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Showing posts with the label Automation

USA 2100 - The Forthcoming Age of Leisure

While technologists point to the advances in automation that will displace many jobs that humans perform, economists are scratching their heads and are not looking beyond the near future. Sociologists haven't a clue other than forecasting an ominous future. Educators are noting that we are moving towards an unstructured world and our current education system is tailored to a factory oriented assembly line. Technologists, economists, sociologists and educators focus on their own silos of expertise and don't look at the complete picture. Opinions are expressed in the context of the silos of each opinion maker. Politicians are concerned about getting elected, responding to the immediate needs of their constituents and responding to crisis. There needs to be some thought given to what children born today will encounter when they reach middle age and their senior years. There are competing predictions. However there is no analysis that ties it all together in a socioeconomic...

The Rise of Automation

John Maynard Keynes, wrote an article in 1930 titled - Economic Possibilities for our Grandchildren where he takes “wings into the future.” What can we reasonably expect the level of our economic life to be a hundred years hence?  His basic premise is that productivity will continue to increase rendering more and more humans jobless. http://www.econ.yale.edu/smith/econ116a/keynes1.pdf 2030 is more than a decade away and John Maynard's forecast is amazingly on target. Advances in automation, is affecting workers in developed countries and the impact is undeniable. “ Nonemployed - As robots grow smarter, American workers struggle to keep up”: http://www.cnbc.com/id/102270242 This trend will continue to pick up pace and in the future we will see more and more jobs being performed by robots. So what does the future hold? Watch this video on humans need not apply: https://www.youtube.com/watch?v=7Pq-S557XQU And the alarm it raised for the author of the fol...