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5 White Collar Jobs Robots Already Have Taken

bizwriter writes University of Oxford researchers Carl Benedikt Frey and Michael Osborne estimated in 2013 that 47 percent of total U.S. jobs could be automated and taken over by computers by 2033. That now includes occupations once thought safe from automation, AI, and robotics. Such positions as journalists, lawyers, doctors, marketers, and financial analysts are already being invaded by our robot overlords. From the article: "Some experts say not to worry because technology has always created new jobs while eliminating old ones, displacing but not replacing workers. But lately, as technology has become more sophisticated, the drumbeat of worry has intensified. 'What's different now?' asked Leigh Watson Healy, chief analyst at market research firm Outsell. 'The pace of technology advancements plus the big data phenomenon lead to a whole new level of machines to perform higher level cognitive tasks.' Translated: the old formula of creating more demanding jobs that need advanced training may no longer hold true. The number of people needed to oversee the machines, and to create them, is limited. Where do the many whose occupations have become obsolete go?"

39 of 257 comments (clear)

  1. #1 slashdot article submitters by sterlingcrispin · · Score: 5, Informative

    clickbait article is clickbait

    Financial and Sports Reporters
    Online Marketers
    Anesthesiologists, Surgeons, and Diagnosticians
    E-Discovery Lawyers and Law Firm Associates
    Financial Analysts and Advisors

    1. Re:#1 slashdot article submitters by David_Hart · · Score: 4, Insightful

      I agree, PURE click bait...

      How did this get past the editors?

    2. Re:#1 slashdot article submitters by Anonymous Coward · · Score: 5, Funny

      How did this get past the editors?

      They've been replaced by robots already.

    3. Re:#1 slashdot article submitters by davester666 · · Score: 2

      replaced? when were they not robots with eliza-level AI?

      --
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    4. Re:#1 slashdot article submitters by rtb61 · · Score: 2

      https://www.youtube.com/watch?... Sorry couldn't resist but you dog eat dog ideas of economics just beg for that response.

      Employment has largely gone into minimum wage service industries because a bunch of douche wankers want to order people about, you know, all those clinical narcissists and psychopaths that everyone would normally be better of ignoring but of course psychopathic and narcissistic mainstream media has pushed out those ideas of somehow being of value in their world of selfishness, greed and poseur status. So the big scream is on eliminating or reducing minimum wage so that ass hats can have as many service types at their beck and call, bowing and scrapping.

      Reality is, a lot of people balk when service industries is the only choice and well eating the rich (and not in the fun way for the rich), becomes far preferable. Watch out for those unemployed white collar types, they are really into plotting and scheming and when they become economically disadvantage, watch them rouse the mob in order to start introducing the rich who made them unemployed and demand their fawning service to https://www.youtube.com/watch?....

      --
      Chaos - everything, everywhere, everywhen
    5. Re:#1 slashdot article submitters by jandersen · · Score: 3, Funny

      Another place where robots might be a good replacement is at the middle management level - one of the big problem with managers is that they so often combine lack of people skills with absence of useful knowledge and inability to empathise, and introducing robots could improve on all three fronts. It certainly couldn't get worse.

    6. Re:#1 slashdot article submitters by tehcyder · · Score: 4, Insightful

      Unemployment is created by government rules, laws, taxes, nothing else.

      Unemployment is a function of capitalism in order to create fear and a willing pool of people prepared to do awful jobs for rubbish pay.

      With no government intervention, corporations would wipe out trade unions and any form of worker protection, and pay even less than they do now, as a near-starvation wage is better than actually starving.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
    7. Re:#1 slashdot article submitters by tehcyder · · Score: 4, Insightful

      With no government intervention, corporations would wipe out trade unions and any form of worker protection, and pay even less than they do now, as a near-starvation wage is better than actually starving.

      The unemployed aren't actually starving right now, and they are free to sit in the park on a sunny day. Sounds better than be kept as slaves inside a factory for 24 hours a day.

      Yes, but the reason that the unemployed aren't starving is precisely because the government pays them something.

      In the libertarian/free market utopia, they would be free to starve to death in the park on a sunny day.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
    8. Re:#1 slashdot article submitters by tmosley · · Score: 2

      I see the Marxists have mod points today. Mod parent up! He is exactly right, and his post is in no way flamebait!

    9. Re:#1 slashdot article submitters by tmosley · · Score: 2

      Actually, they would be free to sit in a sunny park selling food to passerbys, and thereby make money for themselves. In our current system, any attempts to do this without first paying off the state are met with extreme violence.

    10. Re:#1 slashdot article submitters by TapeCutter · · Score: 2

      What a coincidence! I've heard managers say the same thing about their staff.

      Both of you are wrong, keep it up and whatever project/task you're working on will be unpleasant, and at best limp to the finish line. Just about everyone has a manager, a professional in any field will get their manager's respect by learning and solving their manager's problems with minimal fuss. If after 12 months or so, that doesn't work, find a new job/manager. If your manager doesn't have problems it's probably because you're both about to be put out to pasture on the next payroll cycle.

      At 55, I've been on both sides of the managerial fence and I've hired and fired programmers. I rejected the project managers job when my current employer offered it to me 4-5yrs years ago, having "been there before" I decided to keep my more interesting and less stressful role as the resident CVS Nazi. My overall goal has always been to automate my way out of whatever tedious task confronts me, I've been lucky enough to work with several professional managers who ensured I never ran out of tedious, annoying, tasks.

      --
      And did you exchange a walk on part in the war for a lead role in a cage? - Pink Floyd.
    11. Re:#1 slashdot article submitters by olsmeister · · Score: 2

      I agree, way too many regulations. There are a lot of things I could do to make money too, but the damn government regulations are preventing me from really screwing those senile widows out of their retirement savings the way I really would like to.

    12. Re:#1 slashdot article submitters by BarbaraHudson · · Score: 2

      Sure there is - but as we go into the jobless future, working and building up a pension won't be an option for many - and it won't matter how much education they have or how qualified they are.

      Example - something as simple as baby sitting. A robot won't be inattentive, won't lose it and shake the kid when it gets fussy, won't get stoned and put the baby in the oven and the turkey in the crib ... and at a lower cost to boot.

      Once people get used to the concept, they'll insist their kids be watched by bots because it's both safer and cheaper.

      Once almost every job goes this way, what is the difference between the 19-year-old and the 67-year-old? Nothing. Neither one of them could get a job.

      --
      "Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
    13. Re:#1 slashdot article submitters by BarbaraHudson · · Score: 3, Insightful

      As more and more jobs are automated, there will be fewer and fewer jobs available, and more and more people trying to get them.

      Let's just look at ATM machines. They made it possible for people to get cash out at any time, so banks needed fewer tellers. Now what happens when all money goes digital - you pay for stuff using a smart card or smart phone? No more ATM machines. Which means those jobs designing and making them, and those jobs servicing them, and those armored car jobs filling them up with money, disappear.

      And so do the cash registers. No more taking cash payments and giving change to anyone. Smart shopping carts bill everything in your cart as you go through the exit, so no self-serve checkouts with a supervisor for every x machines. So, no cash money, no need to print it or mint coins - those jobs are gone, as are all the jobs transporting and handling money. No more counterfeiting currency. No more need for safes to hold cash overnight in the store. No more nightly bank deposits.

      We're beyond the point where automating jobs creates more opportunities. Once a robot is designed, you don't need more human labor to make 1 or a million. Those million employees at Foxconn who are going to be displaced by robots won't be moving up the food chain.

      Yesterday, Foxconn announced (at an employee dance party of all places) that they're planning on buying some robots to replace their human workforce. And by some robots, they mean one million robots over the next three years. So for every one robot Foxconn currently has working at their manufacturing plants, they're going to buy a hundred more.

      --
      "Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
    14. Re:#1 slashdot article submitters by blue9steel · · Score: 2

      When there are no jobs, provided we can feed everyone, we essentially have communism. The worker becomes the artist and the commodity is culture.

      That could happen, more likely the unemployed will be considered "useless eaters" and every effort will be made to disenfranchise them. Warehousing and/or liquidation will be the preferred outcomes by the elite.

  2. Black Mirror by l0ungeb0y · · Score: 3, Informative

    I think Season 1 Ep 3 of Black Mirror just about nailed the future of the global workforce smack on the head. The rarified elite will control 99.999% of the global wealth while the rest are used as a captive consumer base, forced to watch ads and rewarded in credits for providing energy to help provide "green energy" by toiling on exercise bikes all day and/or by being used as entertainment in reality tv or porn.

    1. Re:Black Mirror by blue+trane · · Score: 4, Insightful

      Solution: use the technology of money creation to fund a basic income, so people can pursue their happiness, and explore their natural creativity and wonder.

    2. Re:Black Mirror by garyisabusyguy · · Score: 4, Interesting

      Yes. but I think that the people using exercise bikes to generate power is just a placeholder for 'something else' that the author hasn't quite figured out yet (kinda like the human batteries from The Matrix)

      I tend to look to the past for what we will find in the future and this immediately brought to mind 'A Modest Proposal' with its suggestion for the proper use of 'excess human population'. Just to save you from doing any research, it is the same that was found in Soylent Green (but much better written, Johnathan Swift possessed wit)

      Of course, Spock's Brain comes to mind as our robotic overlords become to advanced to be bothered with tending to the 'plumbing' and outsource the more mundane work to our feeble human brains

      The expositions of the future used to envision a world where automation resulted in a life of ease for us mere humans, this could still be the case if the concentration of wealth to the upper echelons can be avoided

      --
      Wherever You Go, There You Are
    3. Re:Black Mirror by ceview · · Score: 2

      but what if the basic income allows people to generate things? those people are not necessarily idle. The idea of a basic income is that they don't have to 'worry' about income. So they can go and focus on doing something they enjoy like create art, make an app, write a book etc, that they can potentially sell and supplement their basic income. You could receive a basic income and still get paid to get contract work from time to time for example. Most people want to be creative or engage in society in some way, even if it just contributing to the social spaces they operate within.

    4. Re:Black Mirror by JanneM · · Score: 5, Insightful

      Automation changes the source of production from workers to machines. And that separates the source of production from the source of consumption.

      To put it simply, robots produce wealth but does not consume it. Humans consume wealth, but (in this possible future) can no longer produce it. Robots have owners of course, but even if you ignore what happens to the majority of people, a few extremely wealthy people can not possibly make up for the consumption shortfall. Ten-thousand people with 10k each vastly outconsume (by necessity) a single person worth 100M.

      So, if the entities making wealth and those using wealth become separate, you need a way to transfer wealth from one to the other. If not, you will see a slow-moving economic collapse, as lack of demand and cost-cutting automation drive each other down.

      A basic income, generated from a tax on production (transaction tax, energy tax, direct tax on machinery) is one way, and has the benefit of being simple, straightforward and having low administrative overhead.

      --
      Trust the Computer. The Computer is your friend.
    5. Re:Black Mirror by itzly · · Score: 3, Insightful

      Robots have owners of course

      And the owners take everything the robots produce. People who don't own robots can just go fuck themselves. How's that ?

    6. Re:Black Mirror by tehcyder · · Score: 3, Insightful

      Yes. but I think that the people using exercise bikes to generate power is just a placeholder for 'something else' that the author hasn't quite figured out yet

      Killing the humans and burning their bodies is more energy efficient.

      But at some point people will notice that their friends and neighbours are being burnt. The point is that you have to pacify the majority or else they turn on those in power.

      In Brave New World, the proles had drugs and sex to keep them happy: it's a much better prediction of the future than 1984 in many ways.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
    7. Re:Black Mirror by Totenglocke · · Score: 3, Insightful

      Just because you might do something mildly productive with your time if you didn't have to work for a living does not mean that the majority would. Hell, look at the countless millions who bitch about their circumstances, yet do nothing with their spare time that would improve them (learning new skills, taking a class, volunteering in a position that would help them improve their circumstances, etc). For every person who wrote a useful app / book, you'd have at least 100 just sitting around drinking beer and watching football.

      --
      "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." ~Thomas Jefferson
    8. Re:Black Mirror by roman_mir · · Score: 2

      spend their time creating, gardening, helping their neighbors, decorating things,

      - yeah, that's what I call idle population. Creating new forms of porn and that's about it.

      and eventually building businesses or small trading operations

      - oh yeah, sure, subsidized by the 'basic income' for no reason whatsoever just because they graced us with their presence on this planet.

      A person's worth is in what the person does, a person that lives off of others is not worth anything, he or she is a net drain on the system, not a net benefit. Thinking that a significant number of people with that mentality will amount to anything at all if they are not prodded by the cold reality of having to survive on this planet but believing they are owed something by others, who have something, that doesn't make creative and entrepreneurial people at all, but it will create a class of people for who it will never be enough. They will believe that if they procreate and create more mouths to feed for the system now, that the system has to expand its own production for their sake and feed them all and probably do even more than just feed them, because 'dignity'.

      Dignity does NOT come from forced coercive threat of violence and income redistribution based on that violence. We have conclusively proven that in the former USSR (and North Korea and more).

  3. Not so fast by Tony+Isaac · · Score: 4, Insightful

    Financial and sports reporters - the examples are the types of stores that are full of facts and figures, and are better done by computers anyway. It's kind of like bemoaning computers taking away the human job of compiling telephone directories (remember those?). Not a lot of human touch needed there.

    Online marketers - Really? Creating email subject lines? And I've stumbled onto those sites. They are only effective because they make it hard to click on anything OTHER than an ad. Not exactly stealing a desirable human job there.

    E-discovery - i.e., Google for lawyers. And Wikipedia says they have 53K employees. Wait, I thought we were eliminating human jobs!

    Financial advisers - good riddance. Most of them are just trying to get you to go for the investment with the highest commission, not the best for you. Computers will follow suit, but whatever.

    Here's one they missed: radio DJs. You've heard these stations that are totally automated. No human touch, dry as a bone. The ones you want to listen to are still emceed by humans.

  4. Garbage by Karmashock · · Score: 3, Insightful

    1. High volume data reporting such as sports and fiance where people are just looking for numbers. I mean... who cares? These are things that previously were often just charts. And really, which would you rather read? A chart that gives you the numbers of some natural language engine that turns the numbers into a bogus article? Give me the chart any day. And that never took much labor.

    2. Scanning emails to to do targeted advertising. How is this a job anyone got taken away from them? For one thing, if something is going to read my emails, I'd prefer it be a robot rather then a human being. And beyond that, this is a job that wouldn't even exist without robots. After all, who is going to pay someone to go through all those emails to look for key words and then match those key words to targeted advertising? Dumb.

    3. I'm not terribly worried about a supped up version of WebMD. But if that system can actually do that job... then that is amazing and a blessing. Look at all the people struggling with paying for medical bills. National budgets are getting strained with the expense. And then so many communities don't have first class hospitals to get access to such people even if they can pay/they're subsidized. This technology if it works will save lives and lower medical costs which is something we sorely need. The first two things listed were bullshit and the third if viable is fucking amazing.

    4. Discovery in law suits is possibly the most boring thing anyone in law can ever be assigned to do. Whenever this happens they always put the most junior interns they can get their hands on to do it. It is a bullshit job that no one wants to do and a horrible waste of a law degree. Also... this could make court costs more reasonable... which is also good.

    5. The problem with human financial analysts is that they get emotional. They get scared or they get greedy or they get lazy or they drawn into some fad. What is more, they're expensive again if you want a good one and that's just out of reach of most people. AI financial assistants will have their own problems. But something is better then nothing.

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  5. Re:That was a ROBOT??!? by 93+Escort+Wagon · · Score: 5, Funny

    He IS a defender robot. He is here to protect you. Grandma is protected at the bottom of the stairs.

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    #DeleteChrome
  6. Re:No increase by fustakrakich · · Score: 4, Insightful

    In the 50s it was container shipping that caused all the fuss that made the papers.

    --
    “He’s not deformed, he’s just drunk!”
  7. The fix by sjames · · Score: 2

    Create automation that replaces politicians, CEOs, and economists and watch the fixes fly!

    We just need a set of context sensitive executive decision makers (deluxe model uses an actual radiation source for random numbers.). They can have options like 'steal from social programs', 'tax the poor', 'Give banks a handout', 'blame the other party', etc. CEO versions can include 'give employees food stamp applications', 'layoff', 'plunder the pension fund', etc.

  8. First role taken over by sonamchauhan · · Score: 2

    Google "define computer"

    Answer: "[...] a person who makes calculations, especially with a calculating machine."

    That role was the first to go - the others are just side-effects.

  9. Re:Decrease in private sector jobs? by khallow · · Score: 2

    There are huge problems in the world that desperately need solving. But most of the people who need those problems solved are too poor to pay for a solution. And most of the solutions depend on a major increase in knowledge (e.g. scientific research) which is very cumbersome to fund via a free market.

    There's a huge class of huge problems that have known solutions, but neither the will or competence to implement them. It's also not a matter of wealth since developed world societies have nailed down a lot of problems despite starting at deeper levels of poverty.

    it's not clear that's any better than just having the government fund the work directly.

    Sure, it is. Government is absolutely shit at figuring out what is good research. One thing we need to remember here is that there used to be a huge, privately funded science powerhouse in the developed world. That got scrapped because it was easier and more profitable to siphon public funds than to do work that had actual risk to it.

    In one possible future, it would be easy to find meaningful work solving the world's big problems but most jobs would be in the public sector - and taxes, on the rich at least, would be very high.

    Not really. Welcome to the world of perverse incentives. Your bureaucracy goes away, if you actually solve the problem your bureaucracy was set up to solve.

    In another possible future, the big problems wouldn't get solved and most people would be reduced to performing frivolous little chores for a small number of extremely powerful rich families in order to avoid starvation - but rich families would live out fabulous lives of idle luxury.

    I think this is the actual future your ideas steer us towards. But fortunately, I have another solution. How about we just get out of the way of the people trying to work and the people trying to hire?

  10. No More Blacksmiths, CRT Repairmen, John Henrys by retroworks · · Score: 2

    What never fails to concern people is that 100 years ago, 80% of humans worked in agriculture and earned $5k per year, and today we are replacing jobs that pay $100K per year at X rate with technology (or imports etc.)... Can we deduce from those two facts that the future is in jeopardy? "Poverty used to be in decline, but now wealth is in decline!" That's the argumentum in terrorem or "doom and gloom" fallacy.

    The people quoted in TFA are having trouble speculating what the new jobs will be. Recall the hysteria in the 1970s and 80s about the number of USA jobs moving to Japan, or the 90s-2000s jobs moving to China. 80,000 jobs doing X were lost was a constant headline over 4-5 decades. Yet my state has

    If the 80,000 jobs lost to Y during X period was an accurate predictor of concern we'd have reached 90% unemployment a decade ago. Technology both replaces and creates jobs, like App Developer or 3D computer animation artist, or smartphone assembler, that no one imagined. True, most of the new jobs being created today are being created in emerging markets, but as China develops more cell phone assembly jobs, USA sells China more Buicks.

    If someone with a time machine had gone back to meet me 30 years ago and shown me film of me using a cell phone to browse the internet and speak to my kid in Europe, and told me the technology cost me $30K per year, I'd have believed that. And today that "imagined value" means I'm living like a person making $29k more than I actually am.

    The BLS has not been the greatest predictor of which jobs will be in demand, but has predicted employment markets in aggregate pretty well. "The U.S. Bureau of Labor Statistics (BLS) predicted a 15% increase in the employment for all animal care and service workers between 2012 and 2022; however, employment of zookeepers was predicted to grow more slowly than other positions (www.bls.gov)." http://www.bls.gov/ooh/fastest...

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    Gently reply
  11. Where the economic system breaks down by russbutton · · Score: 2
    Our economic system and extensive robotic automation of production are inherently incompatible. Machines can replace labor, but if humans aren't working, then they have no jobs and no money to spend, and then you have nobody for you to sell your goods and services to.

    Back in the 1960's, there was a TV show called "The 21st Century", which was narrated by Walter Cronkite. He kept going on about how much more leisure time people would have in the 21st century. What the futurists of the day forgot to consider was that if you put everyone out of a job, nobody is going to have money to spend, and thus there would be no market to sell to.

  12. Re:If there are no jobs then war, duh by stud9920 · · Score: 2

    If there is money to let ISIS exists, there is money to let them live without being terrorist.

    Do you really think we could afford WWI or WWII ? This doesn't mean they didn't happen. War is the number one justification for spending money countries don't have.

  13. This just in.. by Marc+D+Hall · · Score: 2

    ...the industrial revolution!

  14. Re:What's different now?... by Sique · · Score: 3, Insightful
    It's not the lack of imagination. Far from it.

    When the buggy whip makers went out of business, the car industry was already in full swing. They were already outputting enough cars to replace the buggies. The buggy whip makers could actually see the workers working to make them obsolete. At this time, it was wellknown how many jobs the automobile industry was creating. And it was wellknown that the new automobile not only replaced the horse carriage, it actually made it better, allowing for more trips, for more load hauled, for higher speed. The car helped to make the whole transportation business to grow more productive, and not just a few percent, it was a multitude of improvement. The demand for transportation at the same time was also growing because transportation got so much cheaper that goods or persons which would never have been transported so far and so often before, now could. Replacing the buggy with the car as the means of transport actually increased the transporting market.

    Buggy whip makers didn't need to imagine the new jobs. They knew what the new jobs were, as they could see their neigbours already having them.

    But if you just replace a worker by a machine, there is not necessarily a new job opening waiting. The manufacturer of the machine already has the people to make the machine, as he was able to built it. And it's not as if his business has to be growing, as the market for his worker-replacement-machines is limited to the number of workers his machines can replace. It happens that not only the worker who is replaced by the machine is out of the job, also the people installing the machine are also out of a job, because their job is now finished. And maintaining the machine surely will require either less man-power or less qualified man-power than the man-power it is replacing. Otherwise there would be no point in actually replacing them.

    Automatisation of jobs in general does not create new jobs. It just frees up human labor. If that allows for huge gains in productivity (and we are talking huge gains. The mechanical loom improved the productivity tenfold, and so did the spinning machine), there might be new markets and thus there might be new demand, creating new jobs. But just replacing the human by a machine does not. Having cheaper sport news does not increase the market for sport news. The replacement of the financial advisor by a computer does not increase the demand for financial advise, because the requestor does not get a tenfold improvement on his ROI. As a maximum, he saves the few percents the human financial advisor got as his premium. The same is valid for legal expertise. People will not want to have more need for legal advise just because it is cheaper. Most people prefer not to be involved in legal quagmires at all. Compare that with the demand for cars! People love to buy cars. Or at least, they used to love it. But the demand for new cars is already shrinking at least in some parts of the world. Young people in Europe list the desire to own a car quite low in their priorities already. A similar trend can be seen in the U.S.. And which new job is replacing the car manufacturer's job? Simply none. Completely different than it was when the welder's job at a car factory replaced the buggy whip maker.

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    .sig: Sique *sigh*
  15. Reform IP by monkeyxpress · · Score: 4, Interesting

    I used to agree with you on the basic income, but now I'm not so sure. The mistake a lot of socialists tend to make is assuming that humans will go do some thing useful with their time if they have no need to work to survive. I think this is not a valid general assumption, and if it isn't then socialism eats itself (interestingly in the same way capitalism eats itself due to greed), not due to an inability to supply the needs of the population, but due to social breakdown. These days I'm starting to think the best solution is to democratise knowledge on a grand scale. In the end the real driver of growth is not a guy who knows how to make houses but only accepts a limited few 'apprentices' into the guild that produces them. It is when the knowledge required to make houses is distributed to everyone. It is bizarre to me that while our technology economy is based on the body of knowledge put together over centuries by others that we use for free, it has now become almost dominated by this notion that if I come up with an idea nobody else in the entire world should be able to use it but me for the next twenty years. I remember reading about how Jonny Ives felt Samsung had stolen time he could have spent with his family by infringing Apple patents. I just find this level of arrogance amazing. Sure, say they 'stole' billions of dollars from you and moan about that, but trying to elevate your ability to make rounded rectangles into some kind of Herculean sacrifice that can never be sufficiently rewarded, even with $100million in your bank account, just shows the problems our economy is going to face as technology becomes more important and those who own the rights to it become more intoxicated with their own egos. The heart of the equality argument in the face of automation is the ownership of knowledge. That is where we need to be looking for solutions.

  16. technology has always destroyed jobs by 140Mandak262Jamuna · · Score: 2
    Technology has been decimating jobs since the industrial revolution. But all the jobs destroyed were in India and China. They had 25% of the world GDP before industrialization. They had even higher fraction before the age of exploration distributed cash crops (sugarcane, tea, coffee, breadfruit, cotton) around the world. So for centuries all the philosophers, economists and sociologists did not even understand the full impact of the industrialization. Mostly they saw it as political issues, colonialism, anti-colonialism, etc etc.

    Read the The Rational Optimist by Matt Ridley to get an idea of the doom and gloom being predicted for centuries. Matt takes the view all these gloom predictors were wrong and the industrialization is an unadulterated success for humanity. He seems to think humanity consists of Europe and USA. This review sums it up nicely

    The job destruction is also accompanied with wealth transfers and power transfers. Finally the job destruction finally lapped up the shores of Europe and USA by 1980s. Slowly middle class of America is waking up to what has been done to them. Their jobs are gone. The "wealth" they have as home equity is a fickle fictional paper gain. Their pensions are gone. Their investments in 401K funds is being used to transfer more power to the top 0.5% of the rich.

    Typically very smart and hard working people end up in the top 2% by income and usually end up in the band 98th percentile and 99.5percentile. (To reach the top 0.5% you must have inherited wealth or take huge risks and be lucky). The wealth transfers from third world to industrialized nations had run its course, wealth transfer from the bottom 80% to top 20% has run its course. Till then these guys were very happy and egging it along. Now there is no real wealth left below 90%. The momentum of the economic policies set in motion by them is taking money from the 90 to 98 band and moving it to the top 0.5%.

    If you finish college and get in to the 99% cut off entry level salary and stay exactly at the 99% cut off all through your career, it is not enough to get you into the top 1% by wealth (5 million according to IRS and 8 million according to the feds). Till about 2000s, top doctors, lawyers, accountants routinely made it to the top 1% without inheritance. Not any longer. Citation provided

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    sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
  17. Re:Slashdotters in denial by danbert8 · · Score: 4, Funny

    Apparently the first time they didn't do a very good job of replacing the teachers...

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