<story><title>It’s not a ‘labor shortage,’ it’s a reassessment of work</title><url>https://www.washingtonpost.com/business/2021/05/07/jobs-report-labor-shortage-analysis/</url></story><parent_chain><item><author>medium_burrito</author><text>The article doesn&amp;#x27;t say it of course, but the big question is what happens when the government keeps the dole, at least past midterm elections?&lt;p&gt;There&amp;#x27;s tremendous automation happening right now, and it&amp;#x27;ll accelerate, to the point where if the government waits 2 years, a good portion of those jobs likely won&amp;#x27;t exist, and the government will never be able to get rid of the dole.&lt;p&gt;It&amp;#x27;s kind of like quantitative easing infinity, except for the poors.</text></item></parent_chain><comment><author>hardwaresofton</author><text>Well we’ve had QE and tax cuts for the rich for a good long while now, pendulum swinging the other way feels warranted.&lt;p&gt;You know what’s crazy? The solution is very simple. Pay workers more. The minimum wage is not a living wage. Heavily fine companies that attempt to run models that cannot support paying a living wage. The uninformed think that this will stop innovation, but it will only slow it, and that’s OK. Innovation is fueled by need or greed, and the VCs who complain about mandated high wages will indeed be greedy enough to fund the next batch of companies, because even if your returns go from 1000x to 100x (when you win), the returns still beat a lot of other investment vehicles.</text></comment>
<story><title>It’s not a ‘labor shortage,’ it’s a reassessment of work</title><url>https://www.washingtonpost.com/business/2021/05/07/jobs-report-labor-shortage-analysis/</url></story><parent_chain><item><author>medium_burrito</author><text>The article doesn&amp;#x27;t say it of course, but the big question is what happens when the government keeps the dole, at least past midterm elections?&lt;p&gt;There&amp;#x27;s tremendous automation happening right now, and it&amp;#x27;ll accelerate, to the point where if the government waits 2 years, a good portion of those jobs likely won&amp;#x27;t exist, and the government will never be able to get rid of the dole.&lt;p&gt;It&amp;#x27;s kind of like quantitative easing infinity, except for the poors.</text></item></parent_chain><comment><author>BuyMyBitcoins</author><text>The United States is already at the point where a senatorial candidate campaigned on ‘vote for me and you’ll get that $2,000 check’. You can Google Raphael Warnock’s exact phrasing on the campaign ad but that was basically the pitch in the GA runoffs.&lt;p&gt;The dole is here to stay.</text></comment>