“Eerily lifelike androids join staff at Tokyo tech museum.” Journalists reporting the end of journalism as a profession, “Watch out, coders — a robot may take your job, too.” The problem is structural on three levels, and just beginning.First there is the shift of rewards from labor to capital (those who own the machine), as we see in the workers’ falling share of GDP, and the rise in corporate profits as a percent of GDP.Consider even doctors: The New York Times warns: “Health care jobs may be safe now, but our sense of what’s safe has been consistently belied by the impact of our technological progress.” Valley legend Vinod Khosla has been arguing for years that expert systems can replace 80% of what doctors do …but at the same time, tech could greatly expand the remit of the best.It’s not hard to imagine — whisper it — even software engineering moving into Extremistan.Already, everyone wants the so-called “A-players,” but has only lukewarm interest in second-tier software talent, much less the third tier.Summary: When I first warned about the “robot revolution” (the 3rd industrial revolution) 3 years ago, I was one of a minority.
” But of course entrepreneurs have always lived in Extremistan … Everyone who calls for a future of greater entrepreneurship is implicitly calling for us to move ever deeper into Extremistan. " data-medium-file="https://i2com/fabiusmaximus.com/wp-content/uploads/2012/12/20121210-marx-poster.jpg? fit=225,300&ssl=1" data-large-file="https://i2com/fabiusmaximus.com/wp-content/uploads/2012/12/20121210-marx-poster.jpg? fit=500,667&ssl=1" class="alignright size-medium wp-image-46711" src="https://i2com/fabiusmaximus.com/wp-content/uploads/2012/12/20121210-marx-poster.jpg? Increasing the number of jobs, such as supermarket checkers, that do not have a scarce skill requirement will not solve the problem.People tend to underestimate short-term change, and over estimate it over the long term.But now people are noticing the drumbeat of announcements, as automation affects more jobs of all kinds. the problem is ex husbands are already being bled white. Each time my buddies told me, i was once again led astray by a woman. You would expect that the pro divorce lobby (nearly everyone) would be cheering... TIME i could have taken corrective action, i was lied to.