The coming labour scarcity will shift the balance of power, pushing up wages

This might be true for high-skilled jobs, yes.<p>But the vast armies of uneducated, second-or-third-generation-jobless people will have their jobs slaughtered by automation. Truck&#x2F;cab&#x2F;freight delivery will be automated, freight handling and shipping will be automated, cleaning of public and private areas will be automated.<p>The only field I can see which will depend on low-skilled worker armies is construction.<p>And with the refugee crisis we just magnify the problem because the refugees will have to be integrated, they have to learn German and still lots of them will be lower educated than the rest :&#x2F;

When the article talks about Piketty it says that he makes &quot;sweeping neo-Marxist claims&quot;. While at the same time tries to justify Professor Goodhart bold statements telling us that he uses &quot;large assumptions&quot;.<p>Awful article that shows from beginning to end its bias with a wishful thinking justification of letting big-business reign over the rest of society.

And the home secretary is going to say today that immigration is bad for the economy !<p>In my sector, Supply Chain Management, we are facing a skills shortage.<p>* Warehouse operatives are moving from many low skilled pickers to a few skilled robot sitters and the latter are in short supply.<p>* Procurement - moving from the soft skills of buying person to person over the phone to electronic exchange and online bidding - again a skills shortage is looming for the non-managerial staff.<p>* Driving - HGV is facing a short supply as the retiring workfoce is not being replaced by young people and more demand for last mile drivers for the shift to single package delivery.<p>* Supply chain managers - a relatively new title and one that few young people consider. The Novus Trust in the UK is promoting the career path in a hope to encourage new entrants.

So what are Japan&#x27;s special circumstances? The theory makes sense, but when our one real-world example shows the exact opposite, I&#x27;m inclined to be skeptical.

As if the labour scarcity will not be dealt with using completely new working class as a replacement.<p><a href="http:&#x2F;&#x2F;www.cgpgrey.com&#x2F;blog&#x2F;humans-need-not-apply" rel="nofollow">http:&#x2F;&#x2F;www.cgpgrey.com&#x2F;blog&#x2F;humans-need-not-apply</a> is a real eye opener.

With hardly a mention of automation. ..

A newspaper which is pro the right-of-center government, pro big business says that there is no need to reign in big business; because despite their winning streak over the last few decades and the mounting criticism of mounting inequality, things are going to turn against them <i>any day now</i>, honest!<p>Film at 11.