One big issue that people tend to miss when comparing current situation to the previous years is the fact that machines are making more machines. See, when combine harvester or loom was invented people were needed to build these machines, so it was fairly easy to move them from doing one manual job to another. Right now however, that one machine can be build by another machine.
When I recently helped build a machine to automate some test processes at a local company it took us about 120 hours in total to do it. The machine will replace three people. All of the components that were used were either computers, software or electronics. This is not something that any of these employees will be ever able to do, as they are simply a very low skilled, uneducated workers, from impoverished neighborhood. The next machine that we may be building for this company will take us even less time, as we have everything already designed, and tested. We just need to put few components together and verify that it works. It will maybe take us 16 hours to do it.
When it takes you less than a week of work to replace three people, there is no way that the jobs for these employees can be created fast enough.
When I recently helped build a machine to automate some test processes at a local company it took us about 120 hours in total to do it. The machine will replace three people. All of the components that were used were either computers, software or electronics. This is not something that any of these employees will be ever able to do, as they are simply a very low skilled, uneducated workers, from impoverished neighborhood. The next machine that we may be building for this company will take us even less time, as we have everything already designed, and tested. We just need to put few components together and verify that it works. It will maybe take us 16 hours to do it.
When it takes you less than a week of work to replace three people, there is no way that the jobs for these employees can be created fast enough.