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Could automation make things worse if the private sector has no incentive to reduce unemployment?

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Private companies always seek to maximise profits.
Increase in efficiency and productivity normally results in a reduction workers.
Increased competition for jobs leads to reduction in overall wages.
Lower wages quickly lead to a culture of unpaid work experience.

Obviously the private sector has no moral or business obligation to reduce unemployment and increase wages. And governments haven’t been interested in tackling the productivity/wage gap for decades.

If you want to increase productivity you’re basically going to have to cut millions of jobs and straight up automate everything and invent bullshit jobs to keep the masses from rioting.

So what is the solution besides complete apathy? Because we might be happy with the low unemployment we have now, but thats just more people doing low wage unskilled jobs leading to an overall reduction or stagnation of productivity.

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Posted by (Questions: 41, Responses: 53)
Posted on 12/01/2017 9:55 AM
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Good question. Honestly, it’s really hard to see how this doesn’t all lead to a basic guaranteed income, higher taxes on the wealth or some combo of the two.

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Cullen Roche Posted by (Questions: 10, Responses: 1800)
Answered on 12/05/2017 10:26 PM
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Automation has always been extremely important from the very first days of the industrial revolution. We should be leading in designing and using more and more complex automation tools since that is a very high tech industry. Employing and using these fantastic machines is the key. God bless the highly educated “fix-it people”.

https://www.thearmadagroup.com/recruiting/want-to-become-an-automation-engineer-here-s-what-it-takes

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Posted by (Questions: 27, Responses: 283)
Answered on 12/05/2017 11:04 PM
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Posted by (Questions: 27, Responses: 283)
Answered on 12/05/2017 11:15 PM
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Examples of jobs lost to technology:

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Posted by (Questions: 27, Responses: 283)
Answered on 12/08/2017 8:22 PM