I was reading the Asian Scientist this morning, and was thinking about the accelerating pace of technological change, and our pathetic human response to the expected human consequences of accelerating technological unemployment (various types of Basic Income and Retraining/Education). Oliver Tian points out the problem and clearly lays out the challenge in the Asian Scientist.
The Asian Scientist article also provides a bit of data on the growth of industrial robotics.
That’s a massive amount of growth, and it’s actually the tip of the iceberg when considering the technological change involved in technological unemployment.
So, this suggests that we might expect continued declines in the percentage of working age humans participating in the workforce, and increasing income inequality, and we have no plan.
We can do better than that!