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Wasn't sure this was the best forum for this, but with advancements in technology, will people be able to work less and just have robots do most of the work, freeing large segments of the society to simply not have to work, much like having slaves do the work of producing and building houses etc?
Will we need an ever smaller number of people to actually make things or provide services freeing more people to just live in leisure?
There is a lot of concern about a record high number of working age people not working, but I wonder if technology is going make this concern moot. What do you think?
There will certainly be periods of increased unemployment after any technological revolution; however, often they end up finding new jobs and the unemployment rate returns to a sensible level. It's far from clear whether future technological revolutions will follow the pattern (or not).
Wasn't sure this was the best forum for this, but with advancements in technology, will people be able to work less and just have robots do most of the work, freeing large segments of the society to simply not have to work, much like having slaves do the work of producing and building houses etc?
Will we need an ever smaller number of people to actually make things or provide services freeing more people to just live in leisure?
There is a lot of concern about a record high number of working age people not working, but I wonder if technology is going make this concern moot. What do you think?
I've been thinking about that a lot recently. I think it's realistic that in 10 years we will have household robots that can do pretty much all chores from cleaning to setting tables. Likewise robots/drones could drive and deliver mail and do transportation for us. That would displace a lot of workers.
I've been thinking about that a lot recently. I think it's realistic that in 10 years we will have household robots that can do pretty much all chores from cleaning to setting tables. Likewise robots/drones could drive and deliver mail and do transportation for us. That would displace a lot of workers.
But nowhere near as many as were displaced in agriculture.
There will certainly be periods of increased unemployment after any technological revolution; however, often they end up finding new jobs and the unemployment rate returns to a sensible level. It's far from clear whether future technological revolutions will follow the pattern (or not).
Yep there's uncertainty right now. Robert Shiller said he's nervous about job automation
I guess what I was thinking is that the future economy may be so efficient with robots that it won't matter that people are displaced. Robots will build houses for people, making them much more affordable and will build all the products in them, essentially making many Americans like Roman elites, doing little and letting the slaves do all the work.
Robots already work in car factories, but they may become the assembly line itself, making cars much cheaper as well.
Kind of a thought experiment I know, but I wonder if the advanced technology may end up saving us from an unemployment problem because people simply won't need to work.
I guess what I was thinking is that the future economy may be so efficient with robots that it won't matter that people are displaced. Robots will build houses for people, making them much more affordable and will build all the products in them, essentially making many Americans like Roman elites, doing little and letting the slaves do all the work.
Robots already work in car factories, but they may become the assembly line itself, making cars much cheaper as well.
Kind of a thought experiment I know, but I wonder if the advanced technology may end up saving us from an unemployment problem because people simply won't need to work.
I believe that we may well be past the point where we can offer a pretty good standard of living for everyone worldwide without the "traditional" economic model - where everyone works to produce the goods and service we all expect and need.
I guess what I was thinking is that the future economy may be so efficient with robots that it won't matter that people are displaced. Robots will build houses for people, making them much more affordable and will build all the products in them, essentially making many Americans like Roman elites, doing little and letting the slaves do all the work.
Robots already work in car factories, but they may become the assembly line itself, making cars much cheaper as well.
Kind of a thought experiment I know, but I wonder if the advanced technology may end up saving us from an unemployment problem because people simply won't need to work.
I'm sure there would be some psychological impact to people who only lead a life of leisure.
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