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We have an interesting dichotomy today which was very apparent in a discussion last night. A friend goes to an annual management seminar where last year's focus

We have an interesting dichotomy today which was very apparent in a discussion last night. A friend goes to an annual management seminar where last year's focus was on this topic of expecting employees to work until later in life. This year's topic was the end of work as many positions will be replaced or augmented by machines. Which is it? There won't be jobs, so we have to figure out Guaranteed Income or other alternatives, or there will be jobs and we'll continue working later. I'm tempted to suggest the first is more likely, but be prepared for the 2nd.

trprog 10y ago
Why not both? A possible timeline... Machines replace lots of humans meaning the permanent disappearance of a large number of jobs. Wages fall as competition for the available jobs increases. Social services are slashed to reduce government expenditure. Those still able to find work cling to their job despite falling salaries virtually until death for fear of having to join the vast sea of unemployed people struggling to survive. ---------- I am not necessarily suggesting that this is probable however mass unemployment due to automation and people working well into old age are in no way mutually exclusive.