So there’s no stopping the train. Which means, to me that the future is going to press the human issue: How do we keep people gainfully productive and engaged in the social fabric of human societies?
A recent mail survey is drawing unsurprising conclusions about American’s willingness to fund a Universal Basic Income program for those who lose their jobs due to job-displacing Artificial Intelligence (AI). Note the distinction: According to the survey report, researchers did not ask about American’s willingness to fund a truly universal basic income. Instead it focused on a … Continue reading Americans split on UBI
Nearly all the respondents saw a future where there are so few jobs, competing enterprises and viable capitalist markets, consumerism dwindles as no one can buy anything. Productivity costs due to automation drop precipitously and, with automation destroying wage-earning opportunities, capitalism collapses into some future systemic state.
Robotification is not the panic-inducing fear it might seem according to the number one private think tank.