Reply #10: A country CAN NOT create wealth by economic inefficiency. [View All]

[Silverhair]

If you want to keep those construction workers employed at their old jobs, you are going to have to charge more for that house. It will end up costing MORE because you will have the workers who won't be doing anything and the cost of the robot too.

It is easy to run in the TV cameras and show the poor laid off worker. But if you kept the price high for the houses, how about the people that would have been helped by greatly cheaper quality housing?

Nor is it as bad as you make it out to be. Unemployment in the USA is a bit over 5%, and productivity is rising. And we get to have the benefits of greater efficiency. I am able to have a computer system for well under $600.00 that would have cost thousands only a few years ago. My first system in 1988 cost over $4,000 and it was only a 286 model with a dot-matrix printer.

Nobody is owed any guarantee that their trade will still be relevant at any time in the future. In my own life, I have had to switch fields several times. Early in my life, I made it a practice to ALWAYS have a profitable hobby that could be turned into an occupation if need be, or if not a hobby to have a secondary set of job skills. And it has happened to me several times that I have had to change. I landed on my feet because I was prepared. It is like having a parachute in a plane.

I definitely don't trust a big company to do anything but look out for itself and it's bottom line, so I match that by looking out for myself and my bottom line. Why should I have to depend upon someone else to do what I should be doing for myself?