Only 10 percent of jobs that can be automated have already been taken by robots. By 2025, the machines will have more than 23 percent, Boston Consulting forecasts.
For example, the population of working horses peaked in England, in 1901, when 3.25 million were at work. Though they had been replaced by rail for long-distance haulage and by steam engines for driving machinery, they still plowed fields, hauled wagons and carriages short distances, pulled boats on the canals, toiled in the pits, and carried armies into battle. But the arrival of the internal combustion engine in the late nineteenth century rapidly displaced these workers, so that by 1924 there were fewer than two million. There was always a wage at which all these horses could have remained employed. But that wage was so low that it did not pay for their feid.
We all now robots and AI are replacing more and more employees in all fields. They do not have the need to sleep, eat or make an income, so they are the perfect workers. They do not have to take a sick day or a vacation. But when almost all jobs will be replaced, who will buy the products made by these robots? Who will have the money to keep capitalism in order?
The concept of universal minimum income is thought to be the answer to this problem, but where should this income come from or can we be forced this way to accept a one world government?! What are your insights?