Somebody needs to call the whaaambulance.
The goal must be to have no employee costs. Nobody works....just lives in dirt huts eating said dirt.
Only our betters live well.
As long as they keep the engineers, tech and production workers here to design and build the automation products and robotics, and not send overseas, I don’t see a problem with that.
Buggy whip manufactures hardest hit.
Government jobs by and large will not be threatened until someone develops artificial stupidity...
Government jobs by and large will not be threatened until someone develops artificial stupidity...
Be the guy who manufactures and programs robots and you’ll never be out of a job.
I wonder if Robots will buy things from Amazon.com?
The Unions and lazy people want all these big pay raises for doing nothing that requires any skill and I do not blame business for replacing then with Robots. America is going to have to work and study again or get lost in the 21ST Century.
Burn the looms and threshing machines!
Not all the jobs are going to go away, just due to human demand for them to be done by humans.
The Great Shift Toward Automation and the Future of Employment
http://hubpages.com/business/The-Great-Shift-and-the-Future-of-Employment
And automation driving down the cost of labor will open up new opportunities, even if it is hiring servants to provide employment and gain prestige.
I find the people expecting a life of happy leisure when all the low skill jobs are automated hopelessly naive. The inner cities are nearly bereft of manufacturing and low skill unemployment, and instead of people dedicating themselves to caring for children and elders, we beg for volunteers to pick up trash and argue over whether or not to tolerate crime.
Just because a more intelligent upper class finds manual labor boring or demeaning does not mean the on average less intelligent lower class does. In fact, it gives them connection to society, socialization, purpose. The guy cutting your lawn feels closer to nature, more likely to pick up litter and is more likely to volunteer or get into trouble than the one on SSDI childhood to his grave.
There is no divine right to stagnation. In the context of a free and rational country, expanding and increasing economic progress caused by technological progress, capital accumulation, and more and better labor-saving machinery leads to increasing the productivity of labor, which leads to higher average real wage rates and a higher standard of living for the average worker. Increase capital accumulation also leads to higher demand for labor, which leads to increased employment. These are the conditions required to overcome the law of diminishing returns, and to have simultaneously a rise in population, a rise in employment and a rise in wages. What will happen is a change in the pattern of production and employment.
Splendid, so we’re not only going to eliminate the entire white-collar middle class, we’re also going to eliminate the majority of blue-collar workers and the entire lower class is literally going to be useless. That sounds like a splendid economic model.
“Jobs Threatened By Technology”
It’s all the same again and again, be it 1850s, 1900s, 1950s or 2010s.