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ranbotrader
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How Many Jobs Do Robots Destroy? Answers Emerge - Wolf Richter -

"new technology has created new jobs for software developers and data analysts."

Well there is a gah gah statement which says it all. Average workers who are INCAPABLE of doing the above jobs have no jobs and a few people get jobs in IT.

There are legitimate concerns about a future with very few jobs and the traditional forms of earning income are going to have to change. If they don't a whole subclass of destitute citizens will be created and then manufacturers will go broke because the market has no money to buy their goods. After that will come mass civil unrest, violence in the streets and a revolution.

Politicians and their rich business masters will have to work out how they redistribute 'money' to those who do not have jobs. Demonising them as lazy good for nothing people will only create anger and greedy big business owners are going to have to share some of their wealth to keep the almighty dollar circulating. If they refuse watch the fireworks begin. After that the rich better hire security guards with rocket launchers to protect them because they're going to need it.

The rosy future we keep reading about is unlikely to arrive and I suggest that anger and conflict will be the predominant emotions governing behaviour. Greed and poverty normally produces such responses and the mass starvation of future citizens will only accelerate and heighten these outcomes.

Good luck to those still on the planet. I'll likely be gone by then and be happy to not have to live through those times.

Commented 2731 days ago

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Beginning of the headline :But this isn’t the industrial revolution. How many jobs do robots – whether mechanical robots or software – destroy? Do these destroyed jobs get replaced by the Great American Economy with better jobs? That’s the big discussion these days. The answers have been soothing. Economists cite the industrial revolution. At the time, most humans replaced by machines found better paid, more productive, less back-breaking jobs. Productivity soared, and society overall, after some big dislocations, came ou... Read More

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