I'm not going to say Communism failed because they didn't have machine learning, but I have a feeling that a more equitable and humane economy is possible if all the variables in the equation are tuned right.
You might enjoy the book Red Plenty, which talks about a group of mathematicians who wanted to optimize the soviet economy with linear optimization, but were ultimately stymied by internal corruption and Brezhnevism.
Not just in low income jobs, either. I’ve been unable to hire quite a few folks in high tech because of our VISA process issues. Such a fucking mess.
This labor shortage feels like it could have been easily avoided with some common sense govt regulation, but America has gone totally off the deep end there.
Some of my family are very anti immigrant and glad to hear this. But I’m not sure they realize how much work is getting done in the US due to foreign labor. Combine declining immigration, declining birth rates, and a system predicated on uninterrupted, unending growth and this is setting up a big issue.
Then I realized the economic gain from labour made the whole deal very worth it for the USA. The whole idea of a workforce is that it produces more value than it costs. Although I could take the money, that generated value was staying in the USA [1]. Especially for high-skilled industries where the bottleneck to growth might be hiring, this was very much worth it for them.
[1]: This plus, of course, the chunk of capital the USA keeps as taxes.