Global Capitalism: June 2013 Monthly Update (Richard Wolff)
Economics
Posted Aug 13, 2013, 3:36 AM UTC
362
[deleted]•
One thing he completely fails to account for, in this otherwise shrewd and necessary talk, is the role of automation and techological/climatic change.
It's not that jobs 'aren't coming back' as he hammers home, it's that they will not exist anymore. Otherwise, he is spot on, but I think his analysis would benefit from incorporating a few extra-economic trends that will be having a decisive impact alongside the factors he outlines.
One thing he completely fails to account for, in this otherwise shrewd and necessary talk, is the role of automation and techological/climatic change.
It's not that jobs 'aren't coming back' as he hammers home, it's that they will not exist anymore. Otherwise, he is spot on, but I think his analysis would benefit from incorporating a few extra-economic trends that will be having a decisive impact alongside the factors he outlines.
Two complimentary resources here: