Many are worried about the loss of jobs caused by robots and other forms of automatization. New technologies will make certain professions obsolete over time. I think this is a good thing, after all more goods and services will be created while we need to input way less effort. I think the technology is not the threat we are facing, but the current system and our mindset.
Robots will take our jobs…
Good! then we don’t have to do all the work!
With Robots, blockchain and AI, we will produce more with less work
Technological innovation is going exponential and the world is changing fast. Robots will replace a big part of the manual jobs, blockchain will replace trusted 3rd parties and AI will make computers smarter than most of the people. Many of the current jobs will be replaced by computers and robots and many professions will eventually disappear.
As always, free market will take care of a smooth transition
We will go through a transition from being productive ourself to managing devices that produce for us. This is freaking many people out, but I think it is great. It means that we still have the same (actually more) productivity without the need to work a lot.
The reason that it freaks everybody out is that we are so used to the socialist system that we think we are not able to adjust our own life to the new situation. The socialist mindset let us believe that we have the right to make money in the profession we learned and the government is responsible to serve this right to us. Nobody is questioning anymore if it is sustainable.
The majority of the people will apply for social security when their job disappears and feel like they are victim of the automatization. It will never come to their mind that they can search for another job or create something where is demand for in another way. Most of them will not realize that they are victims of the current system and not of the automatization.
Automatization in a socialist society VS free market environment
Here an example what will happen when robots replace all the workers in a certain industry in a socialist society VS a free economy:
Note that the transition in a socialist society will go faster, because minimum wages will keep the salary high, so it is more rewarding to replace workers with a robot. Furthermore, other industries will be sucked in this negative spiral because the tax pressure increases. This also creates the situation that the entire country becomes less competitive to the rest of the world and jobs will also move abroad.
My prediction for the future
I think new innovation will will create more wealth overall. Counties that have a free economy will flourish and socialist counties will suffer. When the transition is done properly we will see a lot of extra wealth being created while the working pressure will decrease. However, the current system is not ready for this and the negative results will probably overshadow.
The challenge
I think the challenge is to make a smooth transitioning whereby as many as possible people can benefit. People should drop their socialist mindset and create a plan B by educating themselves and learning additional skills instead of counting on the government.
Also internationally governments and the banking system should be dismantled. Drones and other machines could greatly increase the global food production, but if governments charge huge import taxes and banks remain to exclude these people from their services they will never be able to do so. Happily Bitcoin can include them in the global financial system, but govs will remain to be a problem.
Invest and educate yourself beside your job
It is important to have a plan B. When your profession is being automated you don’t want to be the last to leave. Try to learn additional skills that enable you to deliver products or services to other people. Another way to ensure your wellbeing is to hedge yourself by investing in the disrupting technologies (own a robot or robotic stocks, when it comes so far that they take over the entire industry, the value will skyrocket). Drop your socialist mentality immediately and take action before you need to, and it will be way easier!
Disclaimer
This is no financial advice, just my view on the market.
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i'd rather be proactive than being reactive, wake up! the world is constantly changing, without change we wont survive.
as you said plan B is must in that situation
i can still remember when hand made carpets were replaced by automated carpet industry
here,some people really suffered while others used that as an opportunity
that is why additional skills are neccessary as you said
Yes as technology advances the lifespan of jobs will decrease. This means that having a plan B becomes more important over time. I think the future for socialists who rely on the government is not very bright, the system probably can't handle it over the long term.
obviously
It's the guy who owns the robot that profits. Not everybody. Same old story.
Yes, that is true, so my message is that everyone should focus on ways to become an owner instead of working till your job disappears. I know this is not easy, some people don't have money to invest, but the opportunities to earn money for anyone in the world are bigger than ever through the internet and Bitcoin (Steemit is an example, but learn about SEO, trading, blogging ect, is also an option, self-education is free online). Since robots soon will be tokenized, you will be able to buy a tiny part and accumulate over time.
Yes, We need to invest and educate ourself beside our job
Lifelong learning is an important thing to stay relevant forever.
Yeah i agree with you. Investing is important and we need to invest and educate ourself beside our job.
I agree with you on the points that you have raised.
I like this point,
"Try to learn additional skills that enable you to deliver products or services to other people. Another way to ensure your well-being is to hedge yourself by investing in the disrupting technologies..'
Even if technology doesn't replace you on your job, the best thing to do in this century and in the century to come is to use knowledge to your advantage. It is important to upgrade your knowledge everyday.
Knowledge gets outdated so fast now that you can't afford to not keep up with the changing world.
Thank you for sharing this, @michiel
Technology benefits us It does not hurt us
It does both.
The wise takes advantage, the foolish is at a disadvantage.
Technology serves you to the point that you are able to manipulate it to your advantage.That's why lifelong learning is very important.
Yes I totally agree with your opinion that robot will help us. We can get enormous benefits from the robots. Thanks for sharing your knowledge.
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Assalamualaikum
Thanks you my post
Good
Technology is now sophisticated and easy to use technology
If you take look at the sales talk about robotics process automation, the idea behind it is first place is to prevent human employees from doing brain killing repetitive task, which could be done by virtual employees (aka robots), freeing time so that the human can perform more creative task.
Great pitch! But we all know that the employers will only invest if the business profits from it!
Education is key in this scenario. Of course, people will (have to) start looking for other jobs with higher wages, but these usually require better education.
This may not seem like a big problem for young people, but it will become one for older people. If you have a family to take care of, quitting your job and putting your existence at risk to improve your education is usually not an option.
Hopefully, this transition will go smooth and governments can come up with a proper solution to not ruin people's lives.
nice post, i feel its time society evolved, and broke out of the same routine thats been slowly breaking more each year. there of course would be questions like maintenance and having something built properly again. which might have jobs lined up again for inspectors to check.
I think the problem is that people believe that robots will eventually replace all jobs and humans with nothing as a source of income. BUT I think AI intelligence will get to the point where they can run a business for us.
This constant growth and change is no stranger to humanity. It's sad because people don't really study history anymore to realize that these changes are good and benefit our society as a whole. Did the industrial revolution kill jobs in this country? Sure but it pushed us forward as a civilization. This upcoming automation movement is no different, and with the right mindset, as you pointed out, we will thrive and succeed as we always do. It just takes a winning mindset.
Yes I totally agree with your opinion that robot will help us...
What we
re afraid of should be not Robot!!! What were afraid of should be not try to learn new skills.Thank you for good posting.
I follow and upvote. I wish we communicate more.
"We will go through a transition from being productive ourself to managing devices that produce for us."
That's true. That's what I'm going to do with my steems.
I don't know why this perspective isn't considered more often but really any job that could be completely replaced by our frankly pretty primitive AI right now more than likely isn't a particularly fulfilling one nor offering of much career advancement. There is an ethical question about forcing people into those jobs with little time and resources to move up as well.
Sure, there may be a problem with how those who lose their jobs will be retrained and reeducated into more sustainable careers, hopefully companies and government step up and provide paid training. The net gain is quite high at the end of the day if this sort of gradual transition period is handled gracefully....I don't harbor any tribulations about the bar being raised so long as there is still opportunity afforded for displaced workers.