Our Economic Success Is Setting Us Up For An Absolute Disaster

Monday, November 28, 2016
By Paul Martin

CHRISTOPHER BEDFORD
Senior Editor, The Daily Caller; Editor in Chief, TheDCNF
DailyCaller.com
11/27/2016

Cold winds are blowing on America’s workers, and no matter what Washington does, it’s going to get worse than anything we’ve ever seen.

Every day, workers feel the squeeze, and it isn’t simply the problems Donald Trump has given voice to — real things like illegal immigration, outsourcing overseas and unwise trade agreements — it’s things business innovators have touted, like the relentless march of technology.

In 1960, the American auto industry employed directly or indirectly approximately a sixth of working-age Americans; today, that number is closer to 1.7 million workers out of 156 million working-age Americans. These modern workers manufacture a car every 55 seconds — it simply takes less people to accomplish more. It’s easier to buy a car these days, but rarer to make a living on them, and the trend toward automation is going to continue.

By 2030, McKinsey estimates that up to 15 percent of cars still made in the United States will be automated, and every year, Google and Tesla and other industry leaders pour millions into their progress. Just a few short years after massively disrupting the taxicab industry, Uber is experimenting with self-driving technology in Pittsburgh. For the millions of people without college degrees who drive cabs, trucks and busses for a living, the implication is clear.

The Rest…HERE

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