Humans need not apply... are robots really taking our jobs?
Elon Musk has a fairly dystopian view of the future job market. In a recent interview with CNBC he predicted that robots will take your job and the government will have to pay your wages. The workforce of the future will be comprised of intelligent machines and as the humble human is inevitably superseded by technology our lifestyles will have to be maintained by the state. Science fiction? Or science fact?
Well Musk is pretty adamant:
"There is a pretty good chance we end up with a universal basic income, or something like that, due to automation. Yeah, I am not sure what else one would do. I think that is what would happen"
So, in my mind, that bold statement kind of begs two questions. Firstly, which jobs are really under threat and if Musk is correct in his assertion then how would governments handle a minimum state wage system to plug the monetary gap?
Is your job under threat?
In Lisbon last week the annual Web Summit (one of the largest tech conferences in the World) took place and they conducted a poll of 224 venture capitalists who are collectively responsible for $100 billion of investment capital. In that survey, 53% of them said that Artificial Intelligence would usurp millions of jobs. Hmm. The survey also said that 93% of the