Daily bread 02/04/2018

• Martin Ford: How we'll earn money in a future without jobs | TED Talk | TED.com

  • Is it possible that at some point in the future, a significant fraction of the human workforce is going to be made redundant in the way that horses were?
  • The future is going to be full of thinking, learning, adapting machines.
  • technology is finally beginning to encroach on that fundamental human capability
  • Moore's law
  • it's machine learning
  • something on the order of roughly half the jobs in the economy.
  • by no means just about low-wage jobs or blue-collar jobs, or jobs and tasks done by people that have relatively low levels of education.
  • these technologies are rapidly climbing the skills ladder
  • accountants, financial analysts, journalists, lawyers, radiologists and so forth.
  • the assumptions that we make about the kind of occupations and tasks and jobs that are going to be threatened by automation in the future are very likely to be challenged going forward.
  • we could very well end up in a future with significant unemployment
  • soaring levels of inequality.
  • put a terrific amount of stress on the fabric of society.
  • In order to have a vibrant market economy, you've got to have lots and lots of consumers that are really capable of buying the products and services that are being produced. If you don't have that, then you run the risk of economic stagnation, or maybe even a declining economic spiral, as there simply aren't enough customers out there to buy the products and services being produced.

  • access to this market is really critical to us as individuals, and also to the entire system in terms of it being sustainable.
  • we all have to work less, we have more time for leisure, more time to spend with our families, more time to do things that we find genuinely rewarding and so forth.
  • A lot of people are likely to be left behind.
  • find a way to decouple incomes from traditional work
  • some kind of a guaranteed income or universal basic income.
  • incorporating explicit incentives into a basic income.
  • incentive to work in the community to help others, or perhaps to do positive things for the environment, and so forth

Posted from Diigo. The rest of my favorite links are here.