I first published the below essay one year ago. Recent events like Brexit, Trumpism and the rise of other populist movements in the developed world reflect the model change. The reactions of unfocused anger by the working class, fueled by political opportunists, are precursors of a tectonic shift in political-economic systems to come. We must adjust or face a bleak future. Hillary may be the last establishment president in the millennial's lifetime.
Thanks Henery 6/30/15
Thanks for the memories Henry Ford. You led the work-to-consume revolution that has lasted a century, but, alas, that model is in its death throes.
World labor costs are fast coming into balance and international corporations find it more difficult to find labor at a price that will provide, along with transportation a viable return to investors.
Where do the corporations go from here? In my considered opinion automated manufacturing is the logical next step in the labor cost evolution.
The digitizers in silicon valley have been predicting the “end of work” for some time now. All's well? No it is not, because we don't have a policy,or even a think tank advocating for a new economic model to replace the work to consume model.
Imagine if you will, a huge building where an operator and a materials loader are churning out thousands of auto parts every 24 hours every day of the year. When a printer part breaks another printer makes a new one.
Whom will have the ready cash to buy the parts except the few one time machine makers and the operators. Joe six pack can kiss his dream of an RV, a bass boat and steaks on the grill goodbye. That is, if he hasn't already, due to international labor price balancing.
My feeble input is to tax the machines and create demand by using the revenue to fix and create new infrastructure, expand and improve education. (reducing class size by half would double the teacher force and improve the students outcome) house the homeless and fix the addicted and on and on.