Rise of the Robots: Technology and the Threat of a Jobless Future

Focus on creating value

This really makes you sit back and think. If (when) we have all this technology come on board I will make sure I am at the top of the food chain and not a cog in the wheel. This isn't the buggy whips makers protesting when the car came around. The disruption will be like the buggy whip makers (most of the middle class) seeing Google's automated car constructed by 3D printers and Uber already being in place rather than the Model T beginning to roll of the assembly line. The masses will be running for cover. The authors pitch a national minimum income is really the only solution with no wages for the mass of unemployed folks. Not politically popular but not many options. Very eye opening content.

Nope. Batten down the hatches and start making moves now to profit from this rather than be a victim.

Great thought provoking discussion of automation. However, it could have been shortened by a third. His ideas in the last chapter are really out there in terms of feasibility and logic. Well worth the listen though.

Hare the nasal sound of the narrator. First 75% is analysis, which is great. Did not like the conclusions that much. Overall a great book that sets you thinking.

It has a great start but falls off once the author starts making recommendations to fix the potential future issues. Seems like there is a lack of analysis within those chapters

I naively thought this book would be more about the details of new technology and what jobs will be replaced but at least 50% is about the economics of robotics and frankly, the author gets this wrong. I think most readers will not find this economics part much of a problem but as someone who studied economics for many years and worked in the financial industry and technology sector, there is deeply wrong conclusion the author makes:<br/><br/>The industries that introduce the most automation and replace the most jobs are the same industries that improve productively the most (since labor is almost invariably the most expensive part of any process). This is also the area of our lives which improve the most (except for the immediate quality of life decrease for the people who work in that industry when it becomes automated). For example, since the mechanization of textiles, the cost of clothes as a percentage of poor people's incomes has dropped ENORMOUSLY in the past 300 years. Even people living at subsistence levels in parts of Africa and Asia have more clothes at higher quality, with greater variety then anyone could have ever dreamed of in 1700. As productivity rises, the purchasing power of people's incomes must rise at a greater rate (since it cost less to produce a given good or service with the new process). Even if incomes fall, quality of life can still go up if purchasing power of the falling incomes is more than compensating. The greater the output of mankind, the more wealth overall. If technology causes the incomes of the very skilled to rise disproportionately, you can just raise taxes a bit on them and reduce taxes or even create a negative tax rate for the poor (so you report your income and instead of paying the government say 15%, the government sends you a check for 15%). There will always be jobs at some low wage because although robots might be highly efficient, they are still not free. Electricity, maintenance, materials costs, R&D costs, construction costs, sales taxes, etc. In a world where robots can make almost anything very cheaply, people just do the things they are comparatively good at (and unless robots become people, these areas will always exist). By definition, if robots and people are different, they will have different capacities and different comparative strengths. People will just move to "design" and other creative jobs. The world does quite well without people operating our telephone switchboards (now done by software) and it will get along even better when no one has to make hamburgers or sew t-shirts. Hamburgers will be much cheaper and so will t-shirts. People will design new, even tastier hamburgers and new, even cooler t-shirts but robots will be making them. <br/><br/>The guaranteed income can be recipe for disaster and there are many people in this world who would just stay home to have sex, do drugs, and make babies. Over time this group would increase as the genes for laziness and baby making become more prevalent in society and other people realize they can do this a well (and don't like the idea of free-loaders having all the fun). I think its better if you make some kind of productive work a requirement via a negative tax rate if necessary. This way everyone contributes unless they are truly unable (disabled) or in school (which should be very cheap). <br/><br/>Ultimately, this is a complicated topic so I don't fault the author too much but I think there is clearly a flaw in the economic logic. I agree information technology is a general purpose technology as is narrow artificial intelligence. There have been other general purpose technologies however, and the main difference is that they affect many more areas of our lives and improve the world to much greater degree. These include the wheel, writing, electricity, democracy, the corporation, property rights, mathematics, etc. All these things have made our lives better on average while changing the returns to different types of labor and capital intensity of different industries. Robotics is just another (but potentially more profound and effective) way of creating what everyone wants. Efficiency has been the name of the game since the first technologies perhaps more than 1 million years ago in the form of fire and sharp stones. Only increasing efficiently will make tomorrow better than today. Just maximize on efficiently and then tax appropriately to spread out the returns in a reasonable way. <br/><br/>General AI is whole other ball game. This is the equivalent of an alien coming to earth. You might not even have to worry about he economy or jobs at that point. Presumably, this AI could become very powerful and it will decide the fate of humanity, not humanity. Our very existence will depended upon what this AI decides to do with us.

Please address the flaw in economic thinking.

When he talks about all the new robots that will do people's jobs. This was quite interesting.

Cut down the economics sections and focus on the robotic technologies.

While the book has a lot of good information, there were parts that were boring (too many facts and numbers) and parts that lacked focus (philosophical droning about how technology can create a dystopian society). During the Luddite Movement in the 19th century, people feared that machines would eliminate jobs. Yet here we are 200 years later, we enjoy the use of all kinds of machines. Instead of speculating on the range of possible futures, the author should have focused on an ideal future merging humans and technology and the factors needed to make that happen.

This book does a great job of laying out the framework of the future. A future we really have to start thinking about.

Thorough and sober analysis. A must read for anyone interested in jobs and the future

The best book so far on technological unemployment. It provides a measured, thoughtful rebuttal to everyone who naively imagines automation will continue to create more jobs than it displaces

although I agree that technology may cause widespread unemployment, I doubt that the only solution is having the government pay every person a minimum salary. the author also make wild assumptions about climate change that really have nothing to contribute with the storyline