Henry Ford II:
"Walter, how are you going to get those robots to pay your union dues?"
Walter Reuther:
"Henry, how are you going to get them to buy your cars?"
The Dehumanization of Food-Like-Product
In a Real Economy, Supply is Demand
Then there were none: McJobs for everyone
The Dehumanization of Food-Like-Product
I just read this article on ZH threatening to replace all burger flippers with robots. The robots are going to make the burgers and then eat them. To assert that there's any "humanity" to be lost in the fast food industry is reminiscent of Mitt RomneyBot extolling the virtues of Chinese slave factories.
Who the fuck writes this depraved garbage anyway - I'm picturing a twelve year-old in the jungle with a pig's head on a stick. And what is the thought process exactly - "Well if I have to spend two dollars on a dollar meal, you can forget about it. If I'm to achieve my goal of having a massive heart attack before age 35, it needs to be as inexpensive as possible". To hear the Lost Boys tell the dire tale, soon we will all be relegated to combing through landfills for Slumdog scraps, while billionaires and their bukkake frat boys hide behind high walls with robots and drones attending their every whim. Suffice to say that many millions of rounds of ammunition will have been expended before that ever happens. The first step towards becoming a Third World nation is to adopt the all important Third World mindset, as in "Fuck you jack, I'm Ok".
Who the fuck writes this depraved garbage anyway - I'm picturing a twelve year-old in the jungle with a pig's head on a stick. And what is the thought process exactly - "Well if I have to spend two dollars on a dollar meal, you can forget about it. If I'm to achieve my goal of having a massive heart attack before age 35, it needs to be as inexpensive as possible". To hear the Lost Boys tell the dire tale, soon we will all be relegated to combing through landfills for Slumdog scraps, while billionaires and their bukkake frat boys hide behind high walls with robots and drones attending their every whim. Suffice to say that many millions of rounds of ammunition will have been expended before that ever happens. The first step towards becoming a Third World nation is to adopt the all important Third World mindset, as in "Fuck you jack, I'm Ok".
In a Real Economy, Supply is Demand
A true economy consists of people making things for other people. Not robots making things for other robots. No fancy derivatives. No recurring trade deficits. No subprime. No too big to fail. No MBAs rent-seeking millions trading pieces of paper back and forth in a zero sum game. No billionaires arbitraging temporary profits by buying cheap junk in one locale and selling it in another locale, using ever-more debt to broker the difference. No Federal Reserve to inflate the money supply while the real economy gets sold to the highest bidder. No printing money to inflate Microsoft.
Then there were none: McJobs for everyone
It's very clear to me by 99% of the commentary I read right now, that the frat boys and self-absorbed yuppies don't have a clue that they are next in line to ride under the bus. Soon all of the outsourcers at large and their apologists will know what it feels like when a McJob is the only remaining option. I highly doubt there will be much debate over the minimum wage at that point in time.
[And for the record, McDonald's is having its worst year in a decade with sales of food-like-product down 3.7% in August]
I'm Lovin' It.
