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“Without proper governance and re-skilling of workers, technology will eliminate jobs faster than it creates them,” …
Manufacturing jobs are finally returning to North America…for robots
…automation threatens jobs on every continent …
…job losses will not be limited to assembly lines. The service industry, office administration, computer programming, and many other sectors are all on the cusp of automation.
…The question that should be on the mind of every political leader and policy-maker in the country is: how do we prepare for this evolutionary change to the global economy?
…Governments can delay automation, too, with new regulations, tax disincentives, and licensing constraints. But this has its limits and is only delaying the inevitable.
…How do we prepare for the inevitable job losses?
Even people in high-income jobs won’t be spared, as automation will reduce the demand for doctors, lawyers and engineers, among others, …
The Future of Jobs
We are today at the beginning of a Fourth Industrial Revolution. Developments in previously disjointed fields such as artificial intelligence and machine learning, robotics, nanotechnology, 3D printing and genetics and biotechnology are all building on and amplifying one another. Smart systems—homes, factories, farms, grids or entire cities—will help tackle problems ranging from supply chain management to climate change. Concurrent to this technological revolution are a set of broader socioeconomic, geopolitical and demographic developments, with nearly equivalent impact to the technological factors. …the impact for nearly all drivers will occur within the next 5 years, highlighting the urgency for adaptive action today.
…A report put out in February 2016 by Citibank in partnership with the University of Oxford predicted that 47% of US jobs are at risk of automation. In the UK, 35% are. In China, it's a whopping 77% — while across the OECD it's an average of 57%.
…And three of the world's 10 largest employers are now replacing their workers with robots.
…Automation… "in turn will accelerate the already widening economic inequality around the world," Hawking wrote. "The internet and the platforms that it makes possible allow very small groups of individuals to make enormous profits while employing very few people. This is inevitable, it is progress, but it is also socially destructive."
..."What globalization did to blue collar jobs and the working class economy over the past 30 or 40 years, big data, artificial intelligence and robotics will do to the white collar economy -- and at a much, much faster pace,” says Greene.
It’s a problem that will only exacerbate the growing gap between the rich and the poor, he claims, because we’ve left ourselves unprepared for the inevitable automation of many jobs traditionally done by humans.
…“There are a lot of great things coming from technology,” says Greene. “It’s going to democratize medicine, healthcare, education, which is fantastic. The only concern I have is, you can’t leave behind the bulk of the population.”
…47% of US jobs (are) at risk of computerization. …in the OECD …57% of jobs are susceptible to automation, this number rises to 69% in India and 77% in China.
January 2016: TECHNOLOGY AT WORK v2.0
The Future Is Not What It Used to Be
(1) the pace of change has accelerated;
(2) the scope of technological change is increasing; and
(3) unlike innovation in the past, the benefits of technological change are not being widely shared - real median wages have fallen behind growth in productivity and inequality has increased.
…It is our actions today that will determine whether we head towards massive displacement of workers or the emergence of new opportunities.
…Without targeted action today to manage the near-term transition and build a workforce with futureproof skills, governments will have to cope with ever-growing unemployment and inequality, and businesses with a shrinking consumer base.
[ Not to mention billions of truly PO’d peasants. Ed.]
Response: Policy and Job Risk from Automation
…details active labour market policies which could help people find jobs: from training, to earned income tax credits (EITCs) or lowering tax wedges, to incentives to support self-employment.
…“Continued slow growth combined with high debt and demographic change creates an environment that favors financial crises and growing inequality,” WEF founder Klaus Schwab wrote… “Pervasive corruption, short-termism and unequal distribution of the benefits of growth suggest that the capitalist economic model may not be delivering for people.”
Becoming Immortal: The Future of Brain Augmentation and Uploaded Consciousness
….It’s getting harder to find work for someone who’s only a quarter-upgraded. Over the next three years you continually add new digital neurons as your biological ones age, change, and die out.
…Following this, you are a genius by all traditional measures. Only the most advanced frontiers of mathematics and philosophy give you pause. Everything you’ve ever experienced, every thought that was ever recorded in your brain (biological or otherwise) is available for easy access in an instant.
…Years pass. The same medical technology that allowed your neurons to be seamlessly replaced, aided and accelerated by a planet full of supersavants, has replaced much of your biological body as well. You’re virtually immortal. …
originally posted by: Tranceopticalinclined
Very true on many fronts.
What these people in these higher up, enjoyable rich lives forget is that the very people they rely on to be their bodyguards, their cooks, their housecleaners, their babysitters, their drivers, their police and even their back pocket military ALL ARE us non rich pleasants and if they think we'll just roll over and kill our own, heh then they're more inbred than I thought.
Not to mention, who the hell do companies think are going to BUY their products?
Do you really think the DOW would stay at 20,000 and above if 90% of Americans didn't work and have money to buy things?
Are they really that dumb?
Stocks don't gain profit if people aren't living and buying things.
That's why I always say if you really want to protest, don't march, don't hold signs, stay home, don't buy ANYTHING, don't work, get on social media and speak you peace, more will listen than you'd ever believe then.
If money drives these people, well we the people can drive their money.
originally posted by: ttobban
a reply to: soficrow
Great topic... couldn't be truer.
I often wonder if those who cry for welfare usage ever consider the very likely possibility that robots will consume such an enormity of labor, in both volume and efficiency, that most Americans will receive a portion or all of their income from the state or feds?
Actually, I look forward to the day that I get paid to sit at home while robots handle my dirty work. I can think of much better things to do with my time then work. Working man is a sucker... isn't that what they say... whoever they are? I can't wait... I already have my autonomous RV picked out to move me about the country as I sleep!
originally posted by: 3daysgone
Seems to me, according to what you have posted, the job to train for now would be that of repairing said robots. That is a job that will not take much training. A year at most.
What needs to happen to prepare for such an era is intensive training programs, which could be sit up easy enough, to help with the transition process. This could actually be a great new job growth opportunity, given if what you say actually happens.
Do you believe that this will happen?
originally posted by: Tranceopticalinclined
a reply to: soficrow
The back of my mind still believes that a depopulation event could be in the cards and wouldn't be that hard to enact. Certainly through the flu shots. Think about it, it's one of the few things that would allow you to get at the most diverse and most populated of the public.
Throw in a means for whatever you used in the flu shot to take it's time doing the deed and you can create the illusions that it's a host of other things, then even hit more with a " revised shot " or scare people into thinking it's because they didn't get the shot.
Then they would do the universal income and give you just enough so you're not a problem, cause it so if you act up, you loose your income.
I see that being more likely even making the depopulation issue null, rise up or stand up and loose your income.