Tag Archives: 2017 predictions

Bits and Pieces – 20170226, Sunday

Commentary: Building on the the theme I started in Bits and Pieces – 20170224, Friday, the idea of a massive loss of service jobs, particularly in retailing, I would add this video from Gordon long today, LONGWave – 02 08 17 – FEBRUARY – A Rapidly Rupturing Retail Reality, in which he chronicles the collapse of bricks and mortar retaining in North America. Those retailing jobs are gone replaced by online retailing served by massive fulfillment centers as shown in the video Friday and in earlier clips for which I had posted links (but can’t find).

I had referenced two predictions that March 15 would usher in a period of chaos in financial markets. I realized today as I read another forecast from David Stockman that March 15th is the Ides of March. Should we pay attention to Caesar’s wife: Stockman: “After March 15 Everything Will Grind To A Halt”? Related to this is an article by Niel Howe (The Fourth Turning) in which he summarizes the generational cycle theory that he and William Strauss put forward in their book: “Welcome To The Next Awakening” – Author Of Steve Bannon’s Worldview Explains The Path Ahead. He places our current time in this framework and there is the suggestion that it is a philosophy that Steve Bannon is aware of.

Bits and Pieces – 20161210, Saturday

What We’re Reading Today

Commentary: I’m going to feature a concept that I have been chewing on for a while. The idea is that each revolution in human productivity rising with the industrial revolution has displaced a huge number of workers. People that try and dispel the fear that such job losses create unemployment argue that the technology of the revolution spawns new jobs in new industries that absorb the displaced labour force. While this has been apparently true in recent times, such people miss a key point.

Each technological revolution creates jobs that require a higher level of education/training and skill than the laid off workers have. This has become identifiable in the “knowledge revolution” where the required skill and education levels have moved up to requiring community college or university degrees.

To get an idea of the current state of employment in the US and by inference, Canada and other developed countries, read: Paul Craig Roberts – The Matrix Of Lies And What The Elite Are Really Up To Is Terrifying. In short the government defines the employment rate in a manner that excludes a large number of employable people while burying the fact that a lot of the jobs do not pay a living wage.

To see what’s coming next, read: Rise Of The Machines: Millions Of American Jobs Will Be Wiped Out In The Next Five Years. Government pronouncements of creating jobs are delusional. Bringing in a large immigrant population because we need their skillsdoes not change the current number of unemployed but increases the future number of unemployed when and immigrant lucky to land a job is displaced in the future. Programs like the 35,000 refugees with their education and skill levels simply moves the crisi forward in time.

Finally, the strongest argument supporting the idea of the start of a large permanently unemployed segment of society comes from the nature of the final stage of the industrial revolution that we are now in. The core product of this stage is the creation of labour and service units, growing in sophistication, that will displace large numbers of workers previously thought immune to automation.

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