When AI destroys millions of jobs will workers be pressured to accept reduced wages

[OC375]

3. My Gen X Friends & I Joke...

We say that we'll never be able to retire, based on lifetime earnings opportunities and advantages missed. We'll just work forever...

The sad truth is, at age 55 today, I'll be lucky to stay employed to 62 in my field (IT) or anything similar to my skillset at a commensurate wage. We'' most likely be retiring early, and not by choice per se.

We Gen X'ers need to be thinking about "retirement" differently than Boomers. It will be more like silent generation retirement... a working while retired, living small, not taking vacations every year, one car, not 2 or 3, etc... No designer drug for our mild to moderate plaque psoriasis - we won't be able to afford it, even with help from our friends at Abbvie!

One thing I don't plan to do... share my hard-earned career expertise with the world for cheap wages. I'll greet at Walmart or sell gas and cigarettes to people before someone gets 30 years experience at fire sale prices. I'll donate it to chairity, sure, but No Sir will it be sold for a song.

As far as healthcare... were I really sick, I'd rather suck on a bottle of nitrogen than give Anthem all my meager stash and leave my wife destitue and alone as a senior. They won't get that either. Then again, I'm sure A.I. will have found a cheap, easily distributable cure for cancer and everything else by then, so maybe healthcare isn't a big deal? LOL