« Last post by shnozzola on Today at 08:22:22 PM »
As technology progresses, indications are that “putting people back to work” will become less feasible. EconomistsErik Brynjolfsson and Andrew McAfee have charted what they refer to as “the great decoupling.” They have found that productivity, or output per hour of work, has quadrupled since 1947 in the United States while employment has not risen at nearly the same rate. What this means is that many companies are producing more goods and services without having to employ more people.
Other research suggests in the next 15 to 20 years, 45 percent of all existing employment will become automated. Even more startling, there’s little to suggest new jobs will be created at the pace necessary to compensate for this loss.
Moreover, if Kurzweil is representative of how even a fraction of people would fill their time when they are no longer engaged in meaningless employment, then the future seems likely to be filled with even more innovations and even more creative achievements. “Do you think innovation is going to stop?” asks Kurzweil. “It’s going to explode.”
If that prediction holds any merit, then imagine the leaps we would make if every 9-to-5 laborer who watched Star Trek growing up was working on making warp speed a reality.
(Trying to post the 11 minute video from youtube, but vimeo only for now)