My ECON Teach says Service Economy will soon be extinct as Americans take Web Based Jobs

Oh, well if a teacher says it, it must be true!

GE Econ Class wrote:

Low Wage jobs in the service economy will never be filled since Web/Internet Based jobs pay better than low wage. It's the end for low wage fast Food jobs, Big Box store jobs, Truck Driver jobs. The Supply Chain problems we have today will not be solved until Silicon Valley automation replaces human laborers at warehouses, factories, and retail stores. Automation is the only solution. Discuss

How should that work?

Tell your teacher that a remote teacher 15 states away could teach your class.

You know, sort of how it was done over the entire pandemic.

Back in the day in my life when the US once had manufacturing plants that paid living wages enough to raise a family with. It's good to see living wage jobs return in my lifetime through Internet jobs.

The fallacy of your teacher's opinion is that internet jobs will be automated before most service jobs.

one if by land wrote:

The fallacy of your teacher's opinion is that internet jobs will be automated before most service jobs.

Bingo.

FAST FOOD BUSINESSES make money by squeezing the low wage workers. They're called "The working poor". The franchise owner, franchise corporation, police, fire, post office, wholesale food supplier, make plenty of money off of the backs of the "The working poor". That system is dead. Bye bye.

Ask your professor if he or she is betting on his or her beliefs? If so, PUT contracts purchased by your professor will be interesting to see.

Did you know before the 1980s the US led the world in manufacturing and steel production.

Japan produced superior steel and innovative goods with cheaper prices and began establishing a large manufacturing presence in the US.

The US Government balked, forced Japan to devalue the Yen, and demanded restructuring, low cost supplier (Japan) to distribution company (USA) hierarchical relationship to roadblock Japan out of dominating the US landscape.

The US expected Japan to start buying US goods to level the trade imbalance but Japan refused to be bullied and moved manufacturing to their massive subsidiary operations in Taiwan, Korea, and mainland China.

Goods labelled as Made-In-China, Made-In-Taiwan, Made-In-Korea to avoid US scrutiny flooded the Ports of Long Beach and Los Angeles.

US manufacturing continued to tailspin to zero.

Thus the US Service Economy was born that we suffer from today.

Instead of US politicians and Wall Street crying foul and admitting they've been outsmarted by Japan they chose instead to victimize their own American middle and lower class by created a Service Industry Class of underpaid full time laborers with no medical insurance, no retirement plans, no dental benefits, and so on.

Happy to see the end of that era.

This era is not really ending. The US won't get their production back anytime soon.

They would not know how to build things.

wages have been stagnant for a long time. I'm hoping we see a new equilibrium where everyone makes a living wage, but in reality these places will likely just fill their needed positions by paying a little more and passing the cost on to the consumer (like billionaire ceos would ever take a pay cut hahahha). There won't be enough online/tech jobs for everyone so some will need these not quite livable wages to get by with an austere lifestyle. Supply chain issues will last several more years. Cost for certain products, esp electronics will go up. A smart move is to market your product as something that will last - the consumer isn't going to be interested in a product planned to be obsolete and multiple upgrades in a decade unless there is no other options.

We can import low wage unskilled labor like they do in Singapore and Dubai. There will be a segregated society between those that work in service jobs and those employed work as "knowledge" workers. Of course, we already have this to some extent but it will be a long time before automation can replace jobs like child or senior care.

No. Low skilled service work is difficult and expensive to sibstitute by mashines. The low skill web based staff is more likely to go away

Truck driver jobs are not low wage.

GE Econ Class wrote:

Low Wage jobs in the service economy will never be filled since Web/Internet Based jobs pay better than low wage. It's the end for low wage fast Food jobs, Big Box store jobs, Truck Driver jobs. The Supply Chain problems we have today will not be solved until Silicon Valley automation replaces human laborers at warehouses, factories, and retail stores. Automation is the only solution. Discuss

He sounds like a bit of an idiot, unless he's talking very very long term (and even then probably still an idiot, but less certain).

It's very dramatic what is occurring. It came out of left field. No One predicted that tech would be slamming shut down on the low wage franchise industry. Americans are quitting low wage jobs for online jobs by the millions. The Pandemic ushered in the changes you mention but it was fate and definitely was inevitable. The real winners are non-fast food, upscale Mom and Pop retailers with innovative, unique offerings at a higher value and higher cost.

This has been obvious for decades.

Service industry workers switching to a role with perceived better work/life conditions? Say it ain't so!

Clearly the entire economy is just going to stop because your stupid teacher said so.

And what, exactly, are the low-skill, non-automated web-based jobs they’ll be doing? I don’t see it.