The real threat to jobs is not immigration but automation, but only in unregulated capital markets.
The increased productivity gains (wealth creation) from automation and the resulting increased leisure time could potentially be a tremendous social good that benefits everyone with greater wealth and more free time to enjoy it in, but only in an economic system structured for equitable distribution of those gains — possibly in the form of something like a guaranteed minimum income or a distribution of profits like Alaska does from the extraction costs it exacts from oil companies.
For this to occur, public administration is required, either in the form of significant public oversight of private capital markets or some degree of socialization.
When the productive resources and the wealth they create are concentrated in the hands of a very few wealthy plutocrats in an unregulated capital market, automation further concentrates and cements their economic and political elitism, exponentially increasing wealth inequality.
Ultimately, this is where the struggle for greater income equality must receive greater attention.
The real threat to jobs is not immigration but automation, but only in unregulated capital markets.
The increased productivity gains (wealth creation) from automation and the resulting increased leisure time could potentially be a tremendous social good that benefits everyone with greater wealth and more free time to enjoy it in, but only in an economic system structured for equitable distribution of those gains — possibly in the form of something like a guaranteed minimum income or a distribution of profits like Alaska does from the extraction costs it exacts from oil companies.
For this to occur, public administration is required, either in the form of significant public oversight of private capital markets or some degree of socialization.
When the productive resources and the wealth they create are concentrated in the hands of a very few wealthy plutocrats in an unregulated capital market, automation further concentrates and cements their economic and political elitism, exponentially increasing wealth inequality.
Ultimately, this is where the struggle for greater income equality must receive greater attention.