed? Do you think the people who still have jobs will want their cities overrun with homeless people? Something will have to be done about the issue. I may seem crazy but it seems to me the writing is clearly on the wall.

Dude, this country will not become so automated that we have a 50% unemployment rate and half the population living in camps. If you really believe that, then start working on your space ship and start civilization on Mars man. I heard the water is warm there

 

[JDean3204]

The same thing that always happens during economic collapse; war.

Now this is more realistic, war is just one hot headed decision away for us right now.

 

[Hiboglossi]

Which is one of the reasons why we have government regulation.

Really guys, I understand wanting to sit in your basement with an AK-47 and a few thousand rounds of 7.62 because the end is nigh, but in this scenario it's probably a little early to lose our collective minds.

What sort of regulations do you foresee that will prevent what I'm predicting?

And then the economy crashes, the masses revolt, we enter a mad max world, technology is destroyed and the economy comes back.

That actually seems plausible, although I predict advances in weaponry and law enforcement/ security technology will make it much more difficult to revolt. Perhaps this will happen and the revolters will simply be slaughtered, thereby solving the issue of what to do with them. Also one of the few jobs that may still be available might be joining a national security force of some sort to help quash revolts and round up the participants.

I honestly think a "Luddite" rebellion en masse is a possible scenario. Of course by then (now) the rich and the military will be fielding autonomous weaponized systems, so the proletariat will not stand a chance.



See above, even our wars will be different, he who has autonomous fighter drones and self driving humvees will win the next war, and we're already there technology wise.

...exactly this. Beat me to it.

 

[Soku39]

Dude, this country will not become so automated that we have a 50% unemployment rate and half the population living in camps. If you really believe that, then start working on your space ship and start civilization on Mars man. I heard the water is warm there

Dude the entire point of capitalism is to become more efficient, and create higher profits. The number one expenditure for most companies is payroll. If you have the ability in the not so distant future to get rid of your largest expenditure, as a company why would you not do it? The goodness of their hearts, like you really believe that?

 

[Hiboglossi]

Dude the entire point of capitalism is to become more efficient, and create higher profits. The number one expenditure for most companies is payroll. If you have the ability in the not so distant future to get rid of your largest expenditure, as a company why would you not do it? The goodness of their hearts, like you really believe that?

Exactly. And this is why banks will still invest in automation technologies, even if they might lead to mass structural unemployment in the long term. These technologies will bring an increase in profits from reduced payroll costs.