Automation will slash payroll cost and government will be there to take it's share of generated profits. However most business will be pushed into job sharing. 40 hour jobs would become two 20 hour jobs with government subsidies. I don't see any other alternative. Utopia will have arrived but I doubt most people will see it that way.My guess is most of those that work will be doing job sharing. Government will probably subsidize either directly or indirectly most of the population. Tax laws will reward employers that hire more people. I don't see how the country will not become more socialized regardless of who runs the country.Back over 60 years ago when it became clear automation would claim more and more jobs as time passed, the government developed a propaganda campaign to assure Americans that their future was save. Displaced workers would be retrained to do more interesting and better paying jobs. What a load of crap!I think most young people go into education today because they want a steady job and don't want to be dealing with the uncertainly of employment in the private sector.
When things slow down, most everybody is hit. However people who get into careers in need of higher education have less of a chance a machine will take over their job. As long as we keep advancing technology, more blue collar jobs will be lost.
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Years before that, writers portrayed the 21st century as a time of leisure with Mom playing with the kids while Dad engages in his favorite hobby as machines did all the work, a utopia that man had dreamed of for decades.
Things didn't quite work out as expected.
I don't think government ever created propaganda for automation, but I do believe they had no idea what kind of environment we would be living in once we got there. So they made assumptions.
I was a child in school during the 60's and I remember our Weekly Reader having articles on it. It was just too Jetson like to believe it would come true in our lifetime. After all, your typical household at the time had one phone, a record player, and perhaps a black and white television. There was only one vehicle per family and back then, a lot of women didn't even drive.
We were warned, but we didn't know what to expect; even the people that were giving us the warning.
I'll be off this planet long before 50 years from now, but it is troublesome what that world will look like with automation and technology being ten times more advanced than it is today. Where are all these people going to work?
If we do that, government is going to have to get that money from somewhere. We are currently 22 trillion in debt and I know for a fact nobody will be able to wipe that slate clean in my lifetime.
We may just end up like China; have a restriction on the amount of children people can have. And then what are we going to do with all these foreigners that have been coming here the last 30 years, and more to come if Democrats end up in charge?