Quote:
Originally Posted by mhays
It should be obvious that money saved on labor costs can go to other things, which might add jobs.
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The problem is, this isn't going to happen in isolation.
Newer, low-cost manufacturing robots threaten to eliminate essentially all of the remaining jobs in this industry. Amazon and other companies are experimenting with thousands of robots in warehouses. Robots now work in hospitals dispensing and delivering medicine. Self checkout is going beyond grocery stores and into restaurants. Researchers are working on fruit-picking robots which will replace agricultural workers. Robotic systems are even being developed to take over cooking.
This is just considering the hardware side of things as well, not the software side. Internet shopping was in many ways the replacement of many retail jobs with lot of software (and a small amount of software developers) which may be part of why retail employment has been largely stagnant since 2000. Customer service AI continues to get better and better. With many companies, unless you have an unusual issue you never talk to a human being. Stock reports are already written by computer. According to Moore's Law, the processing speed of computers doubles every two years. By 2020, we should have computers with more raw processing power than the human brain, and soon surpass this by many orders of magnitude. Even if real AI isn't possible, the question becomes what cognitive skills won't a computer be able to do as well or better than a human. Graphic designer? Actuary? Lawyer? Engineer?
Sorry, I know this is a bit afield from the original post. But the fact remains that the looming crisis isn't just limited to transportation-related fields. It's across the entire economy. Thus it's not just a matter of figuring out how to shunt a few million workers into more productive fields, because it's unclear in the longer run what fields it will still be productive to be employed within.