What if we STRUCTURALLY have more people than there are jobs?

IF wages are to high thats because cost of living is to high.

When you can buy a coke for 5 cents and a car for 2000 dollars, a home to live in for 23,000 dollars

Maybe you will see wages dropping.

 

If there are too many looking for work, will it become that there are 20 applicants when a minimum wage job comes available?

Will we end up employing the huge majority of workers at minimum wage?

 

This isn't a new problem my friend. Ever been to a trailer park?

 

This question is a non-question. there's nothing different between industry getting more productive, and agriculture getting more productive since 10,000 or more years ago. what will happen with more productivity> a richer nation as a whole. more jobs in the tertiary sector, especially leisure.

 

Republicans shouldn't start threads.

 

Careful who you call a Republican, azzhole!

 

If there was a place to fade this comment, you could get odds.

 

Government will pick up the slack. Bigger government, higher taxes (just look at Britain).

I am sure the IRS is aware of the wealthiest individuals/entities...that's power, whether good or bad, who knows?

 

Will robots be paid in cash or otherwise, and if so, will they be taxed?

 

Didn't Margaret Thatcher once make a comment about, "... the problem with Socialism is that the wealthy eventually run out of money..." ??