Isn't this supposed to be good for us and make people's lives better? If that's not the case, then it's really something to be worried about.
We will probably reach a point the industry doesn't improve its survival ability by feeding and serving people. If that happens we will have reached a point where we do not have the ability to extract resources on our own since machines do all the critical parts of the job and we won't have the know how/or the access to resources.
Specifically:
- mining, farming and transportation is in the process of being automated away, as is manufacturing.
- in a world dominated by renewable energy, the cost of energy will depend on local weather. To optimize the logistic operations, we'll have to integrate weather predictions and adapt the flux of goods. Humans won't be able to compete with machines for that task, and logistics will also be automated away.
Once that part of the industry can work without human input, we'll be in deep trouble. The rest of the human economy is the result of accidental complexity due to the fact that meatware stems from biology.
This is the natural consequence of optimization and growth seeking. The only way to optimize human labor fast enough to be competitive is to optimize it away. If we're not economically competitive we will not survive. We are in the process of making ourselves redundant, and magic thinking makes us believe that it will end nicely.
At some point those changes will need to happen, as you say, but it would be better if we didn't reach the point of needing a revolution to get there.
Maybe if you only consider the first three bullet points. The rest of the list (maybe minus brexit) is decidedly more problematic today than it was 40 years ago.
Even then, it's arguable about "pollution". Sure, we've cut pollution greatly, but we're still learning how bad we actually screwed <strike>up our environment</strike> ourselves over and how difficult it is going to be to clean up.
And as dollar value influences pretty much whole world, it can be applied the same way in other countries.
Source: http://www.in2013dollars.com/1860-dollars-in-2017?amount=1
In comparison to what, exactly? Compared to another currency? Compared to itself?
If another currency, then great! We can sell them more stuff because our stuff is cheaper then their own stuff.
If compared to itself: so what? Inflation is a stated policy of the Federal Reserve. My dollars may be worth less, but I make more. This isn't a problem unless you issue loans and failed to charge enough interest.
The commentary in this thread just blows my mind. I'm astounded in an era of regular travel just how sheltered people in the West are.
The process itself would be a range of options. From removing undue leverage that make people buy things they can't (or don't want to) really afford so they are reliant on rising property values, to absolute government intervention. Of course the most likely would be somewhere in between. Where the government by allocating resource (whether that is building permits, land or directly with construction) competes with the market.
And this isn't really the market not functioning as such. The market is accurately pricing things like housing high because of its importance. The problem is that eventually the market will also reflect the decreased competitiveness of important things being expensive.
Anyone who gets depressed because of Brexit is just looking for a reason to be depressed. It is the lowest-stakes political crisis I could imagine.
Maybe people are getting depressed about those issues; but the solution is read less news and need to get better at filtering out things they can't control. If you consider all the things that can go wrong there never has and never will be an era that isn't depressing.
The only things on the list that are problems are antibiotics, global warming and healthcare - all of which are risks of falling out of the golden age of the last century back towards something that could be considered the normal human condition through most of history. They are also all completely solvable problems.
- pollution
- economic stagnation
- inflation
- antibiotics failing
- global warming
- debt
- automation and artifical intelligence
- politics failing to tackle those issues (its a circus in some countries)
- issues like Brexit
- natural disasters
- hard manipulation via mass-media
- addiction algorithms in modern games/medias/programs
- goverments cutting expenses on healthcare and education
And many more. Im surprised young ppl still have hope, thats very brave of them.