This is Probably a Good Time to Say That I Don't Believe Robots Will Eat All ... - 4 views
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This is Probably a Good Time to Say That I Don’t Believe Robots Will Eat All the Jobs …
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kimah6 on 26 Jun 14Benefits of robotics technology. Author in support of technology advancement.
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First: Focus on increasing access to education and skill development, which itself will increasingly be delivered via technology. Second: Let markets work ( this means voluntary contracts and free trade) so that capital and labor can rapidly reallocate to create new fields and jobs. Third: Create and sustain a vigorous social safety net so that people are not stranded and unable to provide for their families. The loop closes as rapid technological productivity improvement and resulting economic growth make it easy to pay for the safety net.
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There is a consequence to a growing robot workforce. Everything gets really cheap.
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One of the most interesting topics in modern times is the "robots eat all the jobs" thesis. It boils down to this: Computers can increasingly substitute for human labor, thus displacing jobs and creating unemployment. Your job, and every job, goes to a machine.