Unemployment and underemployment are becoming ever more permanent phenomena within advanced capitalistic economies. Conventional economic wisdom has provided many excuses for unemployment and underemployment but fails in ultimately correcting the issue. Time has come to re-examine the importance of the 19th century Luddite movement and its corresponding thesis that there is a conflicting relationship between technology and employment. Most have rejected this. But fail to account reality and the dynamic changes within employment over time, leave us ignorant and weak. Historical Luddite arguments happen to fit well with today’s observable reality, and this analysis is proved by contemporary empirical and axiomatic data proving validity. But no-one seems to want to listen to the fact that labor saving technology is actually the poison pill of capitalists against humanity.
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I agree it is the poison pill, but it doesn’t have to be. If all the wealth generated by technology wasn’t being hoarded by the owners, it could work out ok. I wouldn’t mind getting paid a livable wage without having to work myself to death. In other words, as long as people are still able to make a living, it’s nice to not have to wear our bodies out. Sadly, this is not currently the case. The owners of the machinery just keep all the money and own all the land.