[PeterPrinciple]

Working for anyone but yourself will soon be obsolete.

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Think of the implications on that. power no longer in the hands of govt and large business. Universities gone because we move back to apprentices.

I would welcome other thoughts on the implications.

[Valpal1]

I think one of the implications is something some millennials have already figured out is cottage crafts. Brew pubs, cheese dairies, bakeries whose goods I see hawked at farmer’s markets.

Robot goods will be dirt cheap and hand crafted goods will become the items with cache.

I am minded of various descriptions from various fantasy fiction about the skilled craftsmanship of elven cultures whose long lives led to superior mastery of various arts.

The problem is that large numbers of humans may choose to live like orcs rather than elves when presented with the opportunity.

[Garth Tater]

Think of the implications on that. power no longer in the hands of govt and large business. Universities gone because we move back to apprentices.

Govt has been able to tax away most of the labor productivity gains achieved over the last century. The gains from this new techno-revolution may be harder for them to steal since we can keep our means of production closer to home and out of the commercial marketplace but I have faith in them. They are very good at what they do.

Universities on the other hand... they are so last century. A great education is already available for next to nothing via the internet. And if you need some hands on experience, workshops and labs like MakerSpaces and NextFab are available for reasonable fees. People with massive student loan debts are going to be very upset with themselves and their alma mater.

[Eisenhower Republican]

“Universities gone because we move back to apprentices.”

If only that were so. The requirements, both in terms of education and experience, for finding work or being self-employed are just going to continue skyrocketing upwards. A few years from now, a simple engineering degree will be considered passe the way a HS diploma is now. You’ll likely need some type of advanced degree in addition to an apprenticeship to be valuable enough to be employed/self-employed.

Also - gov’t and large businesses are the entities best equipped to rapidly scale new technology, so I wouldn’t count on their power diminishing any time soon. Any hope of decentralization would be through social or political action. Economics simply doesn’t favor it over the long haul. I found Trump’s comments on dusting off the Sherman Act intriguing. Let’s hope it wasn’t just bluster.