Are the vast majority of the population of the developed world now destined for the economic scrap heap? The vision of further mechanisation (computerisation & robotics), surely brings with it a need for fewer people as workers, benefitting a minority but leaving a majority on low incomes, competing harder & harder for fewer & fewer jobs. An obvious way to mitigate against that would be to act now to limit our future population. The baby boom generation came of age when it was accepted knowledge that innovation and productivity would always lead to higher standards of living. The generations which followed assumed this truth would continue into the future indefinitely. With the crash of 2008 the upward mobility the middle classes assumed was their right evaporated, and it is unlikely to return. Martin Wolf, chief economics commentator of the Financial Times, asks how the work force of the future will be changed by the advancements of technologies. How should governments respond to a jobs market which is hollowing out opportunities for traditional educated professions and how will rewards for innovation and income for labour be distributed without creating a society plagued by endemic inequality? bbc.co.uk/programmes/b042jfvz
Posted on: Thu, 08 May 2014 09:09:04 +0000
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