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Jobs for Robots: Between Robocalypse and Robotopia Kindle Edition
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Prestige Economics, has been recognized as the most-accurate independent commodity and financial market research firm in the world. As the only forecaster for Prestige Economics, Jason Schenker is very proud that Bloomberg News has ranked him a top forecaster in 35 different categories since 2010, including #1 in the world in 20 different forecast categories. Mr. Schenker has been top ranked as a forecaster of economic indicators, energy prices, metals prices, agricultural prices, and foreign exchange rates.
Robotics, and artificial intelligence. After all, both upside and downside risks exist. But the author primarily wrote this book to raise awareness about the importance of bridging critical gaps in the way we talk about the future of work, the importance of education, and the critical need for entitlement reform, so that individuals and society can reap the benefits from the upside potential presented by a Robotopia — and to mitigate the downside risks of a Robocalypse.
When futurists, analysts, and policymakers speak about the future of work, it affects everyone. That includes you, your children, your grandchildren, your great-grandchildren, and anyone you and they know, have known, and ever will know. So, it’s kind of a big deal. Like the debate about the future of work itself, this book is for everyone.
The past of work, the present and future of work and how automation, economics, politics and education and technological evolution to name afew, impact on the prosperity of future life and establishments, are discussed in the book.
Opinions, forecasts, and information are subject to change without notice. This book does not represent a solicitation or offer of financial or advisory services or products, and are market commentary intended and written for general information use only. This book does not constitute investment advice. It is an analytic, researched document almost a historical perspective of the conception and advancement of work and how it relates to the past, present and future economy and growth of artificial intelligence and automation and its downward risks.
Schenker's Published Titles :
Be The Shredder, Not The Shred, Commodity Prices 101, Electing Recession, Jobs For Robots
Future Titles :
Commodity Prices 101: Second Edition, Recession-Proof: The Futurist Edition,
The Valuation Onion.
As risk specialist and economy specialist and futurist he maintains:
Education is both the greatest weapon we have against Robocalypse, and it is the best tool with which we can equip our population to be productive and engaged members of society. Leveraging the democratization of online education to provide opportunities for workers will be critical, as the information age catapults us into the automation age.
A book written by a world authority on the subject.
28 August 2017
To look at the future, he first looks at the past, and the various other “robot revolutions” that have occurred previously, and shows why this one will be, ultimately, not so very different from, say, the Industrial Revolution of the 1800s. Similar cases could be stated regards improvements in agricultural equipment, or military technology, or the like. Technology doesn’t really make the human touch obsolete, it merely changes what we do and makes what we do easier; I’m writing this now without the need to hire a scribe or a message-runner, for instance, but a small army of people were involved in the the developments required to make this message possible.
Where I think Schenker drops the ball is is regards UBI, and I think that’s due in large part to a kind of tunnel vision; looking at “the big picture” entirely within the frame of the current status quo in his native US:
“It costs more than our currently failing welfare system” (it costs less than systems in Europe that actually work).
“It’ll mean higher corporation taxes and so will result in businesses pulling out” (which is why there are no major businesses in countries with a strong welfare system like Germany, and is also why countries with incredibly high corporation taxes, like Norway, aren’t topping wealth indexes time and again)
“It’ll make people lazy” (it has been tested again and again and found to free people to pursue their entrepreneurial projects and bring value to society; people enjoying UBI simply work more productively in a personally optimized fashion, unlike those who would produce something great but have to stack shelves to pay the bills).
“It’ll produce hyperinflation” (this one’s beyond my personal knowledge-base, but it’s clear that this isn’t the prevailing view of economists; I expect the reason why has to do with the fact that UBI covers only basic living expenses, not luxuries, so while there’ll be a market adjustment it’ll be a matter of a baseline moving by a finite amount (directly proportional to the amount of the UBI) and from there inflation will proceed as normal. Obviously hyperinflation would actually occur if the money were just printed, rather than coming from the tax kitty, but that’s another matter and I don’t think anyone’s proposing that).
However! While for the above reasons I currently disagree heartily with Schenker on the matter of UBI, I laud his well-reasoned arguments in the matters of job security, automation-proofing one’s ability to contribute usefully to society, and so forth, considering all but two chapters of the book (which pertain to UBI) to be very well-balanced indeed.
If I’d add a caveat, it’d simply be to read it alongside something like “Robots Will Steal Your Job But That’s OK” by Federico Pistono for the balance that’d otherwise be missing regards UBI.
I should say that the author is very talented when it comes to these things—either he is in the field of advanced technology or he did an intensive research about it (sorry, I haven’t read his profile yet, but I will). It made me think of how powerful advanced technology is, and the ways on how it could make or break the future. Manpower and human resources are the ones directly affected by this—no more newspaper boy to deliver the printed news because the news is already in our hands on our phones and there would come a time when customer support specialists would also be gone because all we have to consult is a talking computer.
The book basically encourages the readers not to be afraid about the possibilities of the future brought about by technology. However, as much as it also says to not be afraid of it, well, I am still left with lots of questions. In other words, this book is very thought-provoking. Highly recommended for those tech-savvy people and those who are curious about the futuristic world.