Insourcing, Fingers Crossed!!

[The Man]

And? So?



I don't think you get it. No one is arguing that efficiency is bad for companies, but you fail to realize or acknowledge that the market place consists of a balance of sellers and buyers. And that if most of your prospective buyers are unemployed, it kind of puts a damper on the whole capitalism concept. This is why the jobs market is currently flat. In the long run, the economy may find other places to employee the displaced, but maybe not. And if they were once employed by manufacturing it is highly likely that any replacement job will not pay as much as the manufacturing job previously with the ultimate effect of depressing the economy, and making for unhappy citizens.

Not at all you fail to accept that effeciancy causes lower prices.. letting us spend our extra money elsewhere creating more jobs....It all balances out in the end.. read my post to Francis for more detail.

 

[Francis]

The 60 minutes show cherry picked off some places that were efficient and showed a robot that could be trained to do tasks...big deal.
Technically a freight train would be the biggest job stealer of all with that logic....2 guys hauling thousands of tons of freight...rather than several hundred guys with horse and wagon.

Technically this efficiency they shown on 60 minutes is good for the economy not bad...as it lowers prices ..giving us more money to spend..forcing others to become more efficient....As said with lower prices we can buy more stuff which creates more jobs.

Oh 60 minutes was clear about this being the forefront of technology.

But all the low prices in the world will not sell products if people are not working.. You need to get the people that were working in manufacturing back into the work force was the point of the story..

How will you solve that problem for people that are 40 or 50 years old and in debt far from retirement and still owing on houses, prior bills while they need money and can't afford what we now produce 24/7 in robot made plants ?

 

[The Man]

Oh 60 minutes was clear about this being the forefront of technology.

But all the low prices in the world will not sell products if people are not working.. You need to get the people that were working in manufacturing back into the work force was the point of the story..

How will you solve that problem for people that are 40 or 50 years old and in debt far from retirement and still owing on houses, prior bills while they need money and can't afford what we now produce 24/7 in robot made plants ?

Again it is nothing new...just more efficiency,the same could be said for anything that created more efficiency thus reducing man hours needed.
All we have to do is go back in time like I mentioned where everything was done by hand...things were higher as a result..and no one owned anything.
With efficiency we lower costs...{example lets cut labor in half at company A...the product is now half price {assuming that his materials acquired were also done in the efficient manner....Now people have twice the blow money and are able to buy from company B which has the other half of the employees.
To put simply the guys on 60 minutes are not looking at the entire picture...and had a biased presentation.

Now eventually we reach a point to where we dont need anything else which will cause rise in unemployment{in the event everything becomes dirt cheap due to too much efficiency}.

We are actually headed there...at one time our earnings went to basics, food clothes and shelter...which has now expanded into disposable junk ..as well as multiple cars tv sets phones printers games 4 wheelers...and endless list really.

All of which is possible due to efficiency in the production and services areas..{you trade time for money...use that money to buy someone else time whether it is a service or a final product.}

As as an example lets make everything dirt cheap for a moment with super efficiency...you have a house clothes cars etc...you can only ride so many 4 wheelers at a time...you reach a point to where you "buy no more"...thus would begin to cause a rise in unemployment, due to fund hoarding.

 

[Francis]

To put simply the guys on 60 minutes are not looking at the entire picture...and had a biased presentation.

Where was the bias..

You said yourself you did not watch the full episode.. Did you bother watching the link Minor posted ?

The point is SIMPLE.. Where are the jobs in the USA ?

 

[The Man]

Where was the bias..

You said yourself you did not watch the full episode.. Did you bother watching the link Minor posted ?

The point is SIMPLE.. Where are the jobs in the USA ?

The presentation is biased...unless you want to call them idiots that were soaking some film time..take your pick.
As far as where are the jobs at in the USA?
We just have to wait for the ship{airplane} to balance off.
As said with more efficiency gives one more money.....with more money they can buy more stuff...job growth is happening just not as fast as we would like for it to.
This goes back to pre Obama days and excessive tax breaks on lower incomes...when the recession hit..taxes couldn't be lowered more to stimulate the economy{which creates jobs}.

I didnt watch the clip...bandwidth is precious ..besides I watched most of the show the other night,so there wasnt a need.

Besides if one wants to argue robots and automation stealing labor time...then they also need to argue against anything else that also relates to labor efficiency ...with electricity being the biggest offender.

Why has electricity,the wheel,the conveyer belt freight ships, trains not put us all out of work?...using the stealing labor argument?
As said..it makes things cheaper which gives us more money to buy something else which creates jobs....in the end its just trade for time as mentioned prior.

Burdens however will decrease ones extra funds to buy stuff which created jobs...this can be high taxes..or even high energy prices which cause prices to go up which leaves us with less money so we can buy as much stuff causing someone to lose a job.

High interest rates can also be a burden ,,this slows the economy as new small businesses are not opening or taking off well.

The govt can only ask for them to be lowered but can not control interest rates directly.

 

[Minor Axis]

The presentation is biased...unless you want to call them idiots that were soaking some film time..take your pick.

Thanks for illustrating why it's a complete waste of time debating these issues in a forum like this or should I say with conservatives... take your pick.

 

[Francis]

Thanks for illustrating why it's a complete waste of time debating these issues in a forum like this or should I say with conservatives... take your pick.

Minor, to some it's impossible to explain a concept. That's why things change so slowly.

 

[Stone]

Blessed are the wishful contradictions in this thread, Francis (ie......you're wasting your breath using logic )

 

[Minor Axis]

Minor, to some it's impossible to explain a concept. That's why things change so slowly.

OTZ is not currently a good place for debate. Why? Because the group of people participating is way to small and after a while, the opposites get on each others nerves. It's nice when others (like yourself and robdawg) come to visit, even if it's only for a short time, sometimes.