Re:Investing Returns on the S&P500
by fedora_hat on Wednesday June 29, 2016 @03:10PM
(#12003921)
200 years most people farmed, 15 years ago SEO, apps, and YouTubers didn't exist either, yes YouTubers... News jobs are already being created.
[ Parent
| on HN ]
> News jobs are already being created.
Not fast enough to replace the abolished ones, and most of those new jobs are knowledge work, which can't scale as there's a IQ floor that will stop most people from being able to work them. The more we shift to knowledge work, the higher unemployment will climb. You're making the mistake of thinking the past predicts the future, but today's automation is unprecedented, it will not follow the same pattern because it has different effects.
Humans have a knack for adaption. We'll figure out the employment problems that result from automation and robotics. We'd make great pets.
Humans have a knack for selfishness and war, it's more likely there will be much needless suffering and death along any path to an eventual solution to those problems, which will likely be a solution that most suffer under.