The minimum wage doesn't help since most of the money goes directly to the banks and large corporations. The smaller companies and declining industries are getting less of the money pool thus they these jobs are more likely to disappear. Also if the company can save on costs with automation, they will definitely do so.
I only hope the digital block chain and VR will produce jobs for the displaced. If they do not, I fully expect the government to implement some form of UBI because they do not disgruntled citizens to revolt. However I do not think the UBI they propose to be sustainable without creating jobs for people.
Posted Using LeoFinance Beta