eh, but if china is automating as much as we are, then there aren't going to be a lot of jobs in manufacturing even if we can compete with them. My understanding is that manufacturing just isn't as labor intensive as it was. Go back to the agriculture example. If a sector is automated away... then we need to find something else for the masses of workers to do, just like we did after Agriculture was automated away.
My point is that the fact that we haven't found new things for these people to do is the biggest problem. A far larger problem than owing paper money. (I'm not saying that debt isn't a problem; it certainly is. I'm just saying unemployment is a bigger problem.)
Are you suggesting that I'm wrong, that manufacturing jobs aren't being automated away? (It sounds like you would know better than I would.) I mean, if there are enough manufacturing jobs to go around, and China is just taking them, then that's a different problem. But my understanding is that the days of having large number of labor jobs in the manufacturing sector are gone; it's now mostly machines, with Engineers making new designs and technicians to keep the machines running.
The thing is, you need something for the masses to do. That used to be manufacturing, but not anymore. Until we figure out the answer to that, nothing else we change matters.
My point is that the fact that we haven't found new things for these people to do is the biggest problem. A far larger problem than owing paper money. (I'm not saying that debt isn't a problem; it certainly is. I'm just saying unemployment is a bigger problem.)
Are you suggesting that I'm wrong, that manufacturing jobs aren't being automated away? (It sounds like you would know better than I would.) I mean, if there are enough manufacturing jobs to go around, and China is just taking them, then that's a different problem. But my understanding is that the days of having large number of labor jobs in the manufacturing sector are gone; it's now mostly machines, with Engineers making new designs and technicians to keep the machines running.
The thing is, you need something for the masses to do. That used to be manufacturing, but not anymore. Until we figure out the answer to that, nothing else we change matters.