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The Forum > Article Comments > Unemployed ? Get used to it ! > Comments

Unemployed ? Get used to it ! : Comments

By Geoff Lines, published 2/12/2014

Youth Unemployment is hitting 20% in some areas of Australia. Well, get used to it. In 30-50 years unemployment will average at least 33% for everyone!

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If we are to import all our durable goods and processed food, how are we to pay for it? With I.O.U's, written on toilet paper?

We have brought the cost of building houses way down; but have more pro rata homelessness, now than at any other time in our brief history!
Why?
Well Greed coupled to political incompetence or self interest? Same diff!
And more of the same aspirational endevour, will simply compound the problem!

I am not my brothers keeper! Yes I am, if I depend on his consumption for the very life of mine or any enterprise?

The alternative? No go ghettos where only lawlessness and crime flourish! And an endlessly shrinking better off element that live in prisons of their own making!

So what's the answer?
Simply put, cooperative capitalism comrade, and lots of it; with the drones, robber barons and professional parasites made to roll their sleeves up and finally get their hands dirty, literally!
That has to mean quite massive tax reform and vast simplification; that also acts to end all avoidance!

And a return to Keynesian economics, that dragged us out of the last great depression and into a period of unprecedented prosperity.
Along with a return to cost only, Government supplied essential service and energy provision that undeniably supported/underpinned it!

Some people bereft of a single scaric of future vision; will reject some of these answers out of hand and unexamined, all while supporting a vastly more expensive farm bill, millionaire medicine, family trusts, negative gearing, preferential treatment of super super, (welfare for the rich) and massive government subsidies for things like vastly overproduced mountainous sugar; and an endlessly declining (discretionary spending) middle class!?

And just what you'd expect when dogma and ideology (the inmates have taken over and are running the asylum) totally replace logic and reason; or just plain old fashioned common sense, or even the wisdom of, [we've seen it all before,] the still mentally agile aged!
Rhrosty.
Posted by Rhrosty, Tuesday, 2 December 2014 11:48:06 AM
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Well said, Aidan.

While ever people have wants that can be satisfied by human effort, there will be nor shortage of jobs.

The idea that machines are going to cause mass unemployment has always been wrong for that reason.

The Luddites smashed machine looms, because they reasoned that it was going to put all the hand-loom weavers out of work.

I remember in the 1980s people moaning and fretting about how computers were going to put everyone out of work.

We have to distinguish between unemployment that is caused by market forces, and unemployment that is caused by government.

Unemployment caused by market forces is like when cars replaced horse-buggies, or biros replaced fountain pens, or CD players replaced record players. This social disruption is caused by the fact that society doesn't want what the workers formerly supplied. The best way to deal with it, is to leave people free to move from one area of work to another. They do not have a right to policies forcing everyone else to pay them to supply what is no longer wanted.

Unemployment caused by government includes that caused by taxation killing employment, manipulating the credit supply causing recessions killing employment, occupational licensing killing competition, treating employing people as an intrinsically anti-social and unfair behaviour thus killing employment, taxing payrolls killing employment, shafting the costs of social welfarist schemes such as superannuation (retirement) onto businesses thus killing employment, treating employers as a class enemy thus killing employment, and so on.

This kind of anti-social destructionism provides no corresponding net benefit to society as a whole, and is eminently avoidable. It is just parasitic behaviour and should be abolished. It's made even more nauseating when government then appears concerned about unemployment and masquerading as the saviour of society with more of the snake-oil redistribution schemes that caused the avoidable problem in the first place.
Posted by Jardine K. Jardine, Tuesday, 2 December 2014 12:45:42 PM
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JKJ, has hit the nail on the head. Every new technological break through has had those wailing that it will put everyone out of work, with pretty much the opposite happening. What it does is enable the same number of people to produce more, thus which increases productivity, and the net income of everyone.
Posted by Shadow Minister, Tuesday, 2 December 2014 1:16:16 PM
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Hi Guys

Now with such high youth unemployment building a generation of no hope, Wouldn't we be better off retiring some older people to free up some jobs or at least do an apprenticeship type training rather then raising the retirement age and FORCING both parents to working just to survive, And building another generation of no hope no job no future
Posted by Aussieboy, Tuesday, 2 December 2014 2:19:19 PM
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The new jobs are service based, washing each others dogs, personal trainers, serving coffee etc

And bureaucrats, we seem to need an endless supply of them.

Her's an interesting article,

http://www.salon.com/2014/06/01/help_us_thomas_piketty_the_1s_sick_and_twisted_new_scheme/
Posted by Valley Guy, Tuesday, 2 December 2014 2:55:02 PM
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Geoff do you really think there would still be a functioning society as unemployment went past 25%.

Yes OK, if we add all the useless bureaucrats the unemployed & the aged pensioners together we are probably close to that level now, & our society is not making it. Our head is about to go under at this load of freeloaders, & the future does not look pretty. It will not take much further increase in welfare recipients for total failure to occur.

We will collapse long before we could get to 30%, even if half of them were sacked bludging bureaucrats, university staff, & other useless flotsam.

So sorry mate, we will never get used to 30% unemployed, as there is no way we could survive to get there.
Posted by Hasbeen, Tuesday, 2 December 2014 4:28:00 PM
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