CAC Man Breaks Down Why Young People Can't Find Jobs

[Master Teacher]

This. I don't get why these cats keep saying technology will somehow make everyone obsolete. We're moving towards a different world that requires a different skill. Many (better-paying) jobs will be created. Technology has to be maintained and technology doesn't create itself.

Not everyone can be techs though

when 3d printers are building sub divisions of houses, all those workers will no longer have jobs
they already have automated factories where a few people maintain it while the machines work

bottom line is people are gonna have to learn to create businesses and provide services of their own to survive
there aren't enough good paying jobs for the majority, those days are over

the people that are complaining about job aren't the techs or people skilled in those fields, is everybody else who's job are being replaced by the tech thats being created

 

[Black smoke and cac jokes]

I took a bunch of econ classes too. Lets see some answers since this guy is so wrong.

you work in the industry?

no one in the financial world gives a shyt about the economists.

The financially industry is heavily based on economist predictions both within private banks, brokers etc and external.

I'll give you some misstatements from the video:

- He said jobs don't come from the government
- All economic growth comes from private sector...
- Tax increase being a large factor in companies "shrinking", making a 37% tax rate "increase" comparable to 37% less in private sector "stuff"
- USA being an anti-business environment
- Wtf does being a socialist have to do with making an analysis of the economy?
- Comparing small artificially created states like Singapore and Bermuda to USA
- Keystone pipeline
- Saying that USA doesn't start a lot of companies because of the regulations
- Calling promotions within a company turnovers
- Thinking consumption would reinvigorate the economy (hope he is talking short-term)
- Spending 15 minutes of the video talking about people being financially illiterate and then in the end speaks about people need to invest more...

This. I don't get why these cats keep saying technology will somehow make everyone obsolete. We're moving towards a different world that requires a different skill. Many (better-paying) jobs will be created. Technology has to be maintained and technology doesn't create itself.

I totally agree with you but the problem isn't that different skill-set is required it is instead the degree of skill-set required will create an elitist society where only a few will have access to the resources needed to advance in your respective field. Also, a functioning economy is dependent on producing low wage jobs because it is the fastest way for natural growth and provides a venue for the majority of the population to participate in the ever-changing job market. What the USA is doing is building an economy primarily focused on service which will defunct the ability for the financially misfortune to establish themselves.

 

[KingpinOG]

I'll give you some misstatements from the video:

- He said jobs don't come from the government
- All economic growth comes from private sector...

Are you really this stupid???

 

[Black smoke and cac jokes]

Are you really this stupid???

Enlighten me....

 

[JT-Money]

Not everyone can be techs though

when 3d printers are building sub divisions of houses, all those workers will no longer have jobs
they already have automated factories where a few people maintain it while the machines work

bottom line is people are gonna have to learn to create businesses and provide services of their own to survive
there aren't enough good paying jobs for the majority, those days are over

the people that are complaining about job aren't the techs or people skilled in those fields, is everybody else who's job are being replaced by the tech thats being created

I don't think technology advances is what's destroying most of these jobs. Outsourcing and free trade agreements are the sole reason employment has stagnated in the US.

Most of the hype you hear about technologies like 3D printing may never even become a reality.

 

[Serious]

Old Economy Steve @88m3

 

[Master Teacher]

I don't think technology advances is what's destroying most of these jobs. Outsourcing and free trade agreements are the sole reason employment has stagnated in the US.

Most of the hype you hear about technologies like 3D printing may never even become a reality.

3d printing is already a reality, they've already designed the 3d printer for a house, they just need to build it, it was more than possible at this point

 

[Handsback]

What are you talking about? Obviously this guy is not a professional economist, but the gist of what he is saying is mainstream conservative economic thought. Plenty of experts and economists would agree with what he is saying. You just don't like him because you disagree with him.

If you think that all economists think the same way on economic issues then you didn't get much of an education.

I don't like him because I expect egos to be left at the door when discussing these things. That and he didn't point to anything to back up his assertions. I lean towards reading the big names with credentials behind them. I don't know many economists that would agree with him. I'm sure plenty of conservatives do though. Anybody in particular you were thinking of?

 

[JT-Money]

3d printing is already a reality, they've already designed the 3d printer for a house, they just need to build it, it was more than possible at this point

If 3D printers can get past all the current manufacturers who will fight like crazy to make sure it doesn't destroy their own business models maybe.

 

[NZA]

Nah. Technology actually creates jobs. The downside is that it must first phase out old ones. Destroy and Rebuild. There are job sectors and new positions that haven't been created yet but will exist in the future because of technology.

that's not some universal truth. it is theoretically possible for tech to create a net loss in jobs and/or a net loss in pay for jobs. in the past, tech created more advanced analogs to older things, which meant that you could expect a higher tech version of a job that people were more or less familiar with (builders of buggies become builders of automobiles) but now technology is either capable of doing the work itself, or helping a smaller number of people do the work of several people.

truly innovative products or services can be great for workers, but those are fewer and far between. incremental advancements in robotics and office worker technologies are terrible for workers in advanced economies.

 

[NZA]

I don't think technology advances is what's destroying most of these jobs. Outsourcing and free trade agreements are the sole reason employment has stagnated in the US.

Most of the hype you hear about technologies like 3D printing may never even become a reality.

american productivity is extremely high, though. outsourcing cant account for that, so tech is actually a good answer.

 

[DEAD7]

The financially industry is heavily based on economist predictions both within private banks, brokers etc and external.

I'll give you some misstatements from the video:

1- He said jobs don't come from the government
2- All economic growth comes from private sector...
3- Tax increase being a large factor in companies "shrinking", making a 37% tax rate "increase" comparable to 37% less in private sector "stuff"
4- USA being an anti-business environment
5- Wtf does being a socialist have to do with making an analysis of the economy?
6- Comparing small artificially created states like Singapore and Bermuda to USA
7- Keystone pipeline
8- Saying that USA doesn't start a lot of companies because of the regulations
9- Calling promotions within a company turnovers
10- Thinking consumption would reinvigorate the economy (hope he is talking short-term)
11- Spending 15 minutes of the video talking about people being financially illiterate and then in the end speaks about people need to invest more...

1. They don't. If they did why dont they create enough jobs to employ everyone? Oh thats silly? Why? Exactly.

2. It does. Govt. is often just helping the private sector deal with its intervention in the market.

3. You can seriously think he was wrong.

4. You think America is business friendly? Thats cute.

5. Socialist(in general) aren't objective. and I dont mean that in a negative, way. Its just true.

6. Comparisons to non socialist nations are rejected again I love it.

7.

8. seriously? The barriers into the market are regulations. I'd love to hear how this isnt true.

9.

10. Not sure on this one myself, but it might...

11. ya that was retarded.

 

[Domingo Halliburton]

The financially industry is heavily based on economist predictions both within private banks, brokers etc and external.

I'll give you some misstatements from the video:

- He said jobs don't come from the government
- All economic growth comes from private sector...
- Tax increase being a large factor in companies "shrinking", making a 37% tax rate "increase" comparable to 37% less in private sector "stuff"
- USA being an anti-business environment
- Wtf does being a socialist have to do with making an analysis of the economy?
- Comparing small artificially created states like Singapore and Bermuda to USA
- Keystone pipeline
- Saying that USA doesn't start a lot of companies because of the regulations
- Calling promotions within a company turnovers
- Thinking consumption would reinvigorate the economy (hope he is talking short-term)
- Spending 15 minutes of the video talking about people being financially illiterate and then in the end speaks about people need to invest more...



I totally agree with you but the problem isn't that different skill-set is required it is instead the degree of skill-set required will create an elitist society where only a few will have access to the resources needed to advance in your respective field. Also, a functioning economy is dependent on producing low wage jobs because it is the fastest way for natural growth and provides a venue for the majority of the population to participate in the ever-changing job market. What the USA is doing is building an economy primarily focused on service which will defunct the ability for the financially misfortune to establish themselves.

it is based on a bunch of economics but we ignore most of their shyt and dismiss it as academics who don't know how it really works.

 

[Wild self]

Not everyone can be techs though

when 3d printers are building sub divisions of houses, all those workers will no longer have jobs
they already have automated factories where a few people maintain it while the machines work

bottom line is people are gonna have to learn to create businesses and provide services of their own to survive
there aren't enough good paying jobs for the majority, those days are over

the people that are complaining about job aren't the techs or people skilled in those fields, is everybody else who's job are being replaced by the tech thats being created

Exactly. We are going in a downward spiral of jobs and eventually a 'job' will cease to exist eventually.

 

[Midrash]

This guy is saying a lot of shyt but ain't saying SH!T. I like him though and he seems like a cool ass dude to grab a beer with.

Here is a professor of Economics from Saint Michael's college who has a greater understanding of how the economy works. The videos are much shorter and you will learn much more information. He's not as politically slanted either.