2022 mini-budget discussion

[glenimp617]

Except more jobs will be replaced by machines that don't pay tax hence we don't need an abundance of unskilled workers, we'll have enough of our own.

OOOooofffff, prepare yourself for some heat mate!

I said the same thing on here years ago, still having the nightmares

The general thinking back then was there was no way in hell machines would ever replace peoples jobs

 

[Chuk_Chuk]

Personally I would like to see:

Increase tax free limit to 20k for all
Increase 20% rate to 60k
40% for everything else.
National insurance at 12% for all i.e get rid of the 2% band.
Dividend rates the same as income tax.
Corporation tax bands at 20% and 40% based on group profitability.

I imagine it would be close to break even.

If I understand the bottom two correctly then, they will kill investments in this country faster that Kwasi did. I like the rest though.

 

[thenewoc]

OOOooofffff, prepare yourself for some heat mate!

I said the same thing on here years ago, still having the nightmares

The general thinking back then was there was no way in hell machines would ever replace peoples jobs

And yet we see more supermarkets going almost entirely self service checkouts or none at all with the technology Amazon introduced. Next will be haulage and taxis.

 

[doodah]

Apt...

https://twitter.com/x/status/1576815803789295617

 

[glenimp617]

And yet we see more supermarkets going almost entirely self service checkouts or non at all with the technology Amazon introduced. Next will be haulage and taxis.

I said that, yet the response was that you'd still need the same number of human workers as before

Economies of scale was disregarded

 

[413x]

That's why it won't work because you can't simply continue to grow populations, its unstainable.

One thing I agree with you on. Probably only one!

 

[VincentHanna]

The general thinking back then was there was no way in hell machines would ever replace peoples jobs

It's not like robots will be in factories and at computers working.

Company I work with, everytime they invest in machinery it does a lot more automatically, without human intervention.

You end up only needing 1-2 workers to run it instead of 5-6.

They've upgraded two machines like this so far, so that's 3-4 workers instead of 10-12.

Though the initial investment is high, eventually that's quite a decent saving per year.

 

[413x]

Low skill jobs will naturally fall away as time goes on. It's happened all through time. Where money can be saved by automation it will be automated.

I support progress to lower the world population. But with our economic model its a disaster for those left.

But we need to figure out a way where we do not need a ever increasing population.

 

[thenewoc]

I said that, yet the response was that you'd still need the same number of human workers as before

Economies of scale was disregarded

Not in the areas that can be done by machine, you might have one person supervising about 6 - 10 checkouts. They're also producing robots that patrol shops and scan for gaps on the shelves so even the shelf stackers will be reduced in time. They're not all going to be replaced by software developers. It's always an aggregation hence why companies invest in it in the first place as they can see a return on their investment vs hiring people.

 

[glenimp617]

It's not like robots will be in factories and at computers working.

Company I work with, everytime they invest in machinery it does a lot more automatically, without human intervention.

You end up only needing 1-2 workers to run it instead of 5-6.

They've upgraded two machines like this so far, so that's 3-4 workers instead of 10-12.

Though the initial investment is high, eventually that's quite a decent saving per year.

Well it seemed obvious to me at the time.

 

[glenimp617]

Not in the areas that can be done by machine, you might have one person supervising about 6 - 10 checkouts. They're also producing robots that patrol shops and scan for gaps on the shelves so even the shelf stackers will be reduced in time. They're not all going to be replaced by software developers. It's always an aggregation hence why companies invest in it in the first place as they can see a return on their investment vs hiring people.

100% oh how attitudes change

 

[smokedog]

Personally I would like to see:

Increase 20% rate to 60k
Dividend rates the same as income tax.

People with limited companies would have a field day, that's £120k income taxed at only 20%.

 

[thenewoc]

100% oh how attitudes change

Once you understand this is what is coming you understand we don't need to add to the problem by growing numbers of unskilled economic migrants. All these unskilled workers are going to need supporting one day in old age.

 

[SPG]

OOOooofffff, prepare yourself for some heat mate!

I said the same thing on here years ago, still having the nightmares

The general thinking back then was there was no way in hell machines would ever replace peoples jobs

No they wont, machines lack creativity to a point.... Cant see people getting off to the only fans machine version.... Phoarrrrrrrrrrrrrrrrrrrrrrrrr look at the actuator on that baby. (actually being a engineer that has turned me on already)

 

[413x]

No they wont, machines lack creativity to a point.... Cant see people getting off to the only fans machine version.... Phoarrrrrrrrrrrrrrrrrrrrrrrrr look at the actuator on the baby. (actually being a engineer that has turned me on already)

You say that. Just give it time.
Sex bots (decent ones) aren't far away! And if they do the clothes washing.. Sold!


When a hot sex bot costs less than a divorce.. That's the tipping point!

 

[thenewoc]

No they wont, machines lack creativity to a point.... Cant see people getting off to the only fans machine version.... Phoarrrrrrrrrrrrrrrrrrrrrrrrr look at the actuator on the baby. (actually being a engineer that has turned me on already)

How creative is the human checkout assistant, you're lucky in most cases to get a smile and greeting from them and are you prepared to pay more for it?

 

[Puzzled]

Low skill jobs will naturally fall away as time goes on. It's happened all through time. Where money can be saved by automation it will be automated.

I support progress to lower the world population. But with our economic model its a disaster for those left.

But we need to figure out a way where we do not need a ever increasing population.

Many low skilled workers today could be replaced by automation but currently its cheaper to employ people on the minimum wage rather than invest in the technology to replace them. As the automation technology gets cheaper over time than those employers may reassess but its those in the middle ground of income that should be concerned by being replaced. They earn enough to make automating their roles a worthwhile investment and a lot of office based roles don't need expensive robotics to replicate a physical role.

 

[Xelene]

There's plenty of unskilled economic migrants that are the salt of the earth, almost all of them i'd warrant.

 

[Zefan]

No they wont, machines lack creativity to a point.... Cant see people getting off to the only fans machine version.... Phoarrrrrrrrrrrrrrrrrrrrrrrrr look at the actuator on the baby. (actually being a engineer that has turned me on already)

Look up vtubers. Yes there's a human behind there, but the sort of interactions required to perform such a function are either already doable by AI or very nearly.

 

[V F]

And yet we see more supermarkets going almost entirely self service checkouts or none at all with the technology Amazon introduced. Next will be haulage and taxis.

Isn't Amazon's warehouses mainly 2 - 4 people, keeping an eye on any machine failures?