Honestly we can’t fight the inevitable. The solution for those workers is getting a education and specializing. Its doesn’t mean a university either it can be a trade school or even an apprenticeship
There’s only so many tradesmen that are needed though. You get 20% of the unskilled labour market to specialize and all of a sudden every trades sector is over saturated.
The unskilled labour market is a lot of people. Using Canadian job data, assuming “service” jobs to be “unskilled” and “goods producing” to be “skilled” that’s 14M to 3M jobs.
Take just 20% of the unskilled jobs market and turn it to skilled jobs you almost double it to 5.8M
I don’t think you can almost double the skilled labour market and not have negative consequences, there’s not that much demand.
Then people will find new things to do. The extra man hours can be dedicated towards the manufacture of luxury products, art, and other less utilitarian items.
I do worry about the transition period, however. Mass unemployment isn’t a permanent problem, but in the short term it can be a very severe problem.
In the words of my old economics teacher, subsidizing a steel plant just because you don’t want to fire people may be inefficient, but do you really want to go walk in and tell a bunch of big steel workers their work is no longer worth it?
Honestly we can’t fight the inevitable. The solution for those workers is getting a education and specializing. Its doesn’t mean a university either it can be a trade school or even an apprenticeship
There’s only so many tradesmen that are needed though. You get 20% of the unskilled labour market to specialize and all of a sudden every trades sector is over saturated.
I don’t believe that’s how it works. Right now there is a ton of demand for skilled labor and I don’t foresee that changing
The unskilled labour market is a lot of people. Using Canadian job data, assuming “service” jobs to be “unskilled” and “goods producing” to be “skilled” that’s 14M to 3M jobs.
Take just 20% of the unskilled jobs market and turn it to skilled jobs you almost double it to 5.8M
I don’t think you can almost double the skilled labour market and not have negative consequences, there’s not that much demand.
Then people will find new things to do. The extra man hours can be dedicated towards the manufacture of luxury products, art, and other less utilitarian items.
I do worry about the transition period, however. Mass unemployment isn’t a permanent problem, but in the short term it can be a very severe problem.
In the words of my old economics teacher, subsidizing a steel plant just because you don’t want to fire people may be inefficient, but do you really want to go walk in and tell a bunch of big steel workers their work is no longer worth it?