I think that within the next N (15-30?) years, we'll reach a point in time when more people will be employed than will ever be employed after that time.
Do you think this will happen (globally, or in the US, etc.), and when do you think it will occur?
1. technological advancements and automation (i.e., "Tractored Out" - see http://www.livinghistoryfarm.org/farminginthe30s/machines_02...)
2. population decrease (e.g., less people needed to support the wealthy, due to reason 1, causing long-term famine and eventual decrease in population)
3. wealth distribution and socialism, due to reason 1 (resulting in equalized output without increasing labor requirements)
I'd like to coin "Peak Slavery" for the following:
I think that within the next N (15-30?) years, we'll reach a point in time when more people will be enslaved and waged-slaved than will ever be employed after that time.
Do you think this will happen (globally, or in the US, etc.), and when do you think it will occur?
http://theneedleblog.wordpress.com/2012/07/10/peak-employmen...