- Joined
- Aug 27, 2013
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I don't think it's that simple. As technology advances, A.I. and other forms of automation will be able to replace an increasing amount of people. For instance, a single program could theoretically replace thousands of workers, while it may only take a handful of people to have written / maintain the program. So, that leaves thousands of people searching for employment.
Jobs aren't suddenly going to open up if everything becomes automated. Only a few, very skilled people will be employed to create / maintain the automated programs while the rest could be left out in the cold.
That’s exactly what people don’t get. The argument is that you can get a job now maintaining the robots doing your job. Are people that dense? How many people do you need to maintain the robots? Not many.
I was watching a tv show where a truck driver argued his job will be made redundant very soon. A lead product or engineering manager from Mercedes Benz I think showed off their latest automated truck and argued it would not be that soon. He didn’t even want to really speculate how many years where a fully autonomous truck would arrive but the truck driver argued automated driving trucks would allow less experienced and younger guys to be hired and the older and more expensive, older, experienced drivers are pushed out.
His argument is that automated is good enough for business to now start on the path to hiring less experienced drivers.
We’ve seen labor wage arbitrage where western countries have outsourced IT, call center to countries like India and call centers are huge in the Philippines.
Universal Income is naive. Unless companies are forced to pay for it, which I highly doubt, the burden will as usual will the middle class. Trump gave the rich a huge tax cut at the middle class’ expense. I don’t know how fiscal politicians in Congress can live with themselves. Greece and other countries get scolded for printing money and borrowing but when the US does it, the consumer-driven powerhouse economy will take care of the debt.
No wonder millennials hate the baby boomers and there are contrite baby boomers writing articles and books on how they messed things up.