I guess I can reply to myself.That story is from 2011 and takes place in Europe (the McD's touchscreens).
What has happened since then?
(HOLY SHIT!!! The WYSIWYG Editor is functioning for me again!!! HALLELUJAH!)My concern is for the stagecoach union with all these fancy horseless carriages being built on these new fangled assembler lines.
Our country has become so service oriented we'll eventually see "don't like wiping your ass? let us do it for you" commercials.
This gets to the core of my point. Where will wages come from when most human labor is obsolete and no longer cost effective.(HOLY SHIT!!! The WYSIWYG Editor is functioning for me again!!! HALLELUJAH!)
Anyway, I believe the Asimo robot will be able to wipe your ass for you within 10 years (probably 5, but let's play it conservative).
So far in reading this book, it is just a rehash of what that video I posted discusses (the google automated car, Baxter robot, Kiva system in Amazon, etc).
But one startling factor in all this is how computers--while not being good for much manual labour--are phenomenal with cognitive occupations. Literally, white collar business has more to fear from obsolescence than blue collar tradesmen.
Yet, even there with the advent of 3D printing, people like Beenthere and his little contracting business are potentially at risk, at least as far as generic construction (including sub-trades like electrical and plumbing) goes.
We are on the precipice of a MASSIVE paradigm shift, and the more I dig into it, the more certain I become of its activity. It's not as if we are in the beginning stages; this process has become well-entrenched, and we are now witness to the later half of this shift as I type these words.
The way we organize society, with its perverse incentives chasing pieces of paper (or even digits in a bank account) will be eroded with or without our intent. This is not some Marxist nonsense I am talking about here, either. It is the cold fact of the second machine age.
Only instead of the Steam Engine (James Watt 1775) creating the impetus, it is the computer...
Fucking mind boggling... smoking weed is helping make it more so, too
I make really good money running machines that have replaced other machines and humansThis gets to the core of my point. Where will wages come from when most human labor is obsolete and no longer cost effective.
Where will wages come from? How will products be bought and sold? Who pays taxes?
Well, this is something I suspect is addressed later in the book (when they talk about GDP's failings as a metric). However, if we continue to manage our society using capitalist models, the creator of money (i.e. the federal gov't, except for those poor bastards in the EU) will need to pony up a base income. Whether it be through Friedman's "Negative Income Tax" scheme, or the Swiss initiative of a "Guaranteed Income", it has to come from the source. Some mistakenly believe banks create money; this is wrong, they merely extend credit but still need to find reserves inevitably from the source to pad those double-entry ledgers.This gets to the core of my point. Where will wages come from when most human labor is obsolete and no longer cost effective.
Where will wages come from? How will products be bought and sold? Who pays taxes?
With the disenfranchised masses already abandoning the labor market. There is no way that the unemployment rate is only 7 percent.And just to add more fuel to the fire...
A study from Sept 2013 by Carl Benedikt Frey and Michael A. Osborne, claim that 47% of total US employment is at risk of being automated.
Now it is mostly based on probabilities; however, there is some food for thought in the metrics of their analysis. The way they categorize possible avenues of automation (or computerization) is interesting.
Anyway, here's the study... it's 70+ pages, but the bulk of it is only 40 (lots of appendices).
http://www.futuretech.ox.ac.uk/sites/futuretech.ox.ac.uk/files/The_Future_of_Employment_OMS_Working_Paper_1.pdf
And a website discussing the topic (where I got the link from)
http://theeconomiccollapseblog.com/archives/oxford-professors-nearly-half-our-jobs-could-be-automated-within-the-next-20-years
It's not 7%. But the dynamics are admittedly difficult to quantify due to retirees and attrition in labour markets (i.e. redundancy or obsolescence).With the disenfranchised masses already abandoning the labor market. There is no way that the unemployment rate is only 7 percent.
http://www.bls.gov/cps/cps_htgm.htmWith the disenfranchised masses already abandoning the labor market. There is no way that the unemployment rate is only 7 percent.
Are you kidding? What happened?The suicide at the JPM London headquarters this morning is reminiscent of the 1920's. Not that it has anything to do with the topic.
I don't know about most. But, let us compromise on new entry level, if we may?Most of the new jobs are part time low wage
I wish I could take a picture at the parts I run. They are complex and intricate. I do the work of 4-6 people in 1/10 th the timeIt's not 7%. But the dynamics are admittedly difficult to quantify due to retirees and attrition in labour markets (i.e. redundancy or obsolescence).
So while one can refine the figure by looking at participation rates, the actual number will be somewhat fuzzy. Regardless, it is higher, and the question I ponder is "what is the new norm in this 2nd machine age? 15%? 25%? More?"
As an aside, I was just looking at the appendix of that study I posted, and in it they have a long list of occupations they see being "computerized" in the next 20 years. Some of the shit on there is amazing; the amount of trades that will become automated is shocking, things like stone-masonry and welders, etc.
There were tweets about it someone who worked there jumped off the building.Are you kidding? What happened?