blue bits. red rocks.

robotic nation

We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come - namely, technological unemployment. This means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour. John Maynard Keynes

What happens when half the jobs done by men and women can be done by a robot costing about the same amount as a human is paid in a year (and running on far less in power and maintenance once the first year wage capital is paid)… When most of the citizens can’t find anything that anyone would pay them to do, what does this mean for a Republic? I have asked this before. And I wonder just who is thinking about this now? Jerry Pournelle

…we need to think about the ownership of the machines as endogenous and not assigned by presumption. It makes a big difference to how we think about the long-term effects of these changes and the allocation of welfare they imply. I’m not claiming here that the adjustment will be pleasant. What I claim here is that the adjustment will occur and the long-run prospects for a interconnected rather than disconnected society and economy remain as good as ever. The ownership of the machines

☼   ☼      ☼   ☼
☼   ☼      ☼   ☼
☼   ☼      ☼   ☼

A GNT creation ©2007–2014