When people are saying "robots will take our jobs! We're doomed!", they're implying "productivity gains will make us poorer!"
Which frankly is an absurd thing to say --especially after 200 years of dramatic economic and social progress driven by productivity gains.
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Humans are bad at judging in absolute terms. The feeling is that they're being screwed more than before. http://www.epi.org/publication/ib330-productivity-vs-compensation/ …
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Unfortunately, they're right about that—which makes the absolute gains highly questionable at the very least.
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it’s happening fast, we’ll have to adapt fast, entire classes of job may disappear, last 30 years productivity gain benefited 1%
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@michiexile IS it absurd? Automation promised us reduction of human labor. Instead, we saw reduction of single-income households. -
I don’t see it as much as absurd, as I see a **glaring** indication that our current distributional politics is doomed.
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Well... in the long run everyone is better off. But take the Luddites: They were worse off for generations. Individuals lost out.
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It's the transition that's scary, not the final outcome. If tech displaces 5 mil workers in 10 years, what happens to them?
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And is it Pareto-optimal, I.e are they no worse off? Or are the jobs they can get less desirable/compensated? Over how long?
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People who are unable or unwilling to learn new skills are the ones that suffer from technological progress.
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