Rise of the Robots: Technology and the Threat of a Jobless Future
Many American adults remember from our childhood the cartoon series “The Jetsons” which imagines a future where machines do all the work, and people just get to play and relax. But as Silicon Valley futurist Martin Ford points out in his new book “Rise of the Robots”, even in such a high-tech future, people will still have to eat and therefore buy food. How will they do that if there are no jobs left for people to do? This book is about how the technology revolution has eliminated, and continues to eliminate American jobs, and how that process is constantly accelerating. Automation, fast computers, robotics, and especially big data and artificial intelligence are all interacting to rapidly reduce or eliminate whole categories of American jobs. We can all think of blue collar jobs which have been automated and reduced in numbers if not totally eliminated. But the author tells us that the rapid advance of technology is not only threatening but eliminating all kinds of high-skill jobs, too. How many analysts does Wall Street need …