The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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This Is What Employment In America Really Looks Like…

Warren Buffett - Photo by Mark HirscheyThe level of employment in the United States has been declining since the year 2000.  There have been moments when things have appeared to have been getting better for a short period of time, and then the decline has resumed.  Thanks to the offshoring of millions of jobs, the replacement of millions of workers with technology and the overall weakness of the U.S. economy, the percentage of Americans that are actually working is significantly lower than it was when this century began.  And even though things have stabilized at a reduced level over the past few years, it is only a matter of time until the next major wave of the economic collapse strikes and the employment level goes even lower.  And the truth is that more good jobs are being lost every single day in America.  For example, as you will read about below, Warren Buffett is shutting down a Fruit of the Loom factory in Kentucky and moving it to Honduras just so that he can make a little bit more money.  We see this kind of betrayal over and over again, and it is absolutely ripping the middle class of America to shreds. (Read More....)

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Oxford Professors: Robots And Computers Could Take Half Our Jobs Within The Next 20 Years

Robot 2013What are human workers going to do when super-intelligent robots and computers are better than us at doing everything?  That is one of the questions that a new study by Dr. Carl Frey and Dr. Michael Osborne of Oxford University sought to address, and what they concluded was that 47 percent of all U.S. jobs could be automated within the next 20 years.  Considering the fact that the percentage of the U.S. population that is employed is already far lower than it was a decade ago, it is frightening to think that tens of millions more jobs could disappear due to technological advances over the next couple of decades.  I have written extensively about how we are already losing millions of jobs to super cheap labor on the other side of the globe.  What are middle class families going to do as technology also takes away huge numbers of our jobs at an ever increasing pace?  We live during a period of history when knowledge is increasing an an exponential rate.  In the past, when human workers were displaced by technology it also created new kinds of jobs that the world had never seen before.  But what happens when the day arrives when computers and robots can do almost everything more cheaply and more efficiently than humans can? (Read More....)

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10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American WorkerThe middle class American worker is in danger of becoming an endangered species.  The politicians are not telling you the truth, and the mainstream media is certainly not telling you the truth, but the reality is that there is nothing but bad news on the horizon for workers in the United States.  In the old days, when the big corporations that dominate our society did well, that also meant good things for American workers since those corporations would need more of us to work for them.  But in the emerging one world economic system that our economy is being merged into, those corporations have other choices now.  For instance, the big corporations can now choose to limit the number of "expensive" American workers that they employ by shipping millions of jobs to the other side of the world.  And from their perspective, it makes perfect sense.  They can make much bigger profits by hiring people on the other side of the planet to work for them for less than a dollar an hour.  If they can get good production out of those people, then why should they hire Americans for ten to twenty times as much, plus have to give those Americans health insurance and other benefits?  Another major factor in the slow, agonizing death of the American worker is technology.  We live during a period when technology is advancing at a pace that is almost unimaginable at the same time that it is steadily becoming cheaper and cheaper.  That means that it is going to become easier and easier for companies to replace workers with robots and computers.  As I have written about previously, it is being projected that our economy will lose millions of jobs to technology in the coming years.  Yes, some of us will still be needed to help build the robots and the computers, but not all of us will.  And of course the overall general weakness of the economy is not helping matters either.  The American people inherited the greatest economic machine in the history of the world, and we have wrecked it.  Decades of very foolish decisions have resulted in the period of steady economic decline that we are experiencing now. (Read More....)

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Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive?

Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive?Should we all quit working and jump on board the Obama gravy train?  Of course I am being facetious, but when you are barely surviving does there come a point when it just becomes easier to give up and totally rely on the government?  Today, the federal government runs nearly 80 different means-tested welfare programs, and many state and local governments have their own welfare programs on top of that.  If you become an expert on those programs and you learn how to game the system, can you live more comfortably than someone that lives honestly and works as hard as they can and yet still makes less than 10 dollars an hour?  Now, right from the outset of this article, let me make it abundantly clear that I do not believe that most people are abusing the system.  As I have written about over and over, the number of Americans living in poverty is rapidly increasing because there are not enough jobs.  There are not enough jobs because we are shipping millions of them out of the country to the other side of the globe, and we are also losing millions of jobs to technology.  There have always been those that need our help, and because of the foolish decisions that we have made as a nation, the ranks of the poor will continue to expand.  But it is also true that there are some people out there that are very brazenly abusing the system.  For example, is it really fair for people on food stamps to buy prime rib and lobster while many working families barely survive?  People like that are taking advantage of their fellow Americans, and they are making it harder for the people that really need the help to be able to get it. (Read More....)

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Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?

Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs? - Photo by stephen bowlerWill a robot take your job?  We have entered a period in human history when technology is advancing at an exponential rate.  In some ways, this has been a great blessing for humanity.  For example, I am absolutely blown away by all of the things that my little iPod can do.  But on the other hand, all of this technology is eliminating millions upon millions of high paying jobs.  In the past, I have written extensively about how millions of American jobs have been sent to the other side of the world, but now we may be moving into a time when workers all over the planet will be steadily losing jobs to super-efficient robots.  For employers, robots provide a lot of advantages to human workers.  Robots never complain, they never get tired, they never need vacation, they never show up late, they never waste time of Facebook, they don't need any health benefits and there are a whole lot of rules, regulations and taxes that you must deal with when you hire a human worker.  In the past, robots were exceedingly expensive, and that limited their usefulness in the workplace, but as you will see later in this article that is rapidly changing.  As robots continue to become even more advanced and even less expensive, will there eventually come a point where the "human worker" is virtually obsolete? (Read More....)

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Nothing Is Stable Anymore

The world is becoming a very unstable place, and the pace at which things are changing all around us has become absolutely mind-numbing.  In fact, change has become one of the only constants in today's world.  Once upon a time, people in the United States could actually make 20 or 30 year plans and feel confident about achieving them.  But now, nothing is stable anymore.  The financial crisis showed us that some of the biggest corporations on the globe can collapse in a single day.  The events of the past few weeks have shown us that entire governments can be brought down in a single week.  We live in a world where there are now very few "guarantees" that you can count on.  One of the only things that is guaranteed is that technology and information will continue to grow at exponential speeds.  This year, the total amount of information produced on electronic devices around the globe is projected to be more than a zettabyte.  A zettabyte is equivalent to one sextillion bytes.  In other words, imagine a one with more than 21 zeroes following it. (Read More....)

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