https://www.forbes.com/sites/cognitiveworld/2019/02/17/the-end-of-work-the-consequences-of-an-economic-singularity/As autonomous, self-improving and self-replicating machines and machine workforce evolve and acquire more advanced performance capabilities, the traditional model of work is at risk.
Since work is the foundation of human society, it is important that we understand and evaluate the ramifications of this. For instance, what role will the emerging manufacturing/production shifts have in redistributing power, wealth, competition and opportunity around the globe? It seems that the potential impact of emerging explosive manufacturing/production forces will massively reduce or eliminate the hours of the working week and number of working hours -- fundamentally choking the nature of the economic system globally -- leading to many complex questions for the survival of the economic system itself. So, when more and more work is automated and a different way of producing and manufacturing emerges, there will likely be a subsequent collapse of earnings of wages. That brings us to an important question: How will nations deal with the likely collapse of the economic system in the coming years? Are they prepared?
I don't recall this from studying economics in the university. I thought the one they put on the pedestal was the consumer that optimizes his or her well being.The value of a human being is the product of his labour; such has been the orthodoxy of economics, — unenlightened
The value of a human being is the product of his labour; such has been the orthodoxy of economics, and it follows that an increase of productivity results in an increase in the value of labour, but the production singularity, whereby not only automation is automated but progress itself is mechanised, mean that already, manufacturing is taking second place to services. Unskilled labour is already valueless; the human body costs more in resources than it can produce. — unenlightened
No doubt true, but still worth thinking about. Most of us think about machines as replacing manual labor, but lots of white-collar work is gone too. One or two people with Quickbooks replaces a whole floor of accountants and clerks. Digital filing and retrieval small warehouses. And so on. And it used to be that the old man could finish his term with his work and his son use new technologies, but the cycles are down to even a few years in some areas of work. If by "eschatological" you mean either-or, then I don't think it quite applies. More an endlessly slippery slope, with more and more people falling off it.This type of eschatological talk around automation is mostly a boogeyman; a two hundred year old cudgel used to threaten labor to put it in it's place when it get too rowdy against capital. — Maw
This type of eschatological talk around automation is mostly a boogeyman; a two hundred year old cudgel used to threaten labor to put it in it's place when it get too rowdy against capital. — Maw
The biggest threat for labor within developed and developing economies continues to be free trade, not automation.
Further, note how the author of the article writes as if automation is inevitable, as if implementing new innovations that replace the workforce just happen, as oppose to being a concerted choice by the owners of a company. Automation is a decision. Not fate.
Besides which, an economy powered by automation is an ideal for socialists; where productive forces replace human labor enabling humanity to decrease the need to work allowing us to pursue whatever ends we choose. This is only made possible, however, if value created by automation is reinvested back into society by collective ownership, contra private hands — Maw
Others, like Andrew Yang, lacking political imagination because they've drank the nihilistic kool-aid of neoliberalism, instead argue not for collective ownership but UBI (general at the expense of a welfare state and social services), further formalizing economic power in fewer hands, producing greater wealth inequality, and placing people in greater economic precarity. — Maw
Others, like Andrew Yang, lacking political imagination because they've drank the nihilistic kool-aid of neoliberalism, instead argue not for collective ownership but UBI (general at the expense of a welfare state and social services), further formalizing economic power in fewer hands, producing greater wealth inequality, and placing people in greater economic precarity. — Maw
An UBI is not as good as truly distributed ownership, but it's certainly better than the status quo ... — Pfhorrest
Automation is a decision. Not fate. — Maw
That is saying the same thing in different language. Economics has always been malign necessity. This is a critique of economics as a form of life.malign neglect ... abetted by the scale & complexities of technocapital societies. — 180 Proof
I thought the one they put on the pedestal was the consumer — ssu
If value is based on labor, it implies that people are simply looked at as utility units. Why should the end of work constitute a crisis? Are people anything but utility to you? — schopenhauer1
If I like humans and can afford them, I might keep a few as pets, the point is they are valueless to the economy. — unenlightened
But who cares. — schopenhauer1
People care, because if they are valueless in economic terms, the next step is that they will be no factor in political deliberation, or maybe I should say even less a factor.
So it's not that they should care 'inherently' about the economy, that misses the point, it's because it will have negative consequence for them if they are valueless regardless of them caring about it or not.
Edit: To give an example, one way of weighing on political decision-making for the not-so-rich, is going on a strike. That works some of the time because going on a strike causes economic damage. It gives you a form of economic leverage. Economic value translates into political power, so if you are economic valueless where does that leave you then? — ChatteringMonkey
First off, the needs of economic an political value would change if there was no need for work and robots did everything, no? — schopenhauer1
Thus, the "leverage" would not even be a part of the equation being everyone has the goods and services they need. — schopenhauer1
But who cares — schopenhauer1
So how "bad" is this non-work scenario? — schopenhauer1
It will allways be a part of the equation, the leverage will just be 0 then. Everybody does not automatically have all the goods and services they need... that would only be the case if the owners of the means of production decide it so.
Economic power is a part of let's say "total aggregate power"... and ultimately (no matter how much rules you make) this will allways be the biggest factor in determining who get's to decide. — ChatteringMonkey
So your solution to the possibility of not owning the robots is to give us the ability to work more? I'm just trying to understand your end game.I am more addressing those who might wish to rebel against their imminent extinction. I wonder if I need to lay out why socialism is not a solution to all this? — unenlightened
No doubt true, but still worth thinking about. — tim wood
My candidate for 'the biggest threat to labor' is customary or state regulated denial of easy / universal access to (a) clean water; (b) safe, effective, family planning; & (c) quality education of females of all ages. Y'know, because - Ignorance breeds surplus. Sickness breeds surplus. Poverty breeds surplus. But 'surplus people' are only a symptom (pace Malthus), like 'automation' (pace Harari) which compounds it, and not the problem: malign neglect ... abetted by the scale & complexities of technocapital societies. — 180 Proof
An UBI is not as good as truly distributed ownership, but it's certainly better than the status quo — Pfhorrest
Really? Is it not decided by the invisible hand? If the robot is cheaper, the robot takes the job. And if the the capitalist has scruples he goes out of business. — unenlightened
Exactly, so as 180 Proof stated, let's make a truly collective ownership our goal, rather than cede to a limited technocratic political imagination via the restrictive TINA nihilism that Capital demands. — Maw
The Invisible Hand is a concept. It doesn't decide anything. It may be true that Capital tends towards greater production at cheaper cost, but this isn't, strictly speaking, a law by any means. — Maw
Labour is value; labour is virtue. This is the origin of economics; that a farmer works to improve the land and plant a crop. He invests his labour in the land and has to protect it until the harvest. Hence property.
And hence barter, trade, money. The tool-maker likewise invests his labour to produce the means of production, and hence capital. So the end of labour is the end of the foundation of the economy. But you think you can keep the functions of property and money when the foundation has gone. The Emperor has no clothes; money and property has no meaning or function any more. The working class is already dead. — unenlightened
It is possible to form human relations without these "foundational" concepts. — schopenhauer1
Everything, surely, depends on who owns the robots? — iolo
So with labor gone, social relations would change. Think Star Trek or some other sci-fi scenario or historical one.
new jobs will be created in other sectors. — BitconnectCarlos
As manufacturing jobs shrink, service jobs are expanding. However, every servant needs a master, every service needs to be paid for. So for the poor, the hairdresser gets replaced with a DIY trimmer. So the hairdresser becomes poor. Manufacturing is the source, and services are ancillary. A society that is all services and no manufacturing collapses. The economy game stops. See rustbelt in the US, or anywhere North of Manchester in the UK. I'm not the top line economist, but I think this is fairly basic stuff. One can see already that the end of manufacturing is the end of society on a small scale, so it should not take an extraordinary feat of imagination to see the implications as the process continues.
I'm deliberately staying clear of international affairs so as to keep things simple, and obviously some communities and some countries are at a very different stage. But the first principle of economics is 'produce or die.' People are starting to die. — unenlightened
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