Tuesday, February 18, 2014

The impact of automation and robotics on the labor market

Seems like a lot of bright people are seriously investigating the impact of automation and robotics on the labor market nowadays. According to most, we're heading some serious storms in this regard. Not only is automation destroying plenty of blue-collar jobs, but with the avenge of smarter devises and self-learning software, even white collar jobs could suffer from this trend in the long-run.

However, as Andrew McAfee brilliantly explains in this TED talk, as automation first and foremost benefits the corporate profits, it will no longer do so in the future if this keeps on destroying jobs - companies will simply have no consumers to sell their products to if all jobs would disappear. This somehow pleas for a guaranteed minimum wage (or a different way to re-distribute corporate profits, if you'd ask me, this could be done in other ways than a minimum wage).

The vision of labor-free citizens that spend their time thinking, discussing, making art and designing new things while robots do the hard work, is reappearing. Sounds pretty sixties and tech-utopian, perhaps. But why not? Whether we want it or not, we are already facing a completely new logic in the way our society gets organized. Trends like 3D printing, climate change, crowdsourcing, sharing economy etc etc already are impacting the very fabric of our society. If you project all of these trends on a larger scale (okay, a very dangerous thing to do for any forecaster) you see a completely new society emerge.

How exactly this will unfold is obviously very hard to predict. No doubt the path to this transition will be painful for many, as is the case with all transitions of this magnitude. But if we're all looking in the same direction, it might lead to something better at the end... it just might...





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