It seems that more and more people are predicting the end of work as we have known it for the past 100 years. In a recently article in the New York Times experts were warning about the impact of robots are having on the middle-class. In the beginning robots were replacing humans in jobs that were boring and repetitive. Things have changed now as robots become more sophisticated.
Robots are now replacing humans in every industry, and now seem to be eying jobs that once were thought to be beyond their abilities. One should not be surprised. Robotic cars will soon be all the rage. The battle that is occurring between Uber and the taxi industry is simply pointless as robotic cars will replace all of them. In general, those who earn a living behind a wheel will be replaced, according to most experts. It is only a question of time.
Experts predict that jobs such as lawyers or doctors will remain in the domain of humans but that remains to be seen. Perhaps only really creative jobs such as artist who are painters and sculptures will remain. No one is foreseeing robots who paint or sculpt. Too artistic and not very productive.
The real thing that is happening is that for the past 25 years, productivity has increased but jobs have not increased at the same level. Some experts now warn that the old idea that people will find jobs in robotics at the same level that jobs are destroyed by robots is seriously in question. We may have reached the point where the creation of jobs will only decrease in the future, perhaps at a rate unseen in the past. Mcjobs anyone?
Now seems to be the time that we must think about what people will do with all the available free time they will have if robots do all the work. And how will people earn money? Perhaps the old idea of a guaranteed minimum income is an idea whose time has come to consider seriously, or accept that the robot revolution will decrease the purchasing power of consumers to such a degree that the economy will always be in a contracting phase. Not a pleasant perspective for the business industry, nor for governments.