Previously in USA history, as disruptive technology came along, there was non-regulation or deregulation to accomodate people adapting to the changes and finding work and jobs. All those people trapped in careers at Ma Bell in the 1980s, we able to quickly learn how to thrive in the new alternative after being fired from Ma Bell. Buggy whip makers began to wrap leather in steering wheels for Ford Motor Company.
We no longer have that. The rules, the regulations, taxes, etc now compel innovators to outsource the new jobs, and the welfare state traps the unemployed.
Mish has a series on a topic dear to my heart, and that is driverless trucks, a step toward mag lev. There is no need for drivers any longer, and this will work well if the Hegemon is not allowed ot participate. We only need to look at electric cars to see the most recent mess they make of things, of everything. They can't do their basic job, keep attackers out on 9-11, keep ebola out today, get currency right, manage the borders, etc. Why would anyone think they could manage or contribute anything in mag lev and smart roads?
But an even more basic problem is as all these truckers and taxi drivers become unemployed, there will be no new industries opening to which they may migrate. The telephone monopoly break-up was attended by telephone deregulation. No end to the work there. There is no longer any deregulation in USA. More welfare prisons ahead.
Deregulate something. Anything. Banking, medicine, roads... food, anything. The survival of USA depends on it.
Feel free to forward this by email to three of your friends.
We no longer have that. The rules, the regulations, taxes, etc now compel innovators to outsource the new jobs, and the welfare state traps the unemployed.
Mish has a series on a topic dear to my heart, and that is driverless trucks, a step toward mag lev. There is no need for drivers any longer, and this will work well if the Hegemon is not allowed ot participate. We only need to look at electric cars to see the most recent mess they make of things, of everything. They can't do their basic job, keep attackers out on 9-11, keep ebola out today, get currency right, manage the borders, etc. Why would anyone think they could manage or contribute anything in mag lev and smart roads?
But an even more basic problem is as all these truckers and taxi drivers become unemployed, there will be no new industries opening to which they may migrate. The telephone monopoly break-up was attended by telephone deregulation. No end to the work there. There is no longer any deregulation in USA. More welfare prisons ahead.
Deregulate something. Anything. Banking, medicine, roads... food, anything. The survival of USA depends on it.
Feel free to forward this by email to three of your friends.
3 comments:
"the welfare state traps the unemployed." - this statement is not accurate.
"Contrary the orthodox opinion, generous welfare benefits do not lead to higher unemployment, longer durations of unemployment or a disincentive to work."
See:
http://robertnielsen21.wordpress.com/2012/09/12/do-generous-welfare-benefits-lead-to-high-unemployment-long-version/
Well, I am not sure why I should care what some cracker named bobby has for his opinion, but in any case I said trap, not caring for duration, rate or incentive. People collecting unemployment are not working, by definition. There may not be jobs, but plenty of work. You may have noted the trap is self-inflicted, which I would agree. Unemployment is almost always voluntary.
John
I also agree that employment and being productive is better than getting government benefits. I think that there is plenty of opportunity for productive work as well. The problem is ignorance about entrepreneurship and what people are capable of doing. People today are conditioned to get a credential or degree and find a job with an existing company, rather than considering entrepreneurship like you teach.
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