The Luddites were people who objected to modern equipment that robbed them of their livelihood. But that process of increasing efficiency and reducing labor costs has been a major driver of wealth and opportunity. The industrial revolution destroyed some jobs, but created many more.
But does that always happen? Does automation always result in more opportunity? Or is there an inflection point at which it’s a net negative?
This is a very serious issue for our culture as artificial intelligence and robotics continue to replace more and more jobs. And it’s only going to get worse.
What’s the solution? And who’s thinking about it?
Some people recommend Universal Basic Income, but does that really work?
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