Similarly with the UK's decline in the value of the pound after Brexit making it superficially more competitive.
Dare I say it, devaluation is overvalued.
Was not able to read the full article in full, but title is an interesting question.
High wages in blue collar fields will be a thing of the past in an world where automation will thrust massive amounts of people whose jobs were automated onto the unemployment line. These people will have to make a choice :Either get re-educated or do simple blue collar jobs.
The good thing is the price per hour for plumbing and other Blue Collar jobs will be a lot cheaper than it is now because of an increase in Labor Supply.
Again I could be totally wrong, but as of today that is the direction we're headed.
TL;DR Automation will...
* replace some current blue collar work over time
* create new blue collar work over time
* take a protracted period of time to fully supplant all labor needs
these sorts of events aren't directly comparable to what approaches. future automation includes analysis, decision-making and adaptability such that most if not all conceivable 'new work' will be automated and a human labor market will not form.
essentially, the robots will build, design and maintain themselves.
> If you think we're on the precipice of AI/automation being able to solve complex problems without human aid I think you're overestimating the capacity of the capabilities of current generation tech.
i don't think anyone supposes it'll happen tomorrow, but it's something we should be well prepared for rather than reacting to.
How many techs do you need to repair one seamstress bot that pumps out 100 t-shirts per hour?
