Technology is about to cause a huge labor disruption - from self driving cars to robot-worker factories. Millions will be out of work.
So it appears that millions will NOT be able to afford what the robots are producing, because they are out of a job and not producing income. The answer is the living wage, paid by the robots, who don’t need the money. /s or not.
Bump!
And turn off those wasteful overhead lights! Not needed unless something breaks down.
Humans should THINK. Machines should work.
“Technology is about to cause a huge labor disruption - from self driving cars to robot-worker factories. Millions will be out of work.”
Technology has always causes what may be seen at the time as a “huge labor disruption” but the market always corrects what might have been a disruption.
The electric light disrupted the candle industry, automobile disrupted labor associated with horses, and computers and software disrupted labor associated with typewriters.
However, electricity, cars and computers created demand for even more labor than the technology they replaced.
Advances in technology almost always brings about efficiency and that is always good for the economy.
Yep....I think, IIRC, those oblong tomatoes were engineered so they could be harvested by machines. I could be wrong, though.
I do machine motion monitoring, changes, edits, and logic in a gigantic factory. It’s great work. Everything comes to a screeching halt without me. The human need is in the maintenance of these systems.
China does not want an unemployment problem ... keep in up and they will, which is always big trouble.
I use to be a telephone operator, there were hundreds working at any given time....that job has been long gone.
So what are 900 million Chinese going to do everyday if their factories are run by robots?
They forgot one important job loss.
The union BOSS!
Robots will do the jobs that Americans won’t do.
I’ve been programming and maintaining industrial “robots” since 1988 and am very good at it. When robots rule the world, people like me will rule the robots. Bwah-hahahaha.
Solving poverty by banning low-value jobs doesn’t work.
Watch the video, ‘Obsolete’ on Amazon...it is free...very enlightening.
I remember when robots were first being talked about, and people worried about losing their jobs. The common comeback would be, “ but somebody has to build the robots.” They didn’t foresee that robots would be building robots, and AI could design even better, improved robots. We are having such trouble with islam, with one rich man marrying dozens of women, and so many young muslims have no marriage prospects and it makes them even crazier. Female infanticide makes the ratio even worse. Now imagine robots taking billions of people out of the workforce. It’s going to be a very angry world. Buy guns.
Scary part is if you consider what they’re paid in China and robots were still a profitable switch.
Much of this is just bunk. A “robot” cannot analyze a budget without extensive training that is company and department specific. Where robots are useful is where large quantities of identical items are being assembled. But what human wants to spend their work day fastening the same bolt? I sure don’t.
Notice that Finland is experimenting with a guaranteed wage, some form of this is the only answer unless they are prepared to lower the population the old fashioned way.
Somebody has to maintain and repair the robots.
Note to prospective college students: want a future? Study engineering, robotics, and automation.
It’s the wave of the future.