Robots, automation and computers have greatly increased worker productivity, while also displacing many American workers in the process. But not only wasn't this increased productivity not shared with the workers in the form of equally higher wages, the jobs that these displaced workers might have otherwise gravitated to were sent overseas, leaving them with nowhere else to turn—except maybe to lower-paying jobs in the service and retail industries (that is, if enough such jobs were even available).
“Three or four million heads of households don’t turn into tramps and cheats overnight, nor do they lose the habits and standards of a lifetime. They don’t drink any more than the rest of us, they don’t lie any more, and they’re no lazier than the rest of us. An eighth or a tenth of the earning population does not change its character which has been generations in the molding, or, if such a change actually occurs, we can scarcely charge it up to personal sin.” ~ Harry Hopkins, Federal relief administrator under Franklin D. Roosevelt (1933)
Obama has just made Jason Furman Chairman of his Economic Council of Advisers. Jason Furman has ties to the Robert Rubin, Larry Summers, the Hamilton Project and the Brookings Institution. They promote bad trade deals, offshore outsourcing and the use of foreign guest workers to displace and labor arbitrage American workers.
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