Quote:
Originally Posted by CaramonLS
There are some estimates that show over the next 10-15 years up to 40% of the workforce are at a potentially high risk of automation. We are already at a point in time where self driving cars alone could bump the unemployment rate by 5-10% in a very short amount of time.
Probably time that Canada reconsider it's immigration policies too if labour isn't going to hold the value it previously did. I can't see a situation that is sustainable if we are bringing 250-300k per year into the country. There won't even be enough jobs to support those already here.
Governments needed to start looking at this problem yesterday. This is going to come quick and it is probably going to hurt.
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100 years ago 95% of the workforce worked in farms. They all (most) lost their jobs to automation.
The problem isn't job loss, its job creation. Fewer and fewer people are out there creating new jobs and industries.
I see 2 reasons:
1. The standard of living has risen across the world, but a lot in the developed world. People don't need a lot of money to be entertained and content. The drive to 'takes risks to better ones life" just aren't there in a risk vs reward as much as they were.
2. To many public jobs/an increasing % of people in public jobs. Public jobs never have driven innovation or new industry job creation.
We need to figure out how to get back to people being entreprenuers and creating new industries to replace the jobs being lost by automation.
Regarding basic income and how to pay for it. In theory we already support basic income for most people, it is just wrapped up in red tape and government programs. If we could prove it is cheaper to kill these programs and just give people to $$, it could totally work. But that would kill more jobs and the government has created an industry of moving money to people.