
Posting today has been a real chore, because I began it with a funeral and a Catholic Mass, both of which always exhaust me, and the old friends I saw there (most of them, anyway) looked so much older than the last time I saw them that I am afraid to look in the mirror.
That makes two reasons I’m grateful for Humble Talent’s Comment of the Day on the post, “Second Most Incompetent Elected Official of the Month: Rep. Barbara Lee (D-Cal).” I’m exhausted, and the ethics issue he raises is a crucial one without an obvious solution.
Here it is:
***
The horrible thing about this conversation is that people like Lee have this nugget of truth, uncleverly hidden inside the fragrant package of their bullshit proposals, and that is that we need a plan going forward for labor. Workplace participation is going down, wages have been stagnant, cost of living is increasing, food back participation and foreclosure rates are rising… “Stock line goes up” be damned, the bottom seems to be falling out.
I don’t know what you realistically do about this. A “$50 minimum wage” seems like the kind of toddler thinking Democrats are good at: Address the problem by treating the most surface level of symptoms, realities of the market be damned.
Because the reality is that automation is already stealing jobs, and increasing the cost of labor just makes automation investment that much more appealing. That spirals into a situation where I think the average person is going to be unemployed.
And I don’t have the answer. This is a topic that keeps me up at night.
Frankly, I think that the decent into a laborless economy is unavoidable, it’s just a matter of time, regardless of whether or not we speed up the process with stupid policy. Right now, “Truck Driver” is the most common job in 29 out of the 50 states. As technology gets cheaper and as labor gets more expensive, eventually, I don’t think it’s impossible that in 20 years, self-driving vehicles will have made that job obsolete. What do you think that does to the market?
I think the fight that’s coming up is going to be whether we purposefully throttle innovation in order to preserve jobs, or we accept that the majority of people aren’t going to labor physically, and we start to conceptualize what that looks like. And again… Thoughts that keep me up: Even if we throttle our technology our adversaries won’t, so I don’t think that choice is viable, and I think the alternative is a deeply taxed, deeply controlled form of socialism. Which is obviously undesirable, but what else does capitalism look like when your average person owns nothing, and has no prospect to move forward with?