Rise of the robots

[Sardo_Numpsa]

This is not about Arnie.

Have you guys given any though to the technological displacement of labour question?

We are seeing massive advances in technology at the moment with robotics and artificial intelligence about to really take off, which could see in a few decades (or sooner) those of us who rely on selling our labour in order to earn a living with a very small market for our labour with a lot of competition.

For years mainstream economists have claimed that every time technology has threatened to replace workers, they have been absorbed into other industries but the rate of innovation is about to go parabolic and all industries are being affected.

I have a ton of articles on this subject saved in Evernote, but here is a small sample:

http://krugman.blogs.nytimes.com/2012/12...he-robots/
http://singularityhub.com/2009/12/15/mar...-collapse/

I would imagine if the government did not take steps to implement some kind of redistribution from the owners of aforementioned technology to the property-less and work-less, a revolution would soon follow which will cause problems of it's own.

I am not a fan of Marx by the way but he seems to have been on the money with this one.

Any thoughts?

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If you really interested in the subject and have some time on your hands there is this:

http://www.oxfordmartin.ox.ac.uk/downloa...oyment.pdf