Things went well until more recently, when they had the second industrial revolution as a result of computer and artificial intelligence.
Hollywood remained the dream maker, but Pixar required much fewer people to create Toy Story. Yes, a few highly skilled people remained to be needed to operate the complicated software, but the vast majority of those with an average intelligence, who used to fill in the colour or keep the pictures in order, lost their jobs. The quality of life does improve for those who could afford, but, for the rest of the society, their living standard actually deteriorates with the advance in technology - because they have no means to earn a living.
They are the excessive un-utilized productivity that Warren Buffett referred to.
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The very implication is, therefore, to keep the society in harmony, and to secure sufficient votes for the next election, the government has to think of enough silly things for ordinary people to do - so that they could earn their salt with dignity.
I shall not elaborate further.
1 comment:
Yes, people has not realized how much computer, technology and internet has changed our life (not necessarily into a better society).
It also become the accomplice of "globalization". Those "low tech job" can be readily done by people at the other part of the world, at a much lower cost.
As a remedy, the government pushes everyone into tertiary education , and the results =>學位大貶值。
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