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I heard a debate about this the other day on a satellite radio business channel. There was a related discussion on CNBC which focused on Amazon's role in job elimination and whether its business will eventually result in net job gains or losses? Any way you look at it the losses are real and the effects are moving their way up the skill and wage ladder. If the experts are right, how will countries around the world deal with the loss of 30% of the jobs that currently exist? What changes to education, economic policy, welfare and social services will be needed to accommodate this shift?
Many say we are in the beginning stages of a new technology revolution. How will balancing the needs of labor and capital must be addressed? Will our elected leaders be honest about these displacements and be proactive or will they hide behind misleading statistics and keep pushing it out to avoid scaring the general public and/or protect the interests of those who stand to gain financially from these changes?
These are critical issues which need to be addressed now. If the predictions are realistic, the consequences of inaction are dire. Countries and governments need to find solutions that avoid ending up with a massive group of unemployed workers and a world-wide depression.
Not sure what's new. You do realize not that long ago somewhere around 60 percent of jobs were working in the primary sector. Today it's around 2 percent. Nothinge new.
Yep, the robotic revolution is coming. Well actually, it has been coming for decades. Robots are nothing new. The first satellite sent into space, your coffee maker, the Mars rovers, etc. are example robots.
I understand the fear and apprehension but progress marches on. We will adapt, as we have been doing so successfully since our stone-age ancestors.