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Its one step of many imagine we have a fully automated supply chain from Producer -> Consumer without much human interaction. And it will happen in the foreseea
by spdy 11y ago
Its one step of many imagine we have a fully automated supply chain from Producer -> Consumer without much human interaction. And it will happen in the foreseeable future as this is just cost efficient.
Many jobs will disappear without replacement and we have nearly no discussion in the general public on how to solve this problem.
- meric 11y agoIf the consumers are unemployed, where will they get the cash to buy the products? If they're not buying, from where do the producers find the consumers? EDIT: Fiction ahead: Companies automate to sell to consumers. Consumers are put out of jobs, become unemployed, and no longer purchase as much as they used to. Companies that invested capital to build their automation infrastructure for too little return will go broke. The only automation that is profitable to build is automation the serves other owners of automation. The world's economy will separate into two, one small population, the owners of automation who trade amongst each other, and the automation-less, formerly unemployed labor. The automation economy will require huge inputs of commodities, metal, wood, silicon, and everything, to fuel their own never-ending desires, for ego-building rocket projects, moon colonies, etc. The automation-less labor will take up service jobs to serve each other, as people are wont to do. People in this economy will live with similar technology as today. But in the future they will be considered impoverished and backwards. Same kind of society, except having to compete with the automation economy for commodities. In fact, commodities like gold and silver, and perhaps even more common ones like copper and iron, will be so valuable, and with society constantly near unrest due to wealth inequality, they may be nationalised by government. Labor will be hired to strip the earth of commodities, to be shipped off the automation trillionaires. The income will be distributed as welfare payments to automation-less labor, to purchase services and goods from each other as well as a share of the commodities the automation-less economy are selling, and bits and pieces of technology from automation economy. In effect, land with resources become the last piece of real capital these people own. In the automation economy, people are mostly self-sufficient. In the automation-less economy, people are more dependent than ever on others. It will be a continuation of the present human civilisation's trend - Where originally all humans were more or less equal as hunter gatherers, in the twenty first century, humans were separated into developed, developing and undeveloped economies, where there are entire countries full of the one percent richest. In the end, the automation and automation-less economy becomes the final culmination of this trend. There are several thousand people who control the vast majority of the world's capital, and the rest unwashed masses, backwards and impoverished - the undeveloped, automation-less economy.
- joe_the_user 11y agoAlready in California, I see shops catering to middle-income consumers dying and being replaced by shops catering to the very poor or the very wealthy. The challenge to keeping the consumer side of the economy seems to be creating a class of consumers who 100-200K but still spend most or all of it. That doesn't seems to be as hard as one might imagine in a city like San Francisco.
- RyanZAG 11y agoAn interesting point: our whole economy is based around the idea that each person specializes in one thing. Eg, making torches. Then he sells his torches to a farmer in exchange for some food so that the farmer can work after dark to make more food. And he sells his torch to a miner so that the miner can go in deeper tunnels. And so on. Simplified extensively, but at the heart of it, this is what we do. So our whole economy is built around this concept of making one thing others want, and then getting them to give you things you need in exchange. What happens with automation where a single person can use automation to make everything he needs without having to barter his work for the work of others? The entire system - the entire economy - becomes unnecessary. Is it possible that's where we're rapidly heading and maybe there isn't even a problem - just a movement to end 'economy' that we've relied on for a few thousand years?
- Retric 11y ago'Stuff' is a smaller part of our economy than you might think. Software, Entertainment, Healthcare, Lawyers, Land, Prestige, etc. Even then raw materials don't show up by magic. So, automation might get rid of low end restaurants, factory's etc but it's going to take high end AI to really kill 'the economy' as we think of it.
- afarrell 11y agoI think raw materials are actually going to be easier to automate. Australian mines already have self-driving trucks and US farmers have been at the forefront of UAV use.
- nthot 11y agoInsurance premiums are a function of losses. Automated trucks will reduce losses and reduce premium. It's not going to just reduce drivers, it's going to put a dent in the insurance industry. Companies like Geico could lose 40% of premium according to a KPMG report I can't link to because I'm on my cell. This could also affect the amount of capital available to the economy as insurance companies invest their premiums.
- marknutter 11y ago> Many jobs will disappear without replacement Citation needed
- coldtea 11y agoVisit most places where a factory or trade died... This sometimes can include whole countries where nothing else came to replace the lost jobs...
- random_upvoter 11y agoIMO people forget that a human being, as a general-purpose problem solving automaton, is actually a relatively cheap resource. You can make a human being -- at this moment still the most complex object in the universe -- perform tasks for $10/hour.