Future of jobs… it’s more complicated than you think…

https://youtu.be/7Pq-S557XQU
This video is the best argument I have seen in a easily understood context about the coming challenges of employability and future jobs with the rise of automation. Although I have a problem with the use of horses as a metaphor to understand future human jobs. Particularly in that the horses were never the creator of their own jobs where as we humans are the creator of our jobs. I do believe there will be tremendous deflation in the future that currently is expressing itself in some type of technological deflation which is hard to measure using the tools of an industrial time such as GDP. This deflation will make so many of our living expenses smaller. This will probably first be seen in the tremendous lowering of the cost of transportation. And has already been seen as mentioned above in the decreasing cost of technological gadgets and services. This will leave our largest cost as housing and healthcare. It is possible that a universal basic income will become increasingly likely. Indeed we live in interesting times.

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