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The problem is automation and technology is getting so good that we don't need that many people working anymore. Autonomous vehicles have a very good shot of di
by jasonjei 10y ago
The problem is automation and technology is getting so good that we don't need that many people working anymore. Autonomous vehicles have a very good shot of displacing a lot of jobs in a few decades. You can't also tell people in their 50s and 60s that you'll educate them for a new profession.
I remember an MIT economist Zhou Lin said this would be one of the big problems of our generation. I suspect Basic Income would have helped in the interim.