In the short term jobs will be coming back to America because it is cheaper to make something here versus elsewhere. If you factor into manufacturing an increase in labor cost in other countries and the shipping fees it’s cheaper to build here. But what about 20 years from now.
So as we look into the future and see jobs being replaced by robots and computer what happens to all those workers?
No jobs means we will all be living in abject poverty or utopia. It will depend on which government is in control. Europe and Canada with a more social learning will most likely be utopia. Communist leaning governments might own all production and redistribute resources back to people. Capitalist leaning countries might look a lot like Haite. A few wealthy people with personal armies to protect them. It will all depend on the government we pick.
With jobs lost to automation and computers economic systems will have to change. When people don’t have jobs and live in poverty the country will be in a state of unrest and chaos. That’s the formula for civil wars; the haves and the have nots.
Maybe the future will be great for our grand kids because if the right government is in place they will be able to do something we can’t do now. If people have food, homes and medical all provided then they can pursue other things; Arts or good deeds?
Capitalism might be the worst system in the future. Capitalism favors just a few people in a country. If you ever played Monopoly there is only one winner in the end, the person with everything.
Think about it your grand kids will be living it!