- An intriguing question indeed. I believe, at least initially, there will be widespread chaos because the people who invent and execute automation will derive maximum benefits of savings from automation. They will not care how many jobs are lost as long as they keep getting richer. As you point out, many jobs will get lost in all sorts of categories. However, after passage of some time, as widespread unemployment becomes a global phenomenon, the buying power will drastically reduce everywhere. This will create a situation where there will be drastic reduction in the demand for products of those automated empires and they will start declining too. At this point, if a concept for 'communal creation and sharing' evolves (like our ancestors - who used to hunt and gather together and the whole tribe was taken care of) then, people will have 'duties' for the communities and not jobs. There will be no payment involved but basic needs and sustenance of society members will be taken care of by the whole community. Starts sounding like communism at this point doesn't it? Well - I guess we are destined to have such cycles of society models. What do you feel?
Man - you write profound blogs. They make me use the old noodle brain a bit. By comparison, my blogs must look very simplistic! I request you to take a look and provide feedback if possible whenever you have time. Thanks
RE: Will The Concept of Jobs Be Obsolete In The Future?