The vital question for governments around the world, whatever their country’s economic situation, needs to be: what is the future of work in an era of exponential technological development?
An extensive new analysis by Deloitte estimates that over 100,000 jobs will be lost to technological automation within the next two decades. Increasing technological advances have helped replace menial roles in the office and do repetitive tasks.
To paraphrase the Bard’s famous quote: “The first thing we do, let’s replace all the lawyers with automated algorithms.”
Continue reading “New Report Predicts Over 100,000 Legal Jobs Will Be Lost To Automation” »
Just a quick heads up, high school students. You might want to save your job application efforts for retail gigs, because the fast food space is about to be invaded by robots.
We already showed you an autonomous grillmaster that can monitor and flip an entire grill full of patties. Today’s bot is even more versatile. Not only can it cook the patty, but it can also dice up fresh toppings like tomatoes, pickles, and onions… and it can even deftly stack everything on a toasted bun.
This autonomous marvel was designed and built by Momentum Machines, who just wrapped up a successful funding round to the tune of $18 million. It’s pretty clear why they attracted so much cash.
Continue reading “400 Burger Per Hour Robot Will Put Teenagers Out Of Work” »
A write-up on about neural lace and the future economy: https://altleft.host/zoltan-istvan-the-economy-of-the-future…ural-lace/ #transhumanism
Zoltan Istvan, a leading Transhuman, shows us that the economic system of Technocracy needs Transhuman citizens to make it work. This is not surprising because Transhumanism and Technocracy are two sides of the same coin. ⁃ TN Editor.
The battle for the “soul” of the global economy is underway. The next few decades will likely decide whether capitalism survives or is replaced with a techno-fuelled quasi-socialism where robots do most of the jobs while humans live off government support, likely a designated guaranteed or basic income.
Continue reading “Zoltan Istvan: The Economy Of The Future Will Be Powered By Neural Lace” »
Jobs in the solar field in the United States grew at a rate 17 times faster than the overall economy. This was part of a larger trend towards jobs in renewable energy and away from more dangerous, less sustainable jobs in fossil fuels.
A new report released by the International Renewable Energy Agency (IRENA) reveals that solar jobs in the U.S. (and other nations) are expanding quickly. As of November 2016, the American solar industry employed 260,077 workers. This is an increase of 24.5% from 2015, with a growth rate that is 17 times faster than the United States economy as a whole.
Most jobs that exist today might disappear within decades. As artificial intelligence outperforms humans in more and more tasks, it will replace humans in more and more jobs. Many new professions are likely to appear: virtual-world designers, for example. But such professions will probably require more creativity and flexibility, and it is unclear whether 40-year-old unemployed taxi drivers or insurance agents will be able to reinvent themselves as virtual-world designers (try to imagine a virtual world created by an insurance agent!). And even if the ex-insurance agent somehow makes the transition into a virtual-world designer, the pace of progress is such that within another decade he might have to reinvent himself yet again.
The crucial problem isn’t creating new jobs. The crucial problem is creating new jobs that humans perform better than algorithms. Consequently, by 2050 a new class of people might emerge – the useless class. People who are not just unemployed, but unemployable.
The same technology that renders humans useless might also make it feasible to feed and support the unemployable masses through some scheme of universal basic income. The real problem will then be to keep the masses occupied and content. People must engage in purposeful activities, or they go crazy. So what will the useless class do all day?
Continue reading “The meaning of life in a world without work” »
The Opportunity of Automation
“Ideally, what should be said to every child, repeatedly, throughout his or her school life is something like this: ‘You are in the process of being indoctrinated. We have not yet evolved a system of education that is not a system of indoctrination. We are sorry, but it is the best we can do. What you are being taught here is an amalgam of current prejudice and the choices of this particular culture. The slightest look at history will show how impermanent these must be. You are being taught by people who have been able to accommodate themselves to a regime of thought laid down by their predecessors. It is a self-perpetuating system. Those of you who are more robust and individual than others will be encouraged to leave and find ways of educating yourself — educating your own judgements. Those that stay must remember, always, and all the time, that they are being moulded and patterned to fit into the narrow and particular needs of this particular society.” – Dori Lessing in The Golden Notebook.
Continue reading “Automation Could Lead to the World’s Smartest Society” »
The full impact of self-driving cars on society is several decades away — but when it hits, the job losses will be substantial for American truck drivers, according to a new report from Goldman Sachs.
When autonomous vehicle saturation peaks, U.S. drivers could see job losses at a rate of 25,000 a month, or 300,000 a year, according to a report from Goldman Sachs Economics Research.
Truck drivers, more so than bus or taxi drivers, will see the bulk of that job loss, according to the report. That makes sense, given today’s employment: In 2014, there were 4 million driver jobs in the U.S., 3.1 million of which were truck drivers, Goldman said. That represents 2 percent of total employment.
