When will Unemployment break below 7.5%?

[Person Man]

Basically, that's not a good number, but that means the economy actually has some life.

[Person Man]

It really depends.

It could be awhile, especially if productivity growth remains high in the early part of the recovery (like it did in the early 2000s recession) causing a lag in job creation, where productivity growth remained high and job creation didn't meaningfully occur till output growth exceeded productivity growth (which wasn't till sometime in Q1 2004).

I have seen this in various parts of San Diego, such as fast food restaurants and grocery stores using automated multiple automated cash registers supervised by one person, instead of multiple lanes.

This might hold true as people are generally risk-averse and would probably have a greater peace of mind with investing in technology first and labor later.

Yes. That has been a concern of mine since 2002, when pundits were talking about a "jobless recovery". I am thinking that there will have been some economic leadership that will create an industry that is not yet automated and still requires a degree of at least initial creativity.

[Person Man]

Actually, I predict that computers/droids will do a lot of B for a lot of professionals by 2020 or 2030. A lot of A could happen by 2045 or 2050 to anyone.

[Person Man]

Actually, I predict that computers/droids will do a lot of B for a lot of professionals by 2020 or 2030. A lot of A could happen by 2045 or 2050 to anyone.

So I guess going into entrepreneurship might just be it. Self-employment in a sole proprietorship configuration might just be the way to go.

In fact, it is conceivable that the income of most people by mid-century could be from wealth and invesments and not in actual wages.

[Person Man]

Although, at this time, it is for me. I am have no other access to wealth besides the Welfare State or my parents and I am trained in a profession that will likely be one of the last two or three (competing with medicine and research) to be automated. At this point, we have condensed the thousands of books we need and our papers into an router, a WestLaw subscription and a harddrive.