No Paul -- Obsolescence.
Low wage labor will be partially obsoleted.
Just like the jobs in the magazine and newspaper production industry were. We don't need many pressmen (print shop workers) today. The world changes some of the people fail to change with the world.
My grandfather owned a garment factory in New York City in the 1930 - after the second world war. He made his money exploiting cheap immigrant labor. Then when the workers in the garment industry unionized -- the higher wages made it marginally profitable. In 1949 he sold out to his partner and retired at 58. Henlou Ladies Sportwear, the factory Henrietta and Louis founded is no more today, they no longer sell to Saks Fifth Avenue and other higher end retailers. Couldn’t compete. Same shit new day -- when wages become too high businesses automate or offshore to cheaper labor markets.
The problem will not be solved with handouts for the unemployable. Nor can they be exiled to the space colony or die in the streets begging ... So, only higher efficiency and profits can subsidize the hard core unemployable to a very marginal existence. Forced work for your subsidy is not so unjustified -- child care workers for the employed as an example. May be there needs to be constructed child care centers -- these could be staffed be displaced lower skilled workers. Cleaning up and giving simple daycare to children would not be above their skills if the displaced worker can show metal stability and a willingness to do the job. Cheap help like this is not worth $15/hr ($22.00/hr with mandated work benefits by the state).
Things will rebalance and equalize in the higher cost labor low-skills market.
Maybe, we will have GMO Monkey workers that you can buy -- they will work for bananas sweeping floors and cleaning toilets. You can keep their little monkey offspring in cages. I mean how hard could it be to teach a monkey to clean a toilet -- give him a cookie when he completes his task
