We have done it to ourselves, as usual. In the attempt to plug small holes we have created one big hole somewhere else. I am referring to automated services that have saved companies on labor, therefore lowering overhead and increasing profits. TEMPORARILY. The increase is temporary because, when you eliminate jobs with automation you eventually and permanently eliminated a group of customers. Not only for your individual company’s goods/services but other’s goods/services.
This is potentially why the recovery was a jobless recovery. Stocks were moved around, markets and currencies manipulated, people were fired, wages/benefits were cut, and web-sites and automatic check-in/check-out machines were introduced. A large segment of the especially unskilled population became unemployed. Unskilled workers, who were WILLING to work are now have to use unemployment and other publicly funded methods of staying ALIVE. Creating a burden on local and federal governments.
So that’s a double whammy. No spending, plus leaning on the state. These people were WILLING TO WORK, but in our selfish and eventually collective shortsightedness we have screwed ourselves in the long term. We forgot Stylistics’ song “People make the word go round.”
I propose what the nut in the cabin in the woods proposed. Destroy these computers and job-killing automated systems. This will take people off state and federal doles and pump money back into the economy. FDR didn’t just give out money, he did public works projects. He put people to work. We just give out money and people become complacent. NO. Americans need to regain the culture of earning a living. Also while were smashing computers lets get rid of these reality shows full of wealthy people who are living off inheritances or non-working wealthy. That’s a terrible example. I dont expect government to do it alone that would be too hands-on. We the people have to hold public entities public and private to task. We come back to the fact that, “People make the world go round”.