Posted on 09/05/2016 1:41:09 PM PDT by 2ndDivisionVet
More than 70 percent of manufacturing jobs and more than half of jobs involving data collection might be rendered obsolete by automation and robots, according to a report from McKinsey & Company.
One study estimated up to 80 percent of current jobs may be threatened by automation, which could become a critical economic issue for policy makers and global leaders in the coming decades.
While Americans celebrate Labor Day weekend, it is a good time to contemplate the rise in artificial intelligence and how it can threaten jobs in all types of industries....
(Excerpt) Read more at dailycaller.com ...
Burn the looms and threshing machines!
“Without workers with income who is going to buy the products produced?”
For products to be produced, there will be paying customers. If the products have no customers, then the products will cease to be produced. Self correcting thing the invisible hand of the market is.
There is actually a lot to be said for that. What will our economy look like when 3-D printing starts to look more like replicator technology? What happens when that is paired with solar power and materials modification that can produce anything out of dirt, lawn clippings, and other garbage?
The people designing the hyper printers, the solar panels, and writing the software to control all of those things will still be employed. Some industries related to travel, hospitality, and medical technicians (to program the nanos that will actually do the healing) will be around, but most everyone will be working for fun at that point.
Thank you so much for that info. You can bet the snowflakes in our school system never take those courses. Micro-aggression and kill whitey courses. Thank you again.
The goal is to reduce the world population to 500 million.
I’ve been looking at some affordable small scale welding rigs on Amazon to try to teach myself some.
Before LASIK many years ago, my eyes were horribly nearsighted and what times I tried wearing a welder’s helmet was no joy at all.
You must be visiting different places than I. Most of the places I am in that want these $15 per hour salaries I have a 16 year old granddaughter that could do it on her spare time while in school. These young people I see in my area are not ready for responsibility and therein lies the problem.
It is an eyeopening experience to go to YouTube and type in monster machines, or automated farming. Go watch timber being cut for hauling in seconds. Maybe someone could find it interesting that railroads are being laid with machines requiring a 5 man crew. Or watch a monster bridge being laid by machines.
There is a video on the tallest bridge in the world, fascinating stuff that few people even know exist, or they wouldn't be saying we can't build a wall.
There is a dividing line between those who go to school to learn about micro-processors and those who go to school to learn about micro-aggression.
Yep it’s either a 1 or a 0!
Not all the jobs are going to go away, just due to human demand for them to be done by humans.
The Great Shift Toward Automation and the Future of Employment
http://hubpages.com/business/The-Great-Shift-and-the-Future-of-Employment
And automation driving down the cost of labor will open up new opportunities, even if it is hiring servants to provide employment and gain prestige.
I find the people expecting a life of happy leisure when all the low skill jobs are automated hopelessly naive. The inner cities are nearly bereft of manufacturing and low skill unemployment, and instead of people dedicating themselves to caring for children and elders, we beg for volunteers to pick up trash and argue over whether or not to tolerate crime.
Just because a more intelligent upper class finds manual labor boring or demeaning does not mean the on average less intelligent lower class does. In fact, it gives them connection to society, socialization, purpose. The guy cutting your lawn feels closer to nature, more likely to pick up litter and is more likely to volunteer or get into trouble than the one on SSDI childhood to his grave.
The idiocy of modern immigration proponents - “we need low skill labor to pick crops” while we’re building more and more machines to make them obsolete while having no plan to deport the now obsolete farm labor.
There is no divine right to stagnation. In the context of a free and rational country, expanding and increasing economic progress caused by technological progress, capital accumulation, and more and better labor-saving machinery leads to increasing the productivity of labor, which leads to higher average real wage rates and a higher standard of living for the average worker. Increase capital accumulation also leads to higher demand for labor, which leads to increased employment. These are the conditions required to overcome the law of diminishing returns, and to have simultaneously a rise in population, a rise in employment and a rise in wages. What will happen is a change in the pattern of production and employment.
Won’t need Viagra in an Orgasmatron.
yes at least that amount. Can control the rest easily that way.
Splendid, so we’re not only going to eliminate the entire white-collar middle class, we’re also going to eliminate the majority of blue-collar workers and the entire lower class is literally going to be useless. That sounds like a splendid economic model.
If your job consists of standing or sitting in one spot and repeatedly doing the same thing, feel threatened. If your job is changing location constantly, day after day or week after week then you’re secure.
Hardly anything is hand picked now. Strawberries are simply grown in elevated beds and a tractor just runs down the rows and flails them onto a conveyer, as are about all other crops even grapes.
I get very bored watching mindless TV shows and wonder over on YouTube and explore. Amazing things are there that 99% of the people have no clue even exist.
Apple’s Foxconn factory in China just fired 60,000 people and replaced them with robots.
So the fact that GDP in the US, for example, went up over the 20-year period in the elephant graph doesn’t mean that wages went up, or that workers are better off. They did not, and they are not.
This is the hollowing out of the American middle class. This is the shift from labor to capital. And this, I believe, is the source of a significant amount of global discontent: where phenomena like Brexit and Sanders and Trump find fertile ground.
Technology has gotten so cheap that it is now more economically viable to buy robots than it is to pay people $5 a day.
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