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?"
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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.
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