Quote:
Originally Posted by CoachKandSportsguy
$20,000 - 30,000 is a living wage in many places, just not all places. . Remember that is CA which has the $20/hr rate.
I guess you aren't familiar with the loss of the middle income over the last 20 + years due to automation, which means they go to low income, which means that there are more people for fewer jobs, in both high income and low income, and definitely too many people for too few jobs in middle income. .
referencing 40 year old economics doesn't relate to today's economics. . . .
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Your overlooking something important IMHO. Back during the industrial revolution people said machines will replace people and enough jobs were created to prevent that from happening.
Automation will create new industries and jobs in a way that nobody really understands yet.
As Yogi Berra might have said, what goes around comes around.