APTOPIX_South_Africa_Miners_Strike-07651In an op-ed in The Wall Street Journal, former Treasury Secretary Lawrence Summers revived a debate I’d had with futurist Ray Kurzweil in 2012 about the jobless future.

He echoed the words of Peter Diamandis, who says that we are moving from a history of scarcity to an era of abundance. Then he noted that the technologies that make such abundance possible are allowing production of far more output using far fewer people.

On all this, Summers is right. Within two decades, we will have almost unlimited energy, food, and clean water; advances in medicine will allow us to live longer and healthier lives; robots will drive our cars, manufacture our goods, and do our chores.

There won’t be much work for human beings. Self-driving cars will be commercially available by the end of this decade and will eventually displace human drivers—just as automobiles displaced the horse and buggy—and will eliminate the jobs of taxi, bus, and truck drivers. Drones will take the jobs of postmen and delivery people.

The debates of the next decade will be about whether we should allow human beings to drive at all on public roads. The pesky humans crash into each other, suffer from road rage, rush headlong into traffic jams, and need to be monitored by traffic police. Yes, we won’t need traffic cops either.

Robots are already replacing manufacturing workers. Industrial robots have advanced to the point at which they can do the same physical work as human beings. The operating cost of some robots is now less than the salary of an average Chinese worker. And, unlike human beings, robots don’t complain, join labor unions, or get distracted. They readily work 24 hours a day and require minimal maintenance. Robots will also take the jobs of farmers, pharmacists, and grocery clerks.

Medical sensors in our smartphones, clothing, and bathrooms will soon be monitoring our health on a minute-to-minute basis. Combined with electronic medical records and genetic and lifestyle data, these will provide enough information for physicians to focus on preventing disease rather than on curing it.

If medications are needed, they can be prescribed based on a person’s genome rather than a one-size-fits-all basis as they are today. The problem is that there is now so much information that humans cannot effectively analyze it. But artificial intelligence–based physicians such as IBM Watson can. The role of the doctor becomes to provide comfort and compassion—not to diagnose disease or to prescribe medications. In other words, computers will be also taking over some of the jobs of our doctors, and we won’t need as many human doctors as we have today.

It will be like the future that Autodesk CEO Carl Bass once described to me: “The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment.”

Summers is wrong, however, in his belief that governments can do as they did in the industrial age: create “enough work for all who need work for income, purchasing power and dignity.” They can barely keep up with the advances that are happening in technology, let alone develop economic policies for employment. Even the courts are struggling to understand the legal and ethical issues of advancing technologies.

Neither they nor our policy makers have come to grips with how to protect our data and personal information, control cable and Internet monopolies, regulate advances in genetics and medicine, and tax the sharing economy that companies such as Uber and AirBnb inhabit. How are policy makers going to grapple with entire industries’ disruptions in periods that are shorter than election cycles? The industrial age lasted a century, and its consequent changes have happened over generations. Now we have startups in Silicon Valley shaking up bedrock industries such as cable and broadcasting, hotels, and transportation.

The writing is clearly on the wall about what lies ahead. Yet even the most brilliant economists—and futurists—don’t know what to do about it.

In his debate with me, Kurzweil said: “Automation always eliminates more jobs than it creates if you only look at the circumstances narrowly surrounding the automation. That’s what the Luddites saw in the early 19th century in the textile industry in England. The new jobs came from increased prosperity and new industries that were not seen.” Kurzweil’s key argument was that just as we could not predict that types of jobs that were created, we can’t predict what is to come.

Kurzweil is right, but the problem is that no matter what the jobs of the future are, they will surely require greater skill and education—robots can do all the grunt work. Manufacturers who want to bring production back already complain that they can’t find enough skilled workers in the U.S. for their automated factories. Technology companies that write the software also complain about shortages of workers with the skills that they need. We won’t be able to retrain the majority of the workforce fast enough to take the new jobs in emerging industries. During the industrial revolution, it was the younger generations who were trained—not the older workers.

The only solution that I see is a shrinking work week. We may perhaps be working for 10 to 20 hours a week instead of the 40 for which we do today. And with the prices of necessities and of what we today consider luxury goods dropping exponentially, we may not need the entire population to be working. There is surely a possibility for social unrest because of this; but we could also create the utopian future we have long dreamed of, with a large part of humanity focused on creativity and enlightenment.

Regardless, at best we have another 10 to 15 years in which there is a role for humans. The number of available jobs will actually increase in the U.S. and Europe before it decreases. China is out of time because it has a manufacturing-based economy, and those jobs are already disappearing. Ironically, China is accelerating this demise by embracing robotics and 3D printing. As manufacturing comes back to the U.S., new factories need to be built, robots need to be programmed, and new infrastructure needs to be developed. To install new hardware and software on existing cars to make them self-driving, we will need many new auto mechanics. We need to manufacture the new medical sensors, install increasingly efficient solar panels, and write new automation software.

So the future is very bright for some countries in the short term, and in the long term is uncertain for all. The only certainty is that much change lies ahead that no one really knows how to prepare for.

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  • frank

    United States it is almost 2017 2030s 2040s this is our future the people of this country should have bigger dreams more promises and more guidance for the young and the old the poor and much more we can fix our problems here on earth fairly quick if some of the big head honchos would get out-of-the-way I see churches built on every corner when it should be science centers there 7-Eleven’s on every corner there’s CVS
    that doesn’t do a good job at taking information and getting things done the way they should parts that people order for machines should be labeled right the first time we need a more efficient future we need to be protected when we go to our shopping centers those cameras in stores should watch our personal belongings and not just there’s we need software to teach us just as well as a teacher would computers must guide us and we must guide ourselves immortality all these things are possible and they should be real things that are presidents talk about so I was humans have something to look forward to if there are different sectors build to study every part of the human body there is no reason why we can’t rebuild one download ourselves and become something completely different from what we are today telepathic technologies must exist in the next 20 years for the public it would make people more honest there are so many things that aren’t being done fast enough I am very worried about the future I have many ideas hopes and dreams they say it’s hard to get out of earths atmosphere I thought of a theory that might help us a little bit I Saul a video online of a glove with Nana fibers the oil just slips right off of the glove it does not absorb and soak into the glove so why are we not putting nano fibers on the skins of our spaceships the atmospheres the oil it can’t be absorbed we must live through it and we can they say we can only teleport one Adam and we can’t teleport a whole human body well call me crazy but I don’t think we’re trying hard enough you know they have 100 different medicines for the same thing they have henna tattoos why wouldn’t they use that technology to protect your skin from the sun for a week you know what I’m saying we got the cure greed is tearing this Country and world apart I have faith things one day could be different and I think it’s gonna take a lot a nosy good people need to look at all of our shopping centers all of our corporations do a background check find out where the moneys going and change this world I’m 25 years old I should have plenty of opportunities for jobs so I can change the future we don’t need police we need a different type of police that will help guide us we also need our space if people want to smoke weed and be happy leave them alone if we want to extract oils leave us alone if we want to make oral medicines leave us alone if we want to go to outerspace leave us alone this is our world this is not a corporations world or the governments world I am determined and I will change this world and against the grain is the best way starting today we could have promises we could have change we could have sincere artificial intelligence is that clean our rivers I have many plans and I want to do more than one I don’t know how I’m gonna do it but I’m pissed off for greatness I want to break through the cloud nine limit I want to be infinite call me a dreamer but I’m not the only one there is so much to be pissed off about it and fight for they say it was the end of the space program for them it was now it is our turn the future belongs to the people the land belongs to the people of the plants belong to the people parents should teach their children not teachers that don’t get paid enough to even handle simple things we better not have to pay for electricity in 20 years we need to recognize now what’s going on and take control these people that are leading the country do not care about us we must sacrifice hours after we work at our jobs at science centers across the country and go over work but people have already done so we can take off where they left off and make this world a outstanding place I am so frustrated I see greatness I think we should use all of our tools and we should start getting rid of the barstools as your 18-year-old son drives into the tree we make alcohol more acceptable why is it taking so long to do simple things people are making simple stuff way more complicated than it has to be there needs to be a future plan that everyone buys into for example everyone buys into the Bible and believes that crap a book that tells you the in the days are near and the future is bleak and there is an invisible heaven with some dude sitting in a chair that judges you we have our kids in church crying believing this crap we should not be brainwashed we should have a belief in the stars and our self worth our drive we don’t need a corporation going the moon or Mars we need people that care about the core values not the money we need to get our people living in the hundreds and maybe even forever we need to know what’s on the other side of the door before we even turn the handle I believe we can master almost everything but we need guidance the world should have it together we have a lot of tools to use and we have something no other species has two hands and imagination we are the creators and here I am every single day hearing on the news in the radio out there fighting a war for trillions of dollars my whole generation has to pay for and this war is in the desert in the middle of nowhere and I can’t believe this is the world were living in because I think we can be immortal but we’re just not getting our shit together we need a new Steve Jobs to analyze the whole fucking situation somebody that is going to do many things simultaneously so we can just get earth in check and move forward in my lifetime I don’t want to see a group of astronauts on the moon or the surface of Mars no one does we want to see thousands of people colonize and change the universe around us and we can and should be able to do the most ridiculous absurd thing most people have a problem with the mortality how do you solve the issue of space for all these individuals you can pack hours of music on a disk right you can download plenty of information we need to download our consciousness we could download 1000 people on a artificial spaceship that’s the size of a P send them through a wormhole that we build on earth contained and pop them out on the other side like a flashlight project ourselves completely into the future use the fabric of our system the way it’s meant to be used it can be bent they can change became materialize into something amazing or disintegrate into nothing I think the worlds job needs to be their own spiritual growth and managing their health so they don’t die how high can we get not very if people keep tell me what to do with my life not very much I’ll be able to do with my life since the world is ran by money and there isn’t much of it and they want you to get a GED when education isn’t free and there aren’t enough good people around to talk to you and guide you fuck it just a couple thoughts for the mind keeping it short and sweet something something something hope this was an all for nothing .

  • John Dzwon

    What this article and its associated messiahs of utopia fail to factor in, for some strange reason, is that unlike technology, human behaviour changes very slowly, and at the top of the human pyramid of selfish desires is not financial wealth and material possessions, but power and control.

    In my opinion, it is far more likely that these new technologies will simply give those at the top, a level of global control, in the form of human subjugation and oppression, that Stalin and Hitler could only dream of.

    I suspect that the only thing Orwell got wrong, was the date.

  • Mike

    The above is naive drivel And the fact that many believed to be intelligent falls for it is even more astounding than the ludicrous claims above. There is not now nor at anytime in the future a Utopian reality where humans will enjoy 10 hours of “work” per week and the rest to focus on creativity and enlightenment. There will be no NPV. There will be no freedoms gained by a mechanization and technical “takeover in the workplace that we are in the early innings of now……..only servitude and loss of freedoms. The writers premise – as the premise of all good socialists and communists – is based on the assumption that there will be wealth provided by “the machines” that will equally distribute social support on an equal basis. It assumes as this jobless society grows – that wealth will grow and it will be distributed equally. Personal growth and personal wealth will be deemed unnecessary as we will have all we want.

    However the operation of the “machines” will be overseen by humans – which are prone to the same 7 deadly sins as they did over 2,000 years ago. Corruption will increase vs diminish. Wealth inequality will increase vs flatline. And personal freedoms will diminish in favor of “the common good”. Greed, sloth, pride, gluttony, and the others will rapidly increase among the lazy “provided for” electorate. The same sins will increase more so with the “overseers” that regulate and dole out the machines output and in doing so use it to control and influence the citizens of the statehood. The planet will increasingly become lazy and overridden with “what can you do for me now” mentality while they spend less than 10% of their 80 year expected life span working and contributing via work.

    Apparently the money tree and sugar daddy’s will come out of hiding to provide to all of us for this scenario.

    This dysfunctional unrealistic picture of the future has been painted many times in the past on many different canvases……..and the result is always WRONG when the future rolls around. The scenario of where we are heading with a increasingly rapid elimination of jobs are correct…..yet the outcome painted is 180% incorrect. We are basically destroying the workforce. We are eliminating the middle class. Jobs are disappearing along with everyone’s standard of living. And governments & banking conglomerates across the globe are borrowing money at yet unseen high levels to provide a sense of balance to the electorate while they scramble to try and figure out what to do going forward with no work, no future, and a depleted social support network to provide for it.

    We are laying the groundwork for a utopian society that cannot exist. We are eliminating the jobs based on the assumption that “we always figured out how to make money in the past via work for the mass population – and will do so again going forward. Not this time.

    If the predictions of needing less people and therefore having less jobs becomes the truth as the writer surmises – utopia will not surface as he naively says……..but instead we will be confronted with more inequality, more unrest, more poverty, and much much less freedom. And eventually – WWIII to bring about the final acclimation to the new world order.

  • Brazilian Slaughter

    You people are so optimistic… or should I say guillible? Its pretty much the same thing.
    You think that the 1% will just share with you? Yeah right nope they won’t. Enjoy living in misery, at least until our Lords and Masters send him in the robot armies to kill all the filthy non-rich people.

  • Panoramic.

  • GaryReber

    This is a MUST READ article that projects a future where “machines” of all sorts of sophisticated capabilities, including robotics, super-automation, computerization, etc, will virtually replace the necessity for human labor, with the exception of a minority of highly educated and skilled workers to continue invention and innovation and the operation and maintenance of the “machines.”

    But I disagree with Vivek Wadhwa’s assessment that “no one really knows how to prepare for” this future where there will be hordes of citizens of zero economic value. The way to deal with this imminent reality, while strengthening the person and honoring private property principles is to reform the system to empower EVERY citizen to acquire ownership in the wealth-creating, income-producing capital assets resulting from future technological invention and innovation.

    Because productive capital is increasingly the source of the world’s economic growth it should become the source of added property ownership incomes for all. The reality is if both labor and capital are independent factors of production, and if capital’s proportionate contributions are increasing relative to that of labor, then equality of opportunity and economic justice demands that the right to property (and access to the means of acquiring and possessing property) must in justice be extended to all.

    Rather than focus on Job Creation which is a dead end endeavor and holds back technological invention and innovation, our economic policies should focus on wealth-creating, income-producing capital Ownership Creation.

    Given that there is no question that robotic technology will continue to expand the productivity and in large measure destroy jobs and devalue the worth of human labor, the question that SHOULD be urgently addressed is WHO SHOULD OWN THE FUTURE TECHNOLOGY ECONOMY? Will ownership continue to concentrate among the 1 percent wealthy ownership class who now OWNS America, or will we reform the system to provide equal opportunity for EVERY child, woman, and man to acquire personal ownership in FUTURE non-human capital assets paid for with the FUTURE earnings produced by the investments in our technological future?

    The solutions to put us on the path to inclusive prosperity, inclusive opportunity, and inclusive economic justice are available for one to study and act upon by sharing them with the people you know, and demanding that politicians support and advocate them.

    Support the Agenda of The Just Third Way Movement at http://foreconomicjustice.org/?p=5797, http://www.cesj.org/resources/articles-index/the-just-third-way-basic-principles-of-economic-and-social-justice-by-norman-g-kurland/, http://www.cesj.org/wp-content/uploads/2014/02/jtw-graphicoverview-2013.pdf and http://www.cesj.org/resources/articles-index/the-just-third-way-a-new-vision-for-providing-hope-justice-and-economic-empowerment/.

    Support Monetary Justice at http://capitalhomestead.org/page/monetary-justice

    Support the Capital Homestead Act at http://www.cesj.org/learn/capital-homesteading/capital-homestead-act-a-plan-for-getting-ownership-income-and-power-to-every-citizen/ and http://www.cesj.org/learn/capital-homesteading/capital-homestead-act-summary/. See http://cesj.org/learn/capital-homesteading/ and http://cesj.org/…/uploads/Free/capitalhomesteading-s.pdf.

    Support the Unite America Party Platform, published by The Huffington Post at http://www.huffingtonpost.com/gary-reber/platform-of-the-unite-ame_b_5474077.html as well as Nation Of Change at http://www.nationofchange.org/platform-unite-america-party-1402409962 and OpEd News at http://www.opednews.com/articles/Platform-of-the-Unite-Amer-by-Gary-Reber-Party-Leadership_Party-Platforms-DNC_Party-Platforms-GOP-RNC_Party-Politics-Democratic-140630-60.html.

  • Manish Bhan

    Vivek and all those who commented – Thanks . Such articles are a breath of fresh air .

    My clueless 2 cent’s

    Big question !

    After we automate today’s job , what next ?

    To me the answer is quiet simple, we will be doing tomorrow’s job and they will be lot more numerous than we can imagine today.

    To your point and to others point . Jobs of tomorrow would focus on creativity ,enlightenment ,contribute to NPV, fighting towards unstable economy, human capacity development ,personal innovation , exploring outer space and other new areas that we cannot simply fathom and affirm today .

    We are eternally needy species who dream to survive, our needs will evolve and so will our challenges, by the mess we create.Like in past, these basic instincts will keep us busy as long as we exist. Bare in mind ,our key driver is our emotion and no logic. . Hypothetically, if robots would threaten our presence beyond a point , they simple will not be promoted and any group who promotes them will be disengaged.

    I do however feel that the infrastructure to make us capable of the jobs of the future has to be created and will be created with goals of future technologies eventually pivoting from developing resources for sustaining humans to developing human themselves.After information age we will entering into human age where focus will be on humans.

    Talent the way it is developed and defined today will change altogether. Talk about making human talent programmable ,talk about manufacturing talent, talk about cloning talent . Unfortunately or fortunately we all will be programmable workers and surprisingly way more efficient and creative than we are today .

  • seanhunt

    Admittedly automation was one of the hardest of the problems I tried to solve. Occupation has been the basis of status and identity since the time of the tribes. Ask an anthropologist the importance of status… and it’s going to go away. If that was the only problem it would be bad enough, but it is only part of far more. At the same time, we are seeing the disruption of many institutions we have relied on including religion, industry, politics and economics. We are seeing scary looking things happening in the environment and problem after problem facing society is coming into view. Medical researchers say we are in great danger of pandemics. Perhaps the biggest problem of all is not yet recognized, though the research is coming in on it and soon someone is going to figure out that one like I did long ago. The problem is we do not see a path to the future that looks real good. Our images of the future are dystopian, often of wastelands with no trace of civilization. If you are a parent, you must worry for your children. I’ve spent over 4 decades trying to solve these problems. The thing is that all these problems are related and they must all be solved together. There is only one way to organize and relate them all. That is to look at them as ecology, the study of a specie’s survival. It is very revealing, especially because it really is the basic problem. We have left behind the ecology we are most adapted to, the so called hunter gatherer and have been developing through transient ecologies ever since. A specie without a stable ecology is generally known as extinct. We must create and adapt to a new long term “stable” ecology. If you want to know the path, I did publish a book on it.. at Amazon called “Transition To A New Human Ecology” – Michael Breeden. The dangers are great, but the potentials are more than our Aspirations (Chapter 7;) Take a gander if you like.
    http://www.amazon.com/Transition-To-New-Human-Ecology-ebook/dp/B00K61A64S

    I am working on the second book “Civilization, The New Human Ecology”. It is a bit difficult, but I think I have a path that will work.
    .

  • Raghuramji

    Basically Why should we work?

    Lot of persons think that,

    If we can’t work, we can’t earn.

    If we can’t earn, we can’t spend money.

    If we can’t spend money, we can’t buy food or the necessary things to live.

    I don’t believe in these.

    If we get food or the necessary things for free, why should we work?

    As per the current trend in TamilNadu, INDIA, I can say that, if a government gives the necessary things for free, nobody will work. I can see that happens in many places in INDIA particularly Tamil Nadu. Here farmers face a major labour shortage problem due to the number of free schemes made by government.

    Nobody likes to work for the sake of money, if they got everything needed for free. Some of us may think, how is it possible to get all for free? Automation will make that happen some time soon.

    According to me, everybody should work for the sake of their own will and not for money.

    Why do we go for automation?

    We don’t want our fellow person to do a difficult/repeated manual job for the sake of money. By that way, we are creating a labour free world. In a labour free world, Humans has to think creatively and make things easier for our next generation. If we are not a person of that kind, we can do some manual work for the sake of our health and mind, not for money.

  • Raghuramji

    Vivek,

    I just shared my thoughts here http://raghuramji.wordpress.com/2014/08/14/automation-leads-to-a-jobless-future-for-the-benefit-of-human-being/

    Have a look and let me know your thoughts.

  • Pingback: Automation leads to a Jobless Future for the benefit of human being | raghuramji()

  • A great article. This guy is right on. My prediction is the spark where
    this really tanks the economy as we know it will be in the early 2020s.

  • AGK

    We are definitely in the greatest economic transition since we left the agricultural economy to build the industrial economy. And ultimately this is a good thing but it will be a very bumpy transition because we are moving from a “Quantity of Stuff economy to a Quality of Life economy”. I call it an “Integrative Economy”. We will need to measure far more than the GDP, we will need to recognize the ‘non-profit sector’ as a separate work sector that can be invested into in new ways (see B corporations as one example) and we will need to redefine wealth accumulation beyond the traditional money, property, possessions and power to include sharing (already happening), relationships and new currencies/trade mechanisms. If we implement these three things, it opens up many possibilities for employment and creating a vibrant economy.

    One other major that will also have to happen is recognizing how important ‘human capacity development’ will be in creating this next economy. We take for granted that babies are born and grow up to be adults—but actually humans have to be taught to be human. This requires us to see human capacity development as one of the most important jobs of the future. We have made great strides in this knowledge over the last 50 years–but we have barely tapped human potential and we continue to birth babies and let human capacity development be a ‘crap shoot’ . Some kids get great human capacity development but far too many, most really, do not. We can change that and if we do, we will build an economy that engages everyone with the capacity of taking responsibility for being a part of building the economy they live in,

  • Sandwichman

    I agree with much of what you say here, especially about shrinking the work week. Keynes recommended this back in 1930 and again in 1944-45. I’ve been an advocate for 20 years. I’m not sure, though, if you appreciate the long-standing, deep-seated antagonism toward that solution by the high priests of capitalism, the economists. I’ve documented that resistance in several papers on the so-called “lump-of-labor fallacy” and have just posted a series tracing the history of the fallacy claim and its relationship to economic orthodoxy. http://www.scribd.com/doc/235696138/Supply-Creates-Its-Own-Demon-SCIOD

  • Andy Gardner

    Really interesting article. As a Careers Adviser working in the UK who works mainly with sixth formers (high school diploma ) I feel it is my job to communicate in a understandable way your points without scaring the life out them. So many students are still making career decisions due to family and cultural influences, I call it ‘medlaw’ syndrome. When set against IBM Watson this makes for an interesting /scary future. As we know the law of unintended consequences may well apply and IBM Watson may well kill me off!
    Yours
    Andy Gardner

  • LuisFer

    When all the people are not working and life supposingly would be easy, how would this unemployed person is going to be able to afford the living if there is no work? How this person will be able to have income to have all the needs of a normal life?That is the question. I know that the advances in technology are there, that we could live a great life where all the work can be performed by machines. But what is the cost and who would be able to afford this living? I am an engineer with 35 years experience but this economy has kept me unemployed for long time, when I get e job only lasts three months, once is complete I get laid off and back to get a new job. Is that the future of most workers? Specially at my level? I know my future is work until you drop because retirement would not be enough for me to live on. Do you understand all the implications of what I am talking about?

    • I do understand and this worries me. What some people say is that we will create a safety net. With this and the dropping costs, we will be able to look after the population. My worry is that technology is advancing exponentially, but humanity is not.

      Frankly, I don’t have the answers.

  • Larry Chang

    In a 2011 paper i wrote, proposing a Planetary Index:

    “We may expect billions of current wage earners to quit drudgery jobs they hold just to make ends meet. With basic needs taken care of, they will be free to develop their natural talents and pursuits all the while contributing to Net Planetary Value (NPV). Careers will be replaced by vocations. The evaporation of the financial sector will release number-crunchers to serve Value rather than Mammon in new roles of assessment, valorization, and compliance. Mechanization of routine jobs will increase but there will always be room for casual and temporary labor and persons willing to engage in them whether to increase their access to value or just to have structured activity. Some may find fulfillment and meaning in menial tasks. Emancipation from wage slavery will liberate humans to pursue lifelong learning, develop aptitudes and become more engaged in
    governance and community building.”

    http://netplanetaryvalue.wordpress.com

    • Fabulous predictions.

    • DNA(splicer)

      If only but greed is a very unpredictable and very very glutenous creature. Even when greed has all it has ever wanted it will want more and more and more and more………………

  • Ron R.

    Great article! What about the thought of any job-eliminating robot or process being taxed on a small percentage basis into the government Social Security fund to help care for the people losing employment?

    • We may well need something like that…

    • May

      Good thought, but the system is going to have to allow for the productive side to live a better life style than the unproductive side. Otherwise, the productive side will shut down.

      • Ron

        I would like to see progressing technologies fund sources to help PEOPLE or society in general, not just profit the manufacturing or production sectors. As robots become the productive parts of society, we still need to provide for PEOPLE. People who lose jobs still need the means to pursue interests, leisure activities, or private business start-ups once robots replace their employment. Some sort of tax or stipend or fee on technology-replaced jobs would insure that there is funding for the changes occurring in society.

        • Ron, you are right. We have yet to figure all this out…

  • pjpd

    Vivek

    I wrote a two part article about this a few weeks ago… and gave some thoughts on what the future holds and I agree we will have to work fewer hours
    http://www.innovationexcellence.com/blog/2014/06/27/the-coming-workless-future/
    http://www.innovationexcellence.com/blog/2014/06/27/personalized-innovation-in-a-workless-future/

    • Those are excellent articles—particularly the second…thx

  • Peter Gold

    Guess what. Government is law and order so as people can be free to think,work,eat and live. People create government, people create jobs, people group together to do what they can not do individually. Only ten thousand children die of starvation a day that could be prevented if man and the world religions allowed 12 year old girls to have birth control pills to prevent conception of children they have no milk in their breasts to feed since they too are near starvation. Maybe it is time to have the world run by woman and make men the employees of women to allow full employment of men.

    • Peter that is a radical solution that I won’t argue with.

  • Most of us simply are blind to the many jobs out there waiting to be done. Here’s an example. In every advanced country rated at least partially free, there is a theory that the people are supposed to oversee or at least consent to government. The US is an extreme case of this. With its dual sovereignty system and 51 definitions of what a government is, the number of institutions to be overseen travels well into six figures. The task is so big, so daunting, that nobody actually does it and the most simple management reports that a private sector manager would expect as a bare minimum are simply not available to the voter.

    US government sector spending is ~40% of GDP. Other 1st world free countries the percentage can actually be higher. This task, by itself, will absorb enormous numbers of people fixing it. It is a task, until the emergence of open source business intelligence tools in the past decade and the near future emergence of the internet of things and autonomous sensors that can actually provide independent means of verifying government claims, that was impossible. In the near future because of the automation that is coming, it will start to be possible.

    If that is not enough, space is starting to be opened up. Within the next two years we are likely to see multiple private rocket companies reach orbit and start commercial operations. The cost of space is cratering with the emergence of reusable rocket technology like that pioneered by SpaceX. You can just dimly see a future of moving manufacturing into space with a plethora of new jobs being created.

    We’ve only started to scratch the surface of the material science possibilities made by new materials coming on line. We have no idea what will be made possible by inventions such as the recently commercialized supercapacitors that just entered the market last year. Everybody predicted that they would revolutionize transport and they might one day. But the first application is revolutionizing oil and gas drilling, an application out of left field and in line with the owners’ interest in making practical deep hole geothermal drilling.

    The future is bright, if the politicians don’t panic and set up a gargantuan welfare apparatus for a jobless future that isn’t coming and choke that brighter, job filled future off by wrecking the ability of the market to fund it.

  • nlcatter

    will? it is already a fact. robots build cars, detroit is bankrupt.