At some point in the not
to distant future the time tested economic model of investors forming
corporation and hiring worker to produce goods that the workers, in
turn, consume will have to be revised.
As discussed in Part I
the need for a mass class of low and semi skilled manufacturing
workers is rapidly disappearing. Low paying retail sales and service
employment will not support a prospering consumption based economy.
I posit that a new wealth
distribution system must evolve as the need for manufacturing labor
declines.
There are trillions of
dollars worth of basic public infrastructure creation and maintenance
needs that are not now being accomplished.
Where will the money come
from to pay for this public work as the labor tax base declines.
1. Tax the machines that
have replaced the tax paying workers or 2. Corporations can assume
responsibility for infrastructure in their area of interest and
operation, using the huge stockpile of cash earned from reduced labor
costs.
These are just two of
many possible ideas and the details are too complex to be dealt with
in this forum.
Maybe this is a beginning
of a much needed political and social conversation.
After all “what's a
society to do with the under-natured and under-nurtued demographic as
low skilled manufacturing jobs disappear.
Send me your thoughts
Paul Hunter
paulhunter45177@gmail.com
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