> companies don't want to do make more money with the same (retrained) people
Right, a capitalist dream where the factory is fully automated and you can cut all labor cost.
But we're not competing to become laborers at a fixed set of coal mines here.
The service economy is significantly larger than industry; in the US, 77% of GDP. Worldwide, 60%.
There's a limit to how many coffee shops you can have in any one area, but it's limited by purchasing power and not by natural resources that capitalists compete for monopoly over extraction.
There is always something to do.
(Also, I'm grossly overestimating people's willingness and ability to retrain.)
Right, a capitalist dream where the factory is fully automated and you can cut all labor cost.
But we're not competing to become laborers at a fixed set of coal mines here.
The service economy is significantly larger than industry; in the US, 77% of GDP. Worldwide, 60%.
There's a limit to how many coffee shops you can have in any one area, but it's limited by purchasing power and not by natural resources that capitalists compete for monopoly over extraction.
There is always something to do.
(Also, I'm grossly overestimating people's willingness and ability to retrain.)