Rise of the robo-agent: Travel Weekly:
We won’t stop this trend my building a wall and trying to bring massive manufacturing back.. Its been leaving for 40 years. Automation is taking job after job. The mortgage broker is partially replaced by Intuit and Rocket Mortgage. If you use their other services, they know your wealth, spending habits and have an algorithm that predicts risk better than humans. Most people say, old jobs go, new jobs arrive.
Read the Jungle if you want to know about the “new jobs” created in the industrial revolution and how the owners abused their positions. There is a continuum of empathy for this condition but if you consider your country your tribe then think what a small village would do to maintain order and peace.
Economists are the worst. They can have a doctrine that does not work for 30 years but they stick to it anyways. The fact you lose a job to a computer, there should be some compensation out of the improved technology via profit sharing, larger severance benefits, training allowances so it doesn’t take $another $50,000 to get trained. If manufacturing comes back. it is not going to be the auto companies paying middle class pay and benefits. It will be robots and the people that run them. Society can decide they will pay taxes to help others or continue to let the benefits of automation and technology accrued to the owners and senior executives. We will struggle with the meaning of work. It is sacred to most of americans. If you aren’t working you are shunned. Everything is being automated and its going faster and faster. We might run into issues with IoTs that slows down advances until the solve sercurity issues. Still, that solution will be automated as well. A few geniuses will solve the problem. You read the economists that say just as many jobs are created as are lost….. That might be but if any body read the Jungle, these new jobs were hell. And this time, affecting half the world at the same time. You lost your job as a mortgage banker. The AI can better analyze much more data to measure risk more efficiently. Now you want to be a blogger or youtuber or whatever and you are competing with much more creative artistic countries and lots of people. So the best and very good will do well but the rest will be door greeters.