With 47 percent of the world's jobs poised to become automated in the next twenty years, what is half of humanity going to do when it is retired by robots?
While creative endeavors and skilled jobs still maintain their value for labor, automated jobs are quickly being phased out by those with the means to reap more capital by building machines to do so. As www.motherboard.vice.com reports, "last year Google, Apple, Amazon, and Facebook were worth over $1 trillion combined, but employed just 150,000 people." With labor jobs dwindling and information jobs not escalating, what will workers do when their careers and cash all vanish thanks to the rich and their robots?
According to the Oxfam report "Working For The Few", "those richest 85 people across the globe share a combined wealth of £1 [trillion], as much as the poorest 3.5 billion of the world's population." With 85 people controlling the same amount of money as 3.5 billion, it is no surprise that ideas like wealth redistribution and possibly guaranteed minimum income may become serious social issues in the coming years.
How safe is your livelihood in the robot revolution?