Mortenson
5 year old buck +
And they tell us we'll be eating bugs and food grown in labs. Livestock and farmland won't be needed.
Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
b116757
5 year old buck +
This is an interesting perspective why would you think this? I think population growth will stagnate in developed nations as it already has but there is still a lot of developing nations out there with population growth.
4wanderingeyes
5 year old buck +
when you consider the population that is gay, and lesbian, then add in the transgenders that are removing their sex organs, then add that on top of the baby boomers in their non productive, and dieing off stages of life.
Plus engineered diseases, wars, gangs, drugs, etc.. Plus many people not wanting to bring kids into this messed up world.
Telemark
5 year old buck +
That is unlikely as well. In the US, harvests will most likely increase due to the integration of AI into the agricultural sector. At the same time, China's population will be dropping dramatically, so global demand could decrease, depending on what happens in their domestic agricultural sector (they have had serious problem with African swine flu). This will probably make vegetables and meat cheaper to produce and ultimately more profitable than growing bugs in a lab.
Telemark
5 year old buck +
Populations in most developed nations are shrinking, not stagnating. Developing countries like India and Mexico are experiencing population stagnation. China and Russia are experiencing terminal population decline that might end up wiping those countries off the map in our lifetime. There aren't any other countries big enough to offset this trend. Nigeria is the biggest country with a rapidly growing population, but it's just not enough to overcome the trends in the larger countries.
Bowsnbucks
5 year old buck +
With land, you can at least grow your own food!!
News report just this morning - "...... 14 million more jobs to disappear from AI and automation ........" (I think they said in 20 years) Economists report.
Are we headed BACK to feudal times where we live off the land and barter?? AI and machines won't be buying food, finished goods, vehicles, real estate, etc. Self- check-outs at most stores now - got rid of those "entry jobs" too. Grab your hoe & cultivator.
Telemark
5 year old buck +
Like any other technology, AI is likely to eliminate some jobs. Buttons and automatic doors in elevators eliminated the need for elevator operators. Automobiles eliminated the need for stage coach drivers. Various technologies have been knocking the candle industry down for over 100 years. This is a natural part of the economy. The market adapts. It's not a problem at all.
Automation tends to be very misunderstood. First of all, it's not cheap. The machines, their maintenance, and the constant updating of the programming is very expensive. Because of the cost, automation tends to happen only where the market demands it. As the Boomers continue to retire, capital is likely to become more and more expensive, driving UP the cost of automation.
It is unlikely AI or automation will be threats to the economy. In fact, they are adding even better jobs to the economy. Some jobs, like certain artists and models, will become less necessary when AI can generate adequate images without the need for people, but those are likely to be bottom-rung artists, which is probably no big loss. What we gain is programming jobs that can easily pay 100k a year, and can be done from anywhere in the world.
Automation tends to be very misunderstood. First of all, it's not cheap. The machines, their maintenance, and the constant updating of the programming is very expensive. Because of the cost, automation tends to happen only where the market demands it. As the Boomers continue to retire, capital is likely to become more and more expensive, driving UP the cost of automation.
It is unlikely AI or automation will be threats to the economy. In fact, they are adding even better jobs to the economy. Some jobs, like certain artists and models, will become less necessary when AI can generate adequate images without the need for people, but those are likely to be bottom-rung artists, which is probably no big loss. What we gain is programming jobs that can easily pay 100k a year, and can be done from anywhere in the world.
4wanderingeyes
5 year old buck +
I disagree, to an extent. Sure the entry level jobs will disapear, to be replaced with the next level entry jobs. Someone needs to, design, build, fix, manage and over look the robots. The same scare came when computers were going to take over the world.
jsasker007
5 year old buck +
Lack of people willing to work brings on automation even faster. Products have to be made by something and people are not as good as machines. All automation will pay for itself eventually. I believe technology will be the downfall of civilization. jmho
Telemark
5 year old buck +
Right. Which means it's not taking jobs from people in that situation. With all the manufacturing jobs that are coming back to the US, some automation will probably be necessary, but that's not inherently problematic for the job market.
What do you mean by this? Automation only pays for itself if it produces something more valuable than the cost of the system. Automation is.not guaranteed to pay for itself because automation is extremely expensive.
SD51555
5 year old buck +
Looks like this deal might be kicking into high gear. It isn't just one bank at a time now, it looks like they're starting to go as a group. I tried to buy the puts yesterday, but TD wouldn't let me do it with unsettled $$. That should be resolved today. These were the after hours quotes from yesterday.
jsasker007
5 year old buck +
Automation is an upfront investment that's usually pretty costly but over time the money saved from paying people to do the work which the automation has replaced does pay for itself eventually. People are just an ongoing expense that just keeps getting more expensive as time goes on. People will let you down when you need them the most and the machines that replaced them never call in sick or go on vacation/retire with little to no notice. People are forcing businesses to switch over to automation because the people don't want to work and businesses have to keep production going or shut down/go out of business. People will still be needed for some things but once they are replaced with automation that job is forever gone from having babysit people and pay them all the benefits they have to have or they just stay home and live off the system. Once again the government is changing the way businesses operate and it never benefits the people. Welding jobs are being replaced with robots that work as long as you want them to work without any additional overtime pay or workers' comp premiums.
Bowsnbucks
5 year old buck +
Just a thought ..... "bottom-rung" jobs of any kind lost - are still folks out of work. Re-training for other skills isn't an overnight thing, and it costs money. If those lower-paid folks on the "bottom rungs" aren't able to save enough to pay for their re-training - how does new training happen?? Millions of hard-working, good folks just make enough to get by week-to-week, so where do the personal savings (for re-training) come from?? Government loans / grants?? (There's a lit match next to the gas can!) Not arguing here at all - but the re-training scenario isn't a flip of a switch speed-wise. It's easy for any of us to voice a quick answer ...... but much harder to make happen in the real world.
Bowsnbucks
5 year old buck +
The jobs/positions you listed don't seem to be "entry-level" jobs. Engineering and the highly technical fields - building & maintaining - require significant education and training.
Not everyone is an intellectual superstar either. What do those folks do??
All talk is about creating more "good-paying" jobs here in the U.S. - from both sides. But the business community is on a sprint to eliminate payroll jobs - NOT create more. If I tell you I'd like you to stay warm this winter (have a job), so prepare by cutting firewood (re-train yourself) - but then I suddenly move your firewood pile offshore .......... where are you now?? Let's not kid ourselves - businesses DO NOT want more people on the payroll. That's the whole reason for automation / AI.
Foggy47
5 year old buck +
^ Yep. Look at the many folks that are in their 50's and suddenly out of work. Hard to retrain many of those that are near retirement age. Detroit and steel mill towns are (were) full of folks that got left behind when their jobs were moved offshore or automated. Coal miners don't suddenly become wind farm techs. Sadly, many wont re-train for new technology.
4wanderingeyes
5 year old buck +
Well Bernie Sanders has a solution, up the minimum pay to $17 per hour.
That will just push companies to go offshore, or AI quicker!
That will just push companies to go offshore, or AI quicker!
