Tuesday, February 19, 2019

The push into the Knowledge Economy, Fail, Walmart going with the changes.



Walmart is pushing forward with the changes. "Moving forward, Walmart will invest in growing online instead of opening up physical stores. The company only plans to open 10 new stores this year. It already has more than 4,700 US stores, and more than 90% of the country lives within 10 miles of a Walmart. Walmart plans to bring curbside pickup to around 1,000 more stores this year, but predicts that online sales growth will slow to 35%."
https://www.cnn.com/2019/02/19/investing/walmart-earnings-stock-holiday/index.html

Not only Walmart there are many places going into the knowledge economy. A bad thing when there is no social mobility for the many workers that can't afford the job skills they need to get. They are too far low! So raising the wages for living workers that can afford to live is needed. The poor will win the war as there are more of them in these times. The cost of college etc is just not there. The income divide is just too big as it is. Wages need to go up for foundation anyway to get people brought up to the jobs that are needed. The poor as they are is a crash!

There is too much Inequality so the poor is really poor and so the labor force is not doing well to face the coming growth. How is there to be growth if the poor can't grow themselves? All of this shows the need to get a foundation for the changes! Who is going to run the robots or stock the items it said was out trying to figure out to connect with their flip phone to know!

The bad about the Knowledge Economy? If it takes a college degree to work at McDonald's then how high are the wages going to be to cover the cost of the student loans because no one will work at McDonald's at $8 an hour because they wouldn't be able to pay off their loans. $25 happy meals to cover the cost of college workers? Things get costly to others that make $8 an hour! 

The Knowledge Economy does not work in small towns that can't compete with bigger cities that have more resources. Getting rid of your unskilled workers then crying there is a job skills gap for the next 10 years is stupid! Raising the prices to cover the cost of hiring skilled labor to the poor elsewhere will just not go there because they can't afford it with their wages. There is a lot of people burring wood in my neighborhood lately!

https://www.youtube.com/watch?v=jhZmkyEujCk&list=PLceEzjybohu61OsPO6NfsUrJneKlbDSHi