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I think most people don't imagine properly the world as automation increases at all levels. The first expectation is perhaps that mass unemployment would abide
by darkmighty 7y ago
I think most people don't imagine properly the world as automation increases at all levels.
The first expectation is perhaps that mass unemployment would abide; clearly we don't have mass unemployment in most places (most of the world has a relatively high employment), so the phenomenon must not be occurring or there's the oft-mentioned effect of workers moving to high level tasks.
Since Quantum Supremacy was en vogue, let me coin another term: Robotic Supremacy. That is when a robot (i.e. some kind of automatic machine, not necessarily a humanoid robot) will be able to perform each and every task a human can do more economically. Humans will become unemployable. My hypothesis is that Robotic Supremacy is still far away (maybe a century); and also that this milestone doesn't matter as much as it appears.
The scenario of unemployability is highly unlikely; there's almost always something you can get a human to do that'll pay their food and shelter (we're fantastic machines evolved for billions of years; robots are still far away from domination in many niches). The question is how much this person will earn -- perhaps increasingly less, not more; because it has more competition and the tasks are not as essential as before. So a natural manifestation would be rise in income/wealth inequality. That's precisely what we're seeing. If left unchecked, most places will see a spiral of a tiny elite concentrating all wealth.