Check out the book "The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future"
free PDF, paperback or kindle at http://www.thelightsinthetunnel.com/
This book offers some good ideas on how our economic system might be reformed to allow less work while still maintaining a market economy that provides an incentive for innovation.
Also see the blog http://econfuture.wordpress.com/
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The Real Job Threat
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Less work requires major changes to the system. In today's economy, most people CANNOT work less and still pay rent and buy food. Workers with part time jobs have to work 2-3 jobs.
Check out the book "The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future"
free PDF, paperback or kindle at http://www.thelightsinthetunnel.com/
This book offers some good ideas on how our economic system might be reformed to allow less work while still maintaining a market economy that provides an incentive for innovation.
Also see the blog http://econfuture.wordpress.com/
That's right. Automation is going to dramatically increase the concentration of income...it's all going to go to a small number at the top.
How long before automation moves into areas like fast food? That's millions of low wage workers. Are they all going to live on the street?
Could Fast Food Automation Replace Low Wage Workers?
http://econfuture.wordpress.com/2011/06/05/could-fast-food-automation-replace-low-wage-workers/
The problem is that then you don't have an income.... We need to make some changes to the system for that to be true.
Any one interested in this topic should also read "The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future"
Free PDF, paperback or kindle at http://www.thelightsinthetunnel.com/
This book is written by a technology guy...not an economist and has I think a more radical (but also more realistic view) of the future and where all this is headed.
Also the author has a blog at http://econfuture.wordpress.com/
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A lot of people would. See "Could Fast Food Automation Replace Low Wage Workers" http://econfuture.wordpress.com/2011/06/05/could-fast-food-automation-replace-low-wage-workers/
Check out the book "The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future" free PDF, paperback or kindle at http://www.thelightsinthetunnel.com/ This book offers some good ideas on how our economic system might be reformed to allow less work while still maintaining a market economy that provides an incentive for innovation. Also see the blog http://econfuture.wordpress.com/
Less work requires major changes to the system. In today's economy, most people CANNOT work less and still pay rent and buy food. Workers with part time jobs have to work 2-3 jobs. Check out the book "The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future" free PDF, paperback or kindle at http://www.thelightsinthetunnel.com/ This book offers some good ideas on how our economic system might be reformed to allow less work while still maintaining a market economy that provides an incentive for innovation. Also see the blog http://econfuture.wordpress.com/
That's right. Automation is going to dramatically increase the concentration of income...it's all going to go to a small number at the top. How long before automation moves into areas like fast food? That's millions of low wage workers. Are they all going to live on the street? Could Fast Food Automation Replace Low Wage Workers? http://econfuture.wordpress.com/2011/06/05/could-fast-food-automation-replace-low-wage-workers/
The problem is that today's machines are taking on cognitive tasks...beginning to think at least in limited ways, and also computers are generally applicable. Check out: "Structural Unemployment: The Economists Don't Get it" http://econfuture.wordpress.com/2010/08/04/structural-unemployment-the-economists-just-dont-get-it/ and a free book about this: "The Lights in the Tunnel" http://www.thelightsinthetunnel.com/
The problem is that then you don't have an income.... We need to make some changes to the system for that to be true. Any one interested in this topic should also read "The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future" Free PDF, paperback or kindle at http://www.thelightsinthetunnel.com/ This book is written by a technology guy...not an economist and has I think a more radical (but also more realistic view) of the future and where all this is headed. Also the author has a blog at http://econfuture.wordpress.com/