The White House has a report on the anticipated impact in job losses due to autonomous trucking, etc. Although we have not seen much of a reaction to it, the report confirms the sense of immediacy also felt here at the Rockhouse. The first link is to RedOrbit's summary of the report and the second is the full report at forty-five pages or so.
RedOrbit: Driverless trucks threaten millions of jobs, and we aren’t ready
Executive Office of the President: Artificial Intelligence, Automation, and the Economy
About one year ago, CEA released a report that said there is a greater than an 80-percent chance that automation will take the place of American employees making less than $20 an hour. The report also said there is 30-percent chance automation will take the place of employees making between $20 and $40 an hour. People making greater than $40 an hour aren't expected to be replaced by automation anytime soon, according to the CEA.
- RO
As emphasized previously, the more mechanical the job, the more immediate its candidacy for replacement by robo workers. Eighty percent of the $20-or-less workers is an astonishing number of people and the reason for concern is their displacement by the robos is not something other businesses can likely absorb.
Therefore, enter the litany for the Guaranteed Universal Income.
The larger White House report suggests the possibility for retraining since a university education insulates most from replacement. That's likely possible for some of that eighty percent but it doesn't seem realistic for all of it.
The White House report is just as thick as you may expect an executive report to get but there's major content in it. RedOrbit reduced it too much with a focus mostly on the impact to trucking. That's likely to be substantial but it's not the entirety of the report and it's worth slugging through it so you can do your own reduction.
There's all manner of talk of saving jobs just now but likely the best deal you can get is preventing any further migration of jobs to other countries. Trump had a showdown with Ford regarding a factory in Mexico and Ford backed down due to threats of tax penalties. Unlike with Carrier, there does not appear to have been any government giveaway involved. The same play is in-motion with Toyota since Trump is again threatening tax penalties.
While we like keeping those jobs on the home front and appreciate him doing that, the effort doesn't go half far enough since it doesn't take into consideration job losses due to robos.
Ed: this will kill many, many union jobs and will bust them more than the GOP ever could.
That's a fact, it will. Therefore, it's incumbent on us to find a solution which handles that situation since simple economics will drive robotization because it's less expensive. Should America choose to try to prevent the robotization in the workplace, it will only drive the work overseas again only this time the workers won't be replaced by foreign workers but foreign robots.
Here at the Rockhouse, we believe the Guaranteed Universal Income is inevitable and it means throwing out Unemployment Insurance, Welfare of any kind, etc and replaces all that bureaucracy because it becomes superfluous when such a Universal Income exists.
RedOrbit: Driverless trucks threaten millions of jobs, and we aren’t ready
Executive Office of the President: Artificial Intelligence, Automation, and the Economy
About one year ago, CEA released a report that said there is a greater than an 80-percent chance that automation will take the place of American employees making less than $20 an hour. The report also said there is 30-percent chance automation will take the place of employees making between $20 and $40 an hour. People making greater than $40 an hour aren't expected to be replaced by automation anytime soon, according to the CEA.
- RO
As emphasized previously, the more mechanical the job, the more immediate its candidacy for replacement by robo workers. Eighty percent of the $20-or-less workers is an astonishing number of people and the reason for concern is their displacement by the robos is not something other businesses can likely absorb.
Therefore, enter the litany for the Guaranteed Universal Income.
The larger White House report suggests the possibility for retraining since a university education insulates most from replacement. That's likely possible for some of that eighty percent but it doesn't seem realistic for all of it.
The White House report is just as thick as you may expect an executive report to get but there's major content in it. RedOrbit reduced it too much with a focus mostly on the impact to trucking. That's likely to be substantial but it's not the entirety of the report and it's worth slugging through it so you can do your own reduction.
There's all manner of talk of saving jobs just now but likely the best deal you can get is preventing any further migration of jobs to other countries. Trump had a showdown with Ford regarding a factory in Mexico and Ford backed down due to threats of tax penalties. Unlike with Carrier, there does not appear to have been any government giveaway involved. The same play is in-motion with Toyota since Trump is again threatening tax penalties.
While we like keeping those jobs on the home front and appreciate him doing that, the effort doesn't go half far enough since it doesn't take into consideration job losses due to robos.
Ed: this will kill many, many union jobs and will bust them more than the GOP ever could.
That's a fact, it will. Therefore, it's incumbent on us to find a solution which handles that situation since simple economics will drive robotization because it's less expensive. Should America choose to try to prevent the robotization in the workplace, it will only drive the work overseas again only this time the workers won't be replaced by foreign workers but foreign robots.
Here at the Rockhouse, we believe the Guaranteed Universal Income is inevitable and it means throwing out Unemployment Insurance, Welfare of any kind, etc and replaces all that bureaucracy because it becomes superfluous when such a Universal Income exists.
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