Peer2Politics
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Peer2Politics
on peer-to-peer dynamics in politics, the economy and organizations
Curated by jean lievens
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The Rich and Their Robots Are About to Make Half the World's Jobs Disappear

The Rich and Their Robots Are About to Make Half the World's Jobs Disappear | Peer2Politics | Scoop.it
Two hugely important statistics concerning the future of employment as we know it made waves recently:

1. 85 people alone command as much wealth as the poorest half of the world. 

2. 47 percent of the world's currently existing jobs are likely to be automated over the next two decades. 

Combined, those two stats portend a quickly-exacerbating dystopia. As more and more automated machinery (robots, if you like) are brought in to generate efficiency gains for companies, more and more jobs will be displaced, and more and more income will accumulate higher up the corporate ladder. The inequality gulf will widen as jobs grow permanently scarce—there are only so many service sector jobs to replace manufacturing ones as it is—and the latest wave of automation will hijack not just factory workers but accountants, telemarketers, and real estate agents. 
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The Minimum Wage and the Rise of the Machines - National Review Online (blog)

The Minimum Wage and the Rise of the Machines - National Review Online (blog) | Peer2Politics | Scoop.it

After you heard President Obama’s call for a hike in the minimum wage, you probably wondered the same thing I did: Was Obama sent from the future by Skynet to prepare humanity for its ultimate dominion by robots?

 
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The Rich and Their Robots Are About to Make Half the World's Jobs Disappear

The Rich and Their Robots Are About to Make Half the World's Jobs Disappear | Peer2Politics | Scoop.it
So where does that leave the world's working class?
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