Quote:
Originally Posted by Stu from NYC
As long as we live in a capitalistic society where the govt allows people to start business life will be good in the future. The more govt control the less good jobs and technological advances.
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I will take the total opposite side as a finance professional, who has working in many different industries, from buying and selling companies to performing pricing analysis as well as a programmer
automating employees out of jobs
The end goal of any capitalistic endeavor is a monopoly, eliminating all competition. That is not a goal which is beneficial to society. The old model of land labor and capital is not the current structure of the competitive landscape. Capital created automation eliminating human labor and optimizing supply chains is the competitive nature as well as buying out competitors, ie facebook and google. FInally data and information is the newest competitive weapon, so these competitive advantages have nothing to do with government, but are occuring naturally as a result of competition.
The end result? if you don't have the capital and the information or a specialty which automation can't replace, you will have a serf-ice job, as waitressing, cashere, inventory, stock shelves, truck driving, accounting, auditing, etc are starting to be replaced with automation.
Why has small business creation cratered in the last 10 or so years? because the above advantage of the large companies, with a cost advantage making competition impossible with out scale, which most if not all startups don't have.
So thinking the the problem is all about the government, is very simplistic, but an easy answer. In reality, the world is very complex, getting harder to manage, and is heading towards not enough jobs to support positive economic growth without government or federal reserve assistance.
In the 1930's to get the money out of the monopolistic trusts and back into circulation, income taxes were raised to 70%. . . that will be needed again for the same reason.
good luck but enjoy your lifestyle while you have it, and be very careful with your capital
sportsguy