The Truth About Automation -- Will Robots Take Our Jobs ? https://youtu.be/7dw4jIWmNWY

The Truth About Automation -- Will Robots Take Our Jobs ? https://youtu.be/7dw4jIWmNWY One argument against the idea of technological unemployment, offered by many people who today sincerely style themselves as leading defenders of the free market, goes that automation will create more jobs than it destroys but due to the nature of the market, the nature of those jobs is, if not fundamentally unknowable, functionally indescribable for the purposes of the argument over automation. How could a person a hundred years ago, the reasoning goes, predict the existence of jobs like “app developer,” “nuclear engineer,” or “diversity and inclusion consultant”? The jobs of the future will be just as foreign to us as our jobs would be to those of the past, and we do not lament the world’s present paucity of candlestick makers and buggy whip manufacturers. While these people are more correct than their opponents, It must be acknowledged that this argument for the market is so thoroughly uncompelling that you might think it was originally concocted by its enemies. One may as well say that after automation, we will all get well-paying jobs with vacations, pension, and so forth once we enter the New Jerusalem, or after we achieve full communism. In fact, far from being unknowable, the types of jobs created by automation are highly categorically predictable. Automation in the production of higher-order goods directly creates jobs in producing lower-order goods that require those same higher-order goods as inputs. Automation in the production of consumer goods both increases living standards and makes human laborers more price competitive relative to machines. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more