Should be seen as a good thing. One step closer to nobody needing to work. Surely that's what we should be trying to move towards? The problem is legislators and legislation being unable to move with the times. I'm not sure how best to regulate it, however. Been having this discussion today at work and someone suggested the following: Huge tax breaks for companies pioneering automation, but rules in place that they have to pay the previous after tax salary to those that were replaced. Weighted in a way that it's still financially appealing to the company. Sounds a bit stupid to me, but it got me thinking.
What about Automation replacing some of the more mundane but essential jobs. Company becomes more competitive and expands. Old jobs retrained and redeployed to drive expansion. Company becomes more competitive and innovative. Introduces more automation..... hires more people etc BTW i work in the automation industry. This is is a major part of the business model.
If no one works, how are we to earn money to pay for things like food, fuel, clothing and the likes of?
Universal basic income. Those who work will earn on top of that. It may be the only way forward in a world where there simply aren't enough jobs to go around.
OK but would this universal income allow folks to have luxury cruises & trips to far off lands, top of the line cars & other finer things in life?
In the 80s we were told we needed to learn to use leisure time, that we'd have less time working. This hasn't happened, jobs lihe teaching have got more pressured, email means if you work for a business you are expected to respond 24 hours a day. There will be jobs, we just dont know what they are yet.
Reminds me of the conversation between Henry Ford and one of his union workers- “Henry Ford II: Walter, how are you going to get those robots to pay your union dues? Walter Reuther: Henry, how are you going to get them to buy your cars?
There's no answer to that, as I'm sure you're aware. There will still be jobs, the difference is that not having a job will hopefully not be a life or death situation and having a job will hopefully be a choice.
Nor am I, mate. But I thought it could spark some discussion on here. If it doesn’t work, I’m not sure what the alternative is. We shouldn’t be trying to limit automation, in my opinion
Automation can relieve work burdens, but in promoting efficiency it will probably impact on the ability of capitalists to exploit inefficient workers. Expect it to be resisted therefore.
Maybe if we are entering a new socially conscious, planet-saving era, people will be less avaricious. Travelling to far off lands will be frowned on. Buying/consuming/throwing away will be frowned on. If we re-use what we've got, maybe a universal basic income is all we need. There's less stuff to spend money on. We just need to be wired into 5G to be entertained. We become culturally less competitive. Socialism through technological advances. I don't know what I'm talking about. Another glass of merlot, waiter.
The human race has sought to do things faster and better, since they discovered tools and learned to walk upright. Every innovation creates new intellectual capital in some other area. This is the way. Besides, now all those immigrants are out of the way, there will be $hit loads of manual jobs.
Huge flaw in this model. It assumes a never ending growth of the economy consuming an infinite supply of natural resources. Oops.