Sunday, March 13, 2016

In the Robopocalypse, the Job Mortgages You!

Ever since the first vision of a robot appeared on the horizon of mankind, humans have feared that automation will replace the workforce in our dystopian future.

There typically follows a period of reassurance, in which we are compelled to believe that this will be a good thing, and that robots could actually liberate us from the drudgery of daily toil and free us for more enjoyable, cerebral pursuits. Futurist Jerry Kaplan, 63, is among those optimists. He estimates that 90% of Americans will lose their jobs to robots and we should all be happy about it.

“If we can program machines to read x-rays and write news stories, all the better. I say good riddance,” Kaplan said. “Get another job!”
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Less discussed is the observation that inequality will be “a dark cloud” over this period of robotic rule. The robots, Kaplan admitted, will be owned by the rich. “The benefits of automation naturally accrue to those who can invest in the new systems, and that’s the people with the money. And why not? Of course they’re reaping the rewards,” he said.

“We don’t have to steal from the rich to give to the poor. We need to find ways to give incentives to entrepreneurs.”

One possible solution to 90% unemployment would be job mortgages, so that people who are displaced by robots can take out loans toward future earnings in unknown jobs. “People should be able to learn new skills by borrowing against future earnings capacity,” he said.

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