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>but new jobs and new industries will rise up. At some point you have to admit that there is a limit to the potential jobs that a society can support. You can
by jklinger410 10y ago
>but new jobs and new industries will rise up.
At some point you have to admit that there is a limit to the potential jobs that a society can support. You can hope these hypothetical new jobs get created, but I don't know how you can prepare for them.
I sincerely believe there is no way to invent enough jobs, by convenience or necessity, to replace the amount of jobs that will be destroyed by automation.
- ekianjo 10y ago> At some point you have to admit that there is a limit to the potential jobs that a society can support How about the people Google and Facebook and Twitter employ ? That's a huge workforce and these jobs were not predicted by anyone 15 years back. And I'm not even talking about the network effect, i.e. businesses and freelancers and individuals who were able to build their businesses on top of the services offered by such companies. And that's just a single industry. Look at how the solar panel industry is growing, or the smartphone industry (it did not exist 10 years ago), and look at all these companies living off it making apps and services around those. Seriously, opportunities arise by themselves.
- vkou 10y agoGoogle and Facebook have a combined market cap of 900 billion, and employ 70,000 people between the two of them. Their profit last year was ~20 billion. Ford alone employs 200,000 people, with a market cap of... 48 billion. And a profit of ~7 billion. GM also employs ~200,000 people. With a market cap of... 50 billion. And a profit of ~7 billion. Tech employs very few people, compared to the amount of money it brings in.
- ekianjo 10y agoYou are not counting the jobs they enabled.