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The Forum > Article Comments > Let’s kill welfare > Comments

Let’s kill welfare : Comments

By Everald Compton, published 3/7/2018

Around a decade from now, robots will be our prime source of productivity and we will lose control of them as robots will produce more robots without human input.

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opposing sides means all we get is lip service whilst they achieve nothing, except pile on debt.
Armchair Critic,
That is exactly what Trump is facing in his joint & look at the trouble is getting flung at him for trying to sort out the corruption. In Australia the verbal to-ing & fro-ing is meanwhile throwing fertiliser onto the debt heap.
Posted by individual, Wednesday, 4 July 2018 8:29:36 AM
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"The government has the power to create as many new jobs as there are workers available."

Governments can't create jobs only destroy them. At best governments can help create the business and economic environment wherein jobs can be created.

OTOH, although they can't create jobs they can, for a time, create employment. That is they can create circumstances where people are paid to turn up at some location to do things that aren't of any particular benefit to anyone. These things are called jobs but they are really just welfare by another name. Governments can perform this function for a period but as with all things, they eventually run out of other people's money.
Posted by mhaze, Wednesday, 4 July 2018 8:41:58 AM
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I'll believe it when I see it Everald.

Way back in the 60s we were told the computer would eliminate the office girl within a few years. Well it did eliminate the Comptometrist, but we had to hire many more to run the computer & fix it's stuff ups.

We have been hearing about the robot taking over all the work for decades, hell they even did a TV series, The Jetsons, but we are still waiting for flying cars, & talking ovens.
Posted by Hasbeen, Wednesday, 4 July 2018 1:23:45 PM
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Immagine a future where ALL interstate trucking is done by self driving trucks. Running 24/7, day and night, only stopping for fuel and servicing/mechanical repairs. Its’ ‘just around the corner’, say 5-10 years. It is already being donein the Pilbarra mine sites, all being ‘driven’ by a couple of folks sitting in an office in Perth. I agree with Ereralds comments/concerns with ‘getting ahead’ with the socio-cultural changes ahead.
Posted by Prompete, Wednesday, 4 July 2018 3:19:27 PM
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Armchair,
>No, they don't have to abandon balancing budgets.
Yes, Armchair, they do.

To create enough jobs, there's a limit to how much can be done with monetary policy (lowering interest rates so that the private sector puts more money into the economy). When that limit is reached, if the government wants to create more jobs it has to use fiscal policy (putting the money into the economy itself). And even if that limit is reached, monetary policy is sometimes the best option.

Coming up with, and implementing, policies that work looks like a big improvement compared to the status quo, but it's no substitute for expansionary fiscal policy
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mhaze,
>Governments can't create jobs only destroy them.
That statement is truly idiotic. A job is a job whether the employer is the government, or a private business under contract to the government, or a private business with no government involvement.

>That is they can create circumstances where people are paid to turn up at some location to do things that aren't of any particular benefit to anyone.
They could, but it would be stupid to do so because they can instead pay those people to do things that are of great benefit to many.

Our government is a sovereign currency issuer; it has unlimited credit so can't run out of money.

And government money is government money, not "other people's money". When you pay taxes, the money that you pay ceases to be yours.
Posted by Aidan, Wednesday, 4 July 2018 4:50:47 PM
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Funny isn't it. Trump has managed to set the jobs flowing in just a year in power.

Black & Hispanic unemployment is at it's lowest rate ever.

One of the car makers was planning to shut a US factory, & build a new one in Mexico. Trump told them if they did, he would slap a tariff on them so high, they would never sell any of the cars in the US.

If we had leaders worth their salt we would be telling fuel retailers that they must produce their petrol & diesel in Oz, & they won't be allowed market imported fuel.

Our fuel supply fiasco is the time bomb that will probably kill us.
Posted by Hasbeen, Wednesday, 4 July 2018 9:23:29 PM
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