"Walmart and other corporations capable of automating at scale will put even more pressure on low-skilled wage growth. Skyrocketing education costs will make acquiring new skills difficult without massive personal debt. The Slow Robot Apocalypse will be the debt burden borne by workers struggling to stay a step ahead of machines that will be continuously upgraded by employers."
The idea that “upskilling”—offering educational opportunities so that people can get better jobs in a more technological economy—has a chance of short-circuiting populist resistance to increasing wealth inequality is an indication that the elite deliberation network is running low on good ideas and may be breaking down as a mechanism for solving social problems created by technological advances.
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We know right now that the pace of technological change itself is increasing. From this it very likely follows that at some point automation and robots have to start replacing humans in most “algorithmic jobs,” those tasks (however complex) that proceed from one step to another, then start again after completion. The future isn’t just cashiers losing their jobs to software. It’s financial analysts, too.