Every time man has turned to machine to do their work, people have worried that this will reduce jobs for real people, and every time they have been proved wrong. This’ll be no exception.

Great minds, eh?

good post. . part of mine:::

http://www.zerohedge.com/news/2015-10...

-- j
.

If this is recovery, doctor, how long before the patient dies?

I am more comfortable with that being 'in the future' than being 'now', but if this is the case...I don't get a choice. To me, the turning point is when fast food restaurants turn into robotic-cook vending machines and when autodrive cars deliver packages and pizza.

There is still some room to go before we get there...

Jan

A "recovery"? Not that I noticed. But then, I am
looking at it through a personal prejudice, being
still unemployed.

And the ones that will be force to pay for this gluttony of debt for statist dependancy are the ones that can't vote to stop it. That includes the unborn.
Is that fair?

The only recovery is in the minds of the washington elite. Otherwise there is no recovery now, never has been since 0 took office and i do not expect that you will see one in the near or distant future. If there is no recoverythe next recession will be worse than the last, however there is not going to be a recovery.

Another factor is what I call the "china effect"- we sent our manufacturing jobs over there for cost and complexity reasons, and then found out the at the managerial jobs which WERE needed here to manage the manufacturing jobs, and no longer needed (permanent change).

I suspect things might not be as bad as they look for a couple of reasons:

1) I think the effect of high welfare and unemployment payments tends to make more people NOT want to work, and we are seeing that 'unintended effect' of socialism.

2) The scale of the graphs makes it look like things are crashing, when in fact the change in percentage of people working is quite small.

Thanks for the chart, it conveys a very clear message.
Confirmed by the Fed, who know the economy is barely strong enough to withstand the occasional "hint" of higher interest rates, but not to actually raise them.

The liberal-progressive understanding of economics can only be described as primitive. They truly believe that it is possible to legislate fundamental economic principals. This is no more possible than legislating the value of pi or the properties of gravitation. As a result their approach to economics is indistinguishable from mysticism. Economics follows a recursive source-storage-path-load model that is very similar to that employed in the analysis of power distribution systems. Attempting to violate this fundamental principal is like trying to construct a perpetual motion machine and yet that is exactly what the lib-progs claim to be able to do.

Work towards a mostly cash position, and wait for a buying opportunity. After the run up from March, 2009, the party is pretty much over for me, until next time.

There has been speculation on a number of posts about the rise of the machines and the idea that at some point in the future there simply will not be enough productive jobs for everyone although we will still be able to produce sufficient goods and services for everyone.

One of the things that may have happened in the latest recession is that we passed that point. As I drive around Santa Clarita, my relatively affluent Los Angeles Suburb I am struck by the number of empty storefronts with rental signs. Retail is going away and all the jobs that go with it.

But I don't miss them, I buy everything online.

record 6 million full-time, high paying jobs gone...record 94+ million unemployeed working age adults...there has not been a recovery...it is a political, Fed-generated, media spin...if Hillary is elected (the media has already crowned her), the demise (new "normal") continues...

I saw a recent report that said that if you count people on government assistance as being unemployed that the actual unemployment rate is near 50%.

That, is one depressing graph!

The recession ended in the summer of 2009. This is the new norm. Get used to it. Adjust accordingly. And, yes, the next one will be bad.

People have to know how bad things really are. It makes me wonder if they believe the numbers being reported.

This is the plan ffa. Reduce the non-elites to abject poverty dependent on government handouts. They will not rest or be happy until every town looks like Detroit.