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Showing posts from March, 2012

Work redistribution not Income redistribution

http://www.thestar.com/business/article/1139016--eurozone-unemployment-hits-record-high-of-10-7-per-cent?bn=1

Unemployment is reaching highs in many countries.  I've mentioned it before, but the principal cause of this is efficiency.  We've become too efficient.  Technology and automation replaces vast areas of human labor.  Globalization also reduces the need for human labor.

The growth-mass employment model that briefly existed during the industrial revolution was an anomaly that won't be repeated.  We'll have new innovations, but they won't generate mass jobs.

I've covered that before, so I won't go into it much more.

However, what I've noticed is the actions taken by our leaders tend to be strange.  This includes both the public sector and the private sector.  They both seek 'efficiencies'.  What this has translated into is those who are working... are working longer, expected to do more, and under more stress.  While at the same time, many …