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Toyota's employees make more than college professors with phds. A line has to be drawn somewhere.
That's because Toyota employees produce something people actually want to buy. My experience was that many college professors mostly produce hot air, and a lot of that was goofy.![]()
Toyota's employees produce something that robots could produce for next to nothing, with far better quality and far lower variability. Professors teach courses that few people relative to those assembling cars are able to understand, much less teach. College professors should be paid more than autoworkers and by that, I do not mean that professor's salaries should be increased. How much money people make is generally proportional to how much work their brains perform rather than how much work they do. That is how things should be and when the construction of automobiles is roboticized, it will become apparent why.
By forming unions to extort several times more than what their labor is actually worth (as the UAW was formed long after the actual need for unions was eliminated by the enactment of protective laws) and planning to maintain such a status quo forever, autoworkers are digging their own economic graves. After all, they are so comfortable in their jobs, they could never think of accepting a lower paying job when if they had never unionized, that lower paying job would have been a higher paying job and they would have taken it in an instant.
The less brain power that a job requires, the easier it is for a robot to be designed to do it, the more people can do it and the less the job is worth. You say that the professor produces hot air, but he is the one that makes it possible to roboticize assembly lines, ensuring all of the autoworkers will be laid off (and quite possibly become bankrupt facing mortgage foreclosures because many of them squandered their money living from paycheck to paycheck), while he will still be employed with a fairly large bank account that came from wisely saving money, despite a lower salary.
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I guess I shouldn't have gone to college if you can make more money by working in a GM or Toyota factory.![]()
In about 20 to 30 years, you will be glad that you went to college when the UAW is unable to prevent assembly lines from being fully roboticized, much like the textile unions were unable to prevent the textile industry from being industrialized.