Automation = Unemployment

Thursday, May 07, 2015 Francisco Carneiro 0 Comments

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From FT, 


The cuts are equivalent to slightly more than 1 per cent of its global workforce and come on top of some 7,800 administrative redundancies announced in February.

From Bloomberg,

Zynga Inc. founder Mark Pincus is cutting 18 percent of the casual-games company’s work force, less than a month after retaking the reins as chief executive officer.
The firings, amounting to 364 jobs, are part of a cost-reduction plan that will save $100 million annually, the company said Wednesday in a statement.


In many cases, jobs that used to be done by people are going to be able to be done through automation. I don't have an answer to that. That's one of the more perplexing problems of society.


In many cases the biggest cost a company has is Labor. So if you want to cut costs you have to cut labor. Automation is a way to do it. I expect more and more people become without job. 

what will people do?

Some people will do R&D. Study for life. They will be well paid. They will program the computers, they will invent the Future..
Lot's of people will have cheap jobs serving tables, cleaning, driving, delivering, babysitting, etc...
The rest will engage in sports and other activities to spend their time, some will be depressed of course. 
many will figure out that they paid for an education that is worthless


The government will pay people to survive. That is the big trend.

With this scenario it's obvious that the owners of the companies and the r&D  workers that i mentioned before will make almost all the money. The rest will survive.

The left parties will win more & more. Their policies will not work of course.

I forgot, the sport Stars like CR7 and Leo Messi will make more & more money. Idle people will pay a lot to spend their time watching their stars.

How many lumbers can this machine replace? more than 100 !