hanermo
Titanium
- Joined
- Sep 28, 2009
- Location
- barcelona, spain
Absolutely.
It is likely china and the EU will take over medium term, as education is == free and of high quality.
A good example is india taking over IT jobs at low cost.
It is likely china and the EU will take over medium term, as education is == free and of high quality.
A good example is india taking over IT jobs at low cost.
My concern about automation taking over jobs, is that as an end game the ownership of the automated labour will be concentrated to a few people, reducing social mobility, the american/capitalist dream that hard work can drag you out of poverty will go up in smoke, as the reality will become that unless you have the capital to invest becuase your mummy and daddy were rich, you can't get on the automation ladder, and instead have to try to do things with manual labour, which will drive a commercial disadvantage to any start up or entrepreneur who doesn't have a few hundred thousand to sink into automation set up.
I am sure other opportunities will emerge, but ultimately unless the ownership of robots is in some way limited economy will face some very interesting challenges as costs drop due to lower labour costs, but reduced income reduces demand.