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by noir-york
3493 days ago
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On one hand you have increasing immigration increasing the supply of labour. On the other hand, you have increasing automation reducing the demand for labour. And in the pinched middle you have falling wages. This cannot end well. I don't know which is the most dangerous scenario: the working classes taking it out on immigrants, or the working classes making common cause with immigrant labour against a Victorian economy of squalor, ill-health and poverty (which is good, but dangerous it had to get to this point) and turning revolutionary. The latter is a failure of politics. |
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At the moment the anger felt by people who fear for their jobs seems to be focused on immigration and free trade deals.
Immigration because people fear that somebody will come from another country and take their job, for less money, free trade deals because people fear their job will be outsourced to somebody cheaper in another country.
I believe this was a primary driver behind Brexit/Trump.
At some point these people will start to understand that it isn't just the immigrants threatening their jobs, it is also the programmers at home who automate them.