A cause for future UNEMPLOYMENT ?

[Mackin USA]

Robots

[littleman]

I read that 30-50% of all jobs will be replaced by machines in the next 20 years.

[Mackin USA]

Shows us the need for "Quality" education.

[Travoli]

It'll be interesting to watch the U.S. transition to a basic guaranteed income. Right now I put the odds at 1/7 in my lifetime.

[nffc]

You already have one, so do we, just nobody has noticed.

[littleman]

You already have one, so do we, just nobody has noticed.

Okay, I'll bite.  How's that?

[rcjordan]

The White House, in a stunning report to Congress this week, put the probability at 83 percent that a worker making less than $20 an hour in 2010 will eventually lose his job to a machine. Even workers making as much as $40 an hour face odds of 31 percent.

http://www.bostonglobe.com/ideas/2016/02/24/robots-will-take-your-job/5lXtKomQ7uQBEzTJOXT7YO/story.html

[Mackin USA]

Interesting article!

In MY WAY of thinking, anyone who measures income in "hourly" terms is doomed.

[Travoli]

You're right, NFFC.  Should have said "extended social security."

[Rupert]

We will have to look after each other, as the only way to work.

Carers, nurses, doctors etc. 

wo/man needs a purpose.

[Chunkford]

It's OK, even if jobs are lost then UBI is here to save the day

"In New York, the influential venture capitalist Albert Wenger has been sounding off about a basic income for at least three years, claiming it offers an answer to a very modern question. If, as he says, "we are at the beginning of the time where machines will do a lot of the things humans have traditionally done", how do you avoid "a massive bifurcation of society into those who have wealth and those who don't"?"

http://www.theguardian.com/politics/2016/apr/13/should-we-scrap-benefits-and-pay-everyone-100-a-week-whether-they-work-or-not

[Mackin USA]

Prepare you children & grandchildren NOW