How would "millennials' hard lives" and "rise of the robots" play out for future generations? (small business, complaint)

[rruff]

Originally Posted by Goinback2011

So you're seeing mandatory sterilization in that future? Otherwise, the need to sustain non-workers continues forever.

It will start with incentives to not have children. That will likely be sufficient.

[mkpunk]

Originally Posted by eyeb

you mean where "free" money is printed and handed out? I mean if robots do all the work, it doesn't cost much to "produce", if the cost is only to "maintain" the robots...

So just give everyone food stamps and the robot owners/caretakers get better stamps, and the rest get generic food items ... hm, sounds like money today lol

but my thought is that millennials will become irrelevant in 10 years or so, we just need to get the enough of the Gen Z into the work force. Millennials are already used to the low paying jobs so the Gen Z will skip those and take the higher skilled jobs and robotics won't play that big of a role as people fear

Sounds ripe for another French revolution. (Not that I truly want one...)

[Mircea]

Originally Posted by jstriding

For those of you who have not read "Rise of the Robots" by Martin Ford, he's saying entire sectors of jobs including white collar knowledge jobs may be systematically displaced by automation.

His viewpoint is highly ethnocentric, being centered mostly on the US and the 1st World, which is barely 1/5th of the World, and also economies that are well developed into the 3rd and 4th Levels.

There's not going to be any robots rising in India anytime soon.

Originally Posted by jstriding

This means even well educated workers will see parts of their jobs removed.

In 1999, Futurists were predicting mass emigration from the US, in addition to Americans leaving the US to work abroad for up to a decade before returning to the US.

Millennials should be thankful for the opportunity to travel, and all of the benefits that come with world travel, but instead, they are an ungrateful pathetic lot.

[Cida]

You might like this.

Political scientists are nearly as likely to study economic inequality as economists are, though they’re less interested in how much inequality a market can bear than in how much a democracy can bear, and here the general thinking is that the United States is nearing its breaking point.

Why Inequality Persists in America - The New Yorker

[rruff]

Originally Posted by eyeb

Gen Z will skip those and take the higher skilled jobs and robotics won't play that big of a role as people fear

The only way robotics will *not* make most human labor obsolete is if the computer and AI tech stalls.

[rruff]

Originally Posted by Cida

Political scientists are nearly as likely to study economic inequality as economists are, though they’re less interested in how much inequality a market can bear than in how much a democracy can bear, and here the general thinking is that the United States is nearing its breaking point.

I think you have it backwards. The rise in disparity since the mid 70s has been due to a lack of democracy... government policies designed to favor the few (very few) over the many.

[jgn2013]

Originally Posted by eyeb

We could have a bunch of "slave" labor monitored by automation , don't do your job fast enough? The boss will see it on the efficiency reports.

Talk too much on social media? that gets logged too lol

More automation just means people have to "think" less to perform a job since they end up just pushing buttons at the correct time/sequence... more robots just "automates" their human users

other than that, the future is going to be fine... in 5-10 years the millennials will all be forgotten in the working world. The ones that are going to be successful will have "made it" and the ones that didn't will get replaced by the people in high school/college today. This happens in every generation too. Usually there isn't such a large age gap, but there might be a 10 year gap in ages but nothing we haven't seen before in the work force

Millenials rival 'Boomers in terms of size. They likely won't be forgotten anytime soon.

Besides, based on what I've seen with kids born after 1995, you had better hope the 80's babies are in charge.

[mickdoo]

It will never happen.

[mkpunk]

Originally Posted by rruff

I think you have it backwards. The rise in disparity since the mid 70s has been due to a lack of democracy... government policies designed to favor the few (very few) over the many.

These acquisitions sound good but in practice who knows why economic policies work or not? There are far too many x-factors at play while most economic models are set to be tested with changing one variable at a time. In reality, multiple factors change at virtually the same time. It is hard to know if a lack of democracy has created the disparity or the disparity has created the lack of democracy.

[rruff]

Originally Posted by mkpunk

These acquisitions sound good but in practice who knows why economic policies work or not?

Nothing mysterious about this.

The effect of the policies was highly predictable and obvious. It was a major wealth shift to a tiny fraction via globalization and finance, at the expense of 99.9% of the population. It was also easy to predict that propaganda would effectively quell the protests, and the public would forget about it. Escalating fiscal and private debt, and an increase in female employment ensured that the damage would be less felt, and basically forgotten until the bubbles collapsed.

I thought in 2008 that *finally* people would take notice and the oligarchs would be forced to change policies to benefit the US economy and the middle class. I underestimated the effectiveness of the propaganda to obscure and confuse the obvious, however.