If all this is true, how come the economy has been in a rut for the past 8 years limping along at 1-2% GDP? How come we have a record number on food stamps or have the lowest labor participation rate in 40 years? Where are the so called 12 million jobs created? How about that bogus 5% unemployment rate when record disability claims have been in evidence and people give up looking for jobs that don’t exist.
Woah Conor, the party hasn’t started and you want to blow out the candles on the cake :-) Massive disruption is right on us. Uber/Lyft are just announcing their monthly passes offerings so of course car ownership at present hasn’t changed – but it will change shortly. Massive automation this moment is starting to take hold: In May Foxconn’s direct replacement of 60,000 workers with robots, Otto just shipped 50,000 cans of beer via autonomous trucking. The largest companies have all release plans for massive automation (Walmart, Amazon has already embraced/pioneered warehouse automation). 77% of all jobs performed by humans in China will be automated shortly. Trucking/Driving jobs will be displaced within 5-10 years. AI/Deep Learning is getting really good (IBM’s Watson cancer analysis is proven better than trained specialists). Put it this way, please write a follow-up to this article in 5-10 years for contrast!
If all this is true, how come the economy has been in a rut for the past 8 years limping along at 1-2% GDP? How come we have a record number on food stamps or have the lowest labor participation rate in 40 years? Where are the so called 12 million jobs created? How about that bogus 5% unemployment rate when record disability claims have been in evidence and people give up looking for jobs that don’t exist.
Woah Conor, the party hasn’t started and you want to blow out the candles on the cake :-) Massive disruption is right on us. Uber/Lyft are just announcing their monthly passes offerings so of course car ownership at present hasn’t changed – but it will change shortly. Massive automation this moment is starting to take hold: In May Foxconn’s direct replacement of 60,000 workers with robots, Otto just shipped 50,000 cans of beer via autonomous trucking. The largest companies have all release plans for massive automation (Walmart, Amazon has already embraced/pioneered warehouse automation). 77% of all jobs performed by humans in China will be automated shortly. Trucking/Driving jobs will be displaced within 5-10 years. AI/Deep Learning is getting really good (IBM’s Watson cancer analysis is proven better than trained specialists). Put it this way, please write a follow-up to this article in 5-10 years for contrast!
What do you think China’s unemployment rate will be if 77% of all jobs are done by robots? How long would their economy last?