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Will low cost automation make a big impact?

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  1. #1

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    Will low cost automation make a big impact?

    We are woefully unprepared for the tech revolution that will upend our jobs market | South China Morning Post



    As the costs of automation falls what impact will it have on the world. Especially countries that rely on cheap labour as a comparative advantage?

    What aboout semi-intelectual white collar jobs?

    "There will be job carnage in some unexpected areas among surgeons, actuaries, insurance agents and paralegals, for example."

    Or will people find other work?
    Last edited by East_coast; 28-05-2017 at 08:32 PM.

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    What you mean 'will'? It's everywhere.

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    Quote Originally Posted by flameproof
    What you mean 'will'? It's everywhere.
    It has only just started!

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    Quote Originally Posted by flameproof
    What you mean 'will'? It's everywhere.
    Yep. I think the end result is going to be a universal wage, or riots and revolution as labour fights back to claw back some ground over capital.

    The rise of technology and automation can't be halted... Until it is.
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    Quote Originally Posted by TheBrit
    Yep. I think the end result is going to be a universal wage, or riots and revolution as labour fights back to claw back some ground over capital.

    The rise of technology and automation can't be halted... Until it is.
    Those with significant capital will be fine.

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    Quote Originally Posted by East_coast
    It has only just started!
    It started 100+ years ago with the industrial revolution. What machines can do just gets more complex.

    Quote Originally Posted by TheBrit
    Yep. I think the end result is going to be a universal wage, or riots and revolution as labour fights back to claw back some ground over capital.
    Sure, that's why China is building a subway station at every street corner now. Keep people busy. With the average workers wage at about RMB4500 they are not really that competitive anymore.
    shri likes this.

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    Quote Originally Posted by flameproof
    It started 100+ years ago with the industrial revolution. What machines can do just gets more complex. .
    It started in the 1700's but every now and then there are leaps in progress.

    The internet age is the biggest recent change but that was more about speed and equalizing knowledge more around global growth.

    Low cost automation will have a bigger impact on the masses who work at the lower end of society

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    I think low cost automation will have a bigger impact on white collar rather than blue collar jobs. Factory automation has been ongoing for at least fifty years.... Administrative automation has been ongoing for at least thirty.

    Professional automation is the next shoe to drop that is going to be doctors, lawyers, teachers and bankers. It's already starting but still in infancy.

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    Quote Originally Posted by TheBrit
    Factory automation has been ongoing for at least fifty years.... Administrative automation has been ongoing for at least thirty.
    It took a pause for 20 years while it went to China and other low labour cost countries. Talking to a Taiwanese factory owner last week he plans to spend US$500m on automation in the next 5 years moving production units nearer consumers.

    Quote Originally Posted by TheBrit
    Professional automation is the next shoe to drop that is going to be doctors, lawyers, teachers and bankers. It's already starting but still in infancy.
    You are probably right.

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