Anon Archived Economists May Be Underestimating How Fast the Robots Are Coming (bloomberg.com)
submitted ago by 1687571?
Posted by: 1687571?
Posting time: 3.8 years ago on
Last edit time: never edited.
Archived on: 5/31/2017 10:00:00 AM
Views: 606
SCP: 28
28 upvotes, 0 downvotes (100% upvoted it)
Anon Archived Economists May Be Underestimating How Fast the Robots Are Coming (bloomberg.com)
submitted ago by 1687571?
view the rest of the comments →
[–] AmaleksHairyAss 0 points 4 points 4 points (+4|-0) ago
In my opinion it's up to Trump. If he can prevent a recession in the next few months (and that would be a miracle) the US economy really will have tight employment numbers and rising wages. In that case there will be considerable incentive to automate this year. In the more likely case there's a fairly large recession in 2017 that automation will be put off to later 2018 to mid 2019. In either case we can count on the low-hanging fruit to be eliminated. That means warehouse bots, self-driving delivery trucks (with a human for the last 30 feet) self-driving big rigs (with a human on board for now) and more automated mines.
And on that last one I don't know WHAT Trump thinks he's doing promising coal mining jobs. Those jobs are gone forever.
[–] 8267421? [S] 0 points 4 points 4 points (+4|-0) ago
If robots and AI are economically advantageous, they will take the jobs, whether it's in the USA, Europe, Asia, or wherever. It's not something we can stop. The race towards efficiency is inevitable, and it will create gross inequalities never seen before. I don't know what the solution will be, but there's no stopping progress.
[–] level_101 0 points 1 point 1 point (+1|-0) ago (edited ago)
I work in automation. Nailed this right on the head.
What is not being understood is that when one person can develop automation to replace 4 people... All of those people will be employed until the automation is complete. After that point. Those positions will never come back again.
It is cheaper to employ someone who can automate your processes at 300% market value WHILE employing the existing workforce.. If you know that you can fire 1/4th of the rest of the workforce in less than a year. (Yeah, its that fast).
Automation is amazing and it is the future (and always has been). It is still going to really F-Up the world economy.
As such. I highly suggest learning how to automate any process that is part of your current work life. It will potentially lead to a future in automation. Better be the ones building the bots, than the ones replaced by them ^^tm.....
[–] TotallyNotAFed 1 point 1 point 2 points (+2|-1) ago
Best I can see, universal basic income. Until anybody gives me a better solution, that's what I'm going with.
[–] [deleted] 0 points 1 point 1 point (+1|-0) ago
[–] Blessthemaker 0 points 2 points 2 points (+2|-0) ago
The president doesn't control the economy dummy
[–] MaFishTacosDaBombBro 0 points 1 point 1 point (+1|-0) ago
Why do you think the coal jobs are lost forever? I'm asking because there's coal mines near to me, and folks on the radio are hopeful that Trump will ease regulations to start mining things again.
[–] rwbj 0 points 6 points 6 points (+6|-0) ago
There's a big reason we moved to natural gas. It has nothing to do with environmental policy, regulations, or pretty much anything. It's price, plain and simple. And solar power is already becoming price competitive against natural gas and the price continues to precipitously drop.
And keep in mind that coal and oil are both heavily subsidized. If Trump kills off all energy subsidies solar would be even more price competitive. However, I think since he certainly won't touch the oil subsidies he's probably not going to touch any energy subsidy to avoid overt hypocrisy about his 'government shouldn't pick winners and losers.' Of course not touching those subsidies is still doing the same thing, but that's a rant for another time!
[–] AmaleksHairyAss 0 points 2 points 2 points (+2|-0) ago
At this point it's much less expensive to use automated trucks and shovels for most coal mining. We could double coal output and only add 10% more jobs. Just as important, the world is moving to solar power over the next five to ten years.