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I think the argument is different today. It's not just one or two industries being replaced, and it's not just super skilled labour either. When computers rep
by anko 11y ago
I think the argument is different today. It's not just one or two industries being replaced, and it's not just super skilled labour either. When computers replace our drivers, in australia, that's ~ 5% of people out of a job. That's just transport jobs, not including rental etc.
The Australian government predicts a 10% growth in that industry in the next 5 years. http://lmip.gov.au/default.aspx?LMIP/EmploymentProjections http://lmip.gov.au/default.aspx?LMIP/EmploymentProjections
Australia's unemployment rate is 6% - so that's basically a doubling of workers looking for jobs, from computerisation of one industry.
Obviously 5 years is too short term for automation of transport, but projecting further than that is a fool's game.
The fear is that automation will affect more and more industries at the same time, leading to structural unemployment. That's where a person's worth is less than minimum wage relative to the price of automation - people simply can't be trained fast enough because the industries are changing too fast and computer power is cheap.