Thursday, August 25, 2016

The Declining Return On Humans

Here is a sober, very alarming look at our future:

Do you feel something is wrong with the United States and the global economy? Despite a respectable recovery and low unemployment, many people aren’t happy with their current economic situation or their outlook for the future. From rising prices for basic necessities or schooling, to harsh competition and low pay for lower income jobs to negative interest rates—the poor and the middle class all have their problems to deal with.

Experts in the government or central banks are trying to manage a suboptimal situation but cannot isolate the problem, let alone offer solutions. Or maybe they know what’s wrong but don’t want to talk about it because the truth is too shocking.

Enter Viktor Shvets, the global strategist of the investment bank Macquarie Group. He not only dares to think outside the box but also isn’t afraid to openly voice his opinions, which are fascinating and shocking at the same time.

“The private sector will never recover, it will never multiply money again,” he told Epoch Times in an interview. His main theme is the “declining return on humans,” which means that in today’s digital world, normal humans don’t grow productivity fast enough to justify more jobs and higher wages as the machines are taking over.

“There is no productivity on a global basis. Secular stagnation, technological shifts, monetary policy, all are suppressing productivity growth rates,” he says. But what about technology making humans more productive? Shvets says this was true in the first and second industrial revolution where displaced jobs such as horse-cart drivers eventually morphed into higher tech and higher productivity ones like the taxi driver.

However, in this, the third industrial revolution, machines are not augmenting humans, they are replacing them. The self-driving car will completely eliminate the driver. And even in the previous more mechanical industrial revolutions, it often took decades for productivity growth to recover and for jobs to come back, only after higher productivity sectors dominated the majority of the economy.

You can read the rest @

This echoes my concerns about robots and AI. The living dead (a.k.a. corporations) need to replace us with robots to survive. That does not bode well for OUR chances at survival.

When the "smartest" people claim that humans are a threat not only to corporate profits but also to the very health of the planet, a massive holocaust cannot be far off.

Reports like this one which state that humanity has been harming the planet for a very long time imply that We The People must somehow be "dealt with":

Note well that in spite of the fact corporations always have been the greatest environmental threat, We The People are being blamed for everything the living dead have done. They will continue to thrive while we will be wiped out.

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