Will minimum wage hikes lead to a huge boost in automation? Only if we're lucky
I&#x27;m all for raising the minimum wage, temporarily it may help people for several years. The truth is the automation wave is coming quickly regardless of what people are paid. And it&#x27;s not for just minimum wage jobs. Think about jobs like truck driver where there&#x27;s probably several million people who count this as their profession in the US. In 10-20 years, that number will probably approach 0.<p>There&#x27;s a nasty new world order coming where a vast majority of jobs will be gone. There will be super wealthy &#x27;robot owners&#x27; and peasant&#x2F;slaves, and probably first in america.<p>The only hope is that the government completely changes the entire society through &#x27;more than&#x27; basic income. Of course we know that won&#x27;t happen. It is high unlikely that even a subsistent basic income will be put in place. The government is run by the super-rich, and really only does what ever it takes to protect their interests.<p>Hopefully my life span doesn&#x27;t range long enough that i feel the devastating impact of these changes, but i fear the timespan where this occurs is so accelerating that it will be here in force way before we estimate it today. 30 years? I can see it being here in 30 years.<p>Even if you have a job that is &#x27;automation-proof&#x27; or &#x27;automation-resistent&#x27; but not an elite, your income will be paltry compared to the super rich class, and thus you will be relegated to the masses.<p>Yeah, I know, i sound hysterical. Hopefully i am. I doubt it.