The Coming Economic Hell For American Families

Job destruction, despite periodic upward “bumps” is permanent and escalating. The world is in the middle of the Third Industrial Revolution and the owners of the means of production are using this 3rd Industrial Revolution to automate all jobs so that they no longer will be required to pay salaries, wages and commissions. It is that simple. Technology now makes it possible to eliminate human beings from the work force. Nor will U.S. and foreign employers share their newfound billions and trillions of dollars of wealth. Banks and businesses are not sharing their billions and trillions of dollars of “bail out” money of today. Loans are not being made and U.S.-based jobs are not being created…and why should they. Employers make and save money by destroying traditional jobs by means of outsourcing, insourcing (i.e. H1B Visa workers) and automation. Just reaf Jeremy Rifkin’s 1994 book The End of Work or William Brain’s internet articles Robotic Nation. Unemployment will be 50% by 2050 and 95% by 2100 A.D. Federal government will be forced to pay families riddled with unemployment federal stipends up to $50,000 or watch the worldwide violence of 1991-2011 escalate.