“Automation and A.I. will decimate the middle class and create a large welfare class.”
BS! Who will be buying these wonderful products and services that these robots are creating if nobody has jobs and thus can’t afford to buy them? This is really pathetic logic.
You also forget that humans have insatiable needs. As old needs are satisfied new needs arise.
What I predict as the next growth industry that will arise from increased automation is the “pamper industry” and I don’t mean diapers. I mean that people will look for services and products that will pamper them, and as machines proliferate the human touch will be more on demand. Look at all the nail places, salons, massages, cruises, travel, restaurants, amusement and entertainment that were non existing a few decades ago.
Don’t be bamboozled by scaremongering leftist propaganda. The reason for the big push for this is, as I said in post #17, GUARANTEED INCOME.
Rubbish....
No YOU have been bamboozled hook, line and sinker.
What companies are not trying to save money through automation and A.I.?
It’s A LOT cheaper with Automation and A.I. that does not require companies to pay out, health benefits or vacation. Moreover, A.I. can work more than 40 hours a week.
People will initially service the machines, but you don’t need that many people compared to the number of people that were in a job field before. Furthermore, you will not need as many people in time servicing the machines as technology gets better. In other words Robots will service Robots, A.I., etc...
What industry needs will NOT be affected by technology?
You are trying to make an argument that was lost a long time ago. Good luck selling your lemon.