Economics Still Divide America

A recent AP article, “Divided America: Rosy Economic Averages Bypass Many in US,: by Christopher S. Rugaber on June 9, 2016, utilized the typical economic stagnation found in Memphis TN to illustrate the lingering economic malaise that has dogged America’s slowest economic “recovery” in many generations. The recovery supposedly has been in effect for a couple of years now according to the economists’ indicators. But more and more these measures do not mean “squat” for the vast numbers of struggling Americans who are not wealthy, college educated and employed in professions favored by the emerging new information and technological age. Only a few weeks ago, the head of the Bank of England made a somewhat chilling speech in which he actually outlined and named broad categories of jobs that he predicted would be ELIMINATED almost entirely by robotic replacements, and automation of all sorts in the next 25 years or so. Although it was daunting to read, the kinds of jobs he enumerated were not surprised, those of the unskilled, undereducated, line production workers in all sorts of industries, customer services jobs etc. Much as this next industrial revolution might hurt the developed world, it could be truly catastrophic for the Third World economies so dependent on such modes of work and earning a living in the hundreds of millions, a demographic that dwarfs our own.

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