Alternative Title:
What Good is a $1000 Bonus if you’ve Been Laid Off?
I really wasn’t sure what noun to use in place of the
“@$!*&$%!” in the title.
Depression? Collapse? Armageddon?
Shitstorm?? I was looking for
something that conveys a worrisome time – and this was when I was actually more
optimistic about the upcoming year.
No, really. I tried
very hard to be optimistic, and in the short run, I suppose things are looking
up. We’re hoping 2018 is what 2017 was
supposed to be – we sell the business, retire, build and then move into a new
home. And while it’s true that we’ve
been looking forward to retirement for some time, recent events make it clear that
once we hand off the business to a new owner, we damn well better retire
because the job market ain’t lookin’ so hot.
Sure, sure, I know what you’re about to say – what about
that “Tax Cuts and Jobs Act” that the GOP just passed.
Do not make me laugh.
I am currently reading Rise
of the Robots by Martin Ford. It’s
scary stuff about how automation is not just making many blue collar jobs
disappear, but as technology improves, it’s white collar, high tech, high-end
jobs that are vanishing, too. I’ve known
about how automation can reshape an industry – as a former radio DJ, I realize
that damn near everything today on-air is digital, including the jock. Live DJ’s are as rare as 45s. Or albums.
Or hell, CDs.
And who isn’t familiar with ATM’s? Now just for cash – many race tracks have
fewer ticket windows and more self-serve betting machines. Casinos with poker rooms are replacing live
dealers with automated tables. Vending
machines nowadays dispense all kinds of foods (hot, cold, frozen), and many
non-food items. Self-serve
checkouts. Self-serve ordering
kiosks. Roombas. No people, no jobs…just machines.
You only need pick up a newspaper (where many articles are
actually written by computers) and see where many companies (including ones
bragging about handing out bonuses just recently after the aforementioned “Tax
Cuts and Jobs Act”) are either laying off hundreds or thousands of workers, or
planning to in the coming year. There is
even a website where you can learn
all about new layoffs, all the time. Layoffs
in steel, healthcare, and, of course, manufacturing. Ford,
Microsoft,
Boeing,
GE, Kraft,
AT&T,
and Carrier
- layoffs galore. Not creating jobs – eliminating
them.
This is nothing new.
Job creation ever since the Great Recession has been steady, but it’s
mainly low-to-mid paying jobs in the service sector. Few jobs in manufacturing. This year, despite the self-congratulatory
prose from Trump, looks to be the lowest year for new job creation since 2010.
BTW – very few products with any kind of “Trump”
branding – ties, jewelry, water, vodka, suits, etc – is made in the USA. Just sayin’ is all.
Combine automation with off-shoring, and it means fewer jobs
for Americans. And that’s the wave of
the future. Why would companies do
this? To make more money. You can easily see that the future looks dim
for everyone but the very rich, those already secure in their largess. More and more jobs will become automated – skilled
jobs, service jobs, tech jobs, white collar jobs, all sorts of jobs that can be
handles by a robot or algorithm; not just the manufacturing section. Of course, to implement more automation,
corporations would need a very large infusion of cash.
Where, oh where, could they get such an infusion? Why, the “Tax Cuts and Jobs Act,” of course.
Oooops.
Well, like I said, it’s nothing I
have to worry about. After all, I am
looking forward to retirement, and as long as the GOP and Trump keep their
grubby mitts off Social Security and Medicare, I am set for life.
Oooops.
Happy New Year, everyone. Buckle up.