The world’s first pension crisis – Sovereign Man
Posted by M. C. on March 31, 2017
The problem for Social Security is that robots don’t pay tax. So the program will lose a LOT of tax revenue as a result.
Yeah but will they get an earned income credit? Don’t laugh. This is big government we are talking about. Maxine Waters and Diane Feinstein could get it passed.
The theory is workers displaced by robots will retrain and new workers will have the training.
We will see. There will be few low skill jobs and the economy can absorb only so many popular careers such as nursing. Challenging times ahead.
The government says the economy is great. To paraphrase Reagan – do not trust, verify.
Be seeing you
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This entry was posted on March 31, 2017 at 6:31 am and is filed under Uncategorized. Tagged: pension crisis, robots, social security. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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