Should we pay people to dig ditches and then fill them just so that they're working? The relative gap between high skilled and unskilled labor will only increase. At some point, a large portion of society's labor will become worthless. What then?
Capitalism is about the accumulation and use of capital. It's amoral. It doesn't care about the unemployment rate, poverty rate, or health outcomes. It is just fine with child labor and seven day work weeks. It will offshore labor, hire contractors, and use money for buybacks before investment if the numbers make sense. Capitalism is not the answer here. Policy is. And that's fine. We can have both.
Capitalism is about the accumulation and use of capital. It's amoral. It doesn't care about the unemployment rate, poverty rate, or health outcomes. It is just fine with child labor and seven day work weeks. It will offshore labor, hire contractors, and use money for buybacks before investment if the numbers make sense. Capitalism is not the answer here. Policy is. And that's fine. We can have both.