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re: Is there an industry that will still be profitable in 100 years?
Posted on 11/17/17 at 8:34 am to Errerrerrwere
Posted on 11/17/17 at 8:34 am to Errerrerrwere
quote:
Is there an industry that will still be profitable in 100 years?
The next 20-50 years are going to both be rough and magical. So many of us are going to be displaced by technology in such a short span of time that it may take a generation or 2 to figure out how to work with our robot overlords in the new economy. However, the notion that industries won't be profitable is wrong. The economic output will be higher than ever and innovation will continue faster than ever, it just will no longer require nearly as much human labor as an input. Companies will be wildly profitable and so will owning stock.
What won't be very profitable is being a human. I just don't see how we can avoid some sort of Universal Basic Income and serious wealth redistribution until we figure out where humans fit in the new economy. Like I said, that could actually take a generation or 2 because the answer to how we fit might be by merging with the tech and the older people will be against that just like my parents don't like using an ATM.
Posted on 11/17/17 at 8:55 am to TigerinATL
quote:
The next 20-50 years are going to both be rough and magical. So many of us are going to be displaced by technology in such a short span of time that it may take a generation or 2 to figure out how to work with our robot overlords in the new economy. However, the notion that industries won't be profitable is wrong. The economic output will be higher than ever and innovation will continue faster than ever, it just will no longer require nearly as much human labor as an input. Companies will be wildly profitable and so will owning stock.
What won't be very profitable is being a human. I just don't see how we can avoid some sort of Universal Basic Income and serious wealth redistribution until we figure out where humans fit in the new economy. Like I said, that could actually take a generation or 2 because the answer to how we fit might be by merging with the tech and the older people will be against that just like my parents don't like using an ATM.
Human beings have adapted to numerous global shifts in terms of technology and economic systems. While it may be terrifying I am sure the coming "Age of Automation" will disrupt but not destroy our common existence.
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