Apple Pay Signals New Era at Cash Register – The end of 3,000,000 jobs in America
Quick Facts: Cashiers
2012 Median Pay$18,970 per year
$9.12 per hour
Entry-Level EducationLess than high school
Work Experience in a Related OccupationNone
On-the-job TrainingShort-term on-the-job training
Number of Jobs, 20123,338,900
Job Outlook, 2012-223% (Slower than average)
Employment Change, 2012-2286,500

6a00e54efdf1128833014e8bb55bd7970dThere are three secular underlying trends which represent the defining socioeconomic battles of the coming decades, and of course many subsidiary contributing factors that will add fuel to these trends, producing extreme pressures on the very fabric of global civilization. The first, as one can easily deduce from the above data from the Bureau of Labor Statistics, is the rapidity in which technological innovations are replacing labor in America and around the world. Particularly, replacing low skilled, low education jobs such as the very real potential for a quick destruction of cashier jobs which will be negatively impacting a portion of the labor force that has no alternative job prospects. I would imagine that when one adds in the looser areas of the job definition from the store clerks and restaurant waiting staff that also serve as cashiers when needed, the number of jobs potentially affected could be larger than the over three million listed.

The trend of technological induced job obsolescence has been going on since the first wheel was ever married to a cart, as the process is nothing more than the guiding hand the laws of thermodynamics, the conservation of energy and the elimination off friction, but there seems to be a very deep, wide and likely untraversable gap now between the high end knowledge worker and the rest. Over the past century debt induced over-consumption and demographic growth allowed sufficient demand for goods, services and construction that there was a sufficient need for low skilled, less knowledgeable workers to prevent the pool of the permanently unemployed proletariat’s from becoming a serious, potentially violent, socioeconomic crisis. But now, with the demand tysons-corner-cash-register-touchscreen-pos-695-703_fe46fea2_3from demographics and credit induced over consumption hitting the wall of the financial inability of government support systems to handle the growing financial transfer payment burdens, this will turn into a problem that could make the Luddite revolts of 1811-1816 in England look like pre-school child’s play.

The other two trends are resource scarcity and the battle between two universal cosmic forces, the centripetal and centrifugal–concentration, centralization and totalitarianism and decentralization and freedom. Critical trends that will be addressed in subsequent postings over time.

Not a single purchase has been made with Apple’s new payment system, Apple Pay, which will allow people to pay for everyday goods with their smartphone.

But the service, expected in the coming weeks, already has the technology industry scrambling to profit from a future in which apps could regularly replace cash, checks and credit cards.

If doubts remained about the far-reaching implications of Apple’s entry into the market, they were almost surely cast aside on Tuesday. In a surprise announcement, the e-commerce giant eBay said it would spin off PayPal, long the dominant digital payment service — a move meant to make PayPal more nimble in a fast-changing market.

[gview file=”https://troutinmilk.com/wp-content/uploads/2014/10/Apple-Pay-Signals-New-Era-at-Cash-Register-NYTimes.pdf”]

[gview file=”https://troutinmilk.com/wp-content/uploads/2014/10/Apples_IPhone_Pay_System_Casts_Shadow_on_PayPal_Spinoff.pdf”]

via Apple Pay Signals New Era at Cash Register – NYTimes.com.

Listen to the sound of your youth, it may not be around much longer….

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