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Tuesday, July 22, 2014

A Jobless Future, No Matter What Government Does

"Automation, Robotization, Software Enhancement And Permanet Job Loss"

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A jobless future, no matter what the government does. "On all this, Summers is right. Within two decades, we will have almost unlimited energy, food, and clean water; advances in medicine will allow us to live longer and healthier lives; robots will drive our cars, manufacture our goods, and do our chores....Summers is wrong, however, in his belief that governments can do as they did in the industrial age: create 'enough work for all who need work for income, purchasing power and dignity.' They can barely keep up with the advances that are happening in technology, let alone develop economic policies for employment. Even the courts are struggling to understand the legal and ethical issues of advancing technologies." Vivek Wadhwa in The Washington Post.

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