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...