Thursday, September 22, 2016

empowr filosophy; All Mail - olgalazin@gmail.com - Gmail

All Mail - olgalazin@gmail.com - Gmail:



Great wealth will be (and IS already being) generated
The companies that bring these technologies to the world will create massive wealth for their founders, major shareholders and a few key employees.
But for everyone else, these technologies will wipe out their jobs; they and their labor will simply no longer be needed.
The result will be unemployment like we have likely never, ever witnessed before – not even in the greatest of depressions.
In the past, when technology replaced workers, the workers eventually found new jobs.
For example, when new technology (such as tractors, fertilizer, etc.) pushed workers out of the farms, those folks moved on to all the new factories that new technology was enabling.
But this time, automation is coming to everything so quickly that the world will hardly be recognizable in just ten or so years.
 
Summary: Globalization and Automation are about to usher in a new era of unemployment, poverty and inequality.

The effects of widespread and sudden poverty
As if poverty wasn’t a big enough problem by itself, it (poverty) creates another massive problem -- a problem even more damaging than widespread poverty -- which we will discuss in an upcoming post.

In the meantime, we would all love to hear your thoughts
… on the effects of globalization and automation in your country….
… and related topics.


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