updated 9d ago
Rise of the Robots: Technology and the Threat of a Jobless Future
the impact that accelerating progress has on the job market and the overall economy is poised to defy much of the conventional wisdom about how technology and economics intertwine.
from Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
Blas Moros added 16d ago
advancing information technology is pushing us toward a tipping point that is poised to ultimately make the entire economy less labor-intensive. However, that transition won’t necessarily unfold in a uniform or predictable way. Two sectors in particular—higher education and health care—have, so far, been highly resistant to the kind of disruption t
... See morefrom Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
Blas Moros added 16d ago
the impact of retiring workers may turn out to largely be a wash, and as seniors reduce their spending in line with their falling incomes, that may well become yet another important reason to question whether economic growth will be sustainable.
from Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
Blas Moros added 16d ago
History suggests that the ideal is a mildly inflationary trajectory where incomes grow faster than consumer prices, making the things we want to buy more affordable over time.
from Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
Blas Moros added 16d ago
The high cost of real estate relative to incomes is another important factor. Many workers routinely save more than half their incomes in the hope of someday putting together the down payment for a home.
from Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
Blas Moros added 16d ago
The lack of a social safety net for older citizens is probably one important driver of China’s astonishingly high savings rate, which has been estimated to be as much as 40 percent.
from Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
Blas Moros added 16d ago
Indeed, the frightening reality is that if we don’t recognize and adapt to the implications of advancing technology, we may face the prospect of a “perfect storm” where the impacts from soaring inequality, technological unemployment, and climate change unfold roughly in parallel, and in some ways amplify and reinforce each other.
from Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
Blas Moros added 16d ago
nearly half of companies with sales exceeding $10 billion were either actively pursuing or considering bringing factories back to the United States.
from Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
Blas Moros added 16d ago
data from recent US recessions and found that the jobs mostly likely to permanently disappear are the good middle-class jobs, while the jobs that tend to get created during recoveries are largely concentrated in low-wage sectors like retail, hospitality, and food preparation and, to a lesser extent, in high-skill professions that require extensive
... See morefrom Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
Blas Moros added 16d ago