Automation again
From FT, Martin WolfIn a remarkable recent lecture, Adair Turner, former chairman of the UK’s financial regulator and chairman of the Institute for New Economic Thinking, addresses just these questions. He started from the assumption that intelligent machines will ultimately be able to perform most forms of current work better than people and at lower cost. This, he argues, is a question of when, not if. It will happen because of the progressive advance of processing power, the costless replicability of software and the rise of machine learning. Robot gods will make us all redundant.
more about the same https://thoughtmeme.blogspot.com/2013/07/robots-dont-need-ipod-touch.html
there is no news here Martin Wolf!
as Lord Turner says it's a question of when not if
the value of a man is less when machines make a job easier . Automatic pilot makes to control a plane much easier a lot of people can do it
what can we do?
tax property and not work
create negative tax rates for lower income (subsidize)
invest in the Robot factory as an edge
if you can program do it
i still think that everything physical non routine (waitering, arts ) it's not going to be automated
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