Bookmarker is a personal project by @dellsystem to help with retaining reading material. Source on GitHub.

The possibility of mass automation in the long-term is an eventuality that should be discussed and prepared for, beginning immediately. The more pressing problem, however, is the transition to a more automated society that will occur over the next several decades, particularly in countries such as the US, that do not have strong social safety nets. Ben Tarnoff asserts that it is not automation itself that is a problem, but the economic and social insecurity of those who will be affected by it.

It’s reasonable to expect at some point in the next 50 years, technology will proceed to the point that a large number, potentially even most occupations, can be partially or fully automated. If that scenario arrives under our present political and economic arrangement, the consequences would be catastrophic.6

The current hypercapitalist economic system in the U.S., in other words, combined with a set of highly individualistic values, would exacerbate the sting of economic inequality in the face of technological unemployment . According to Mathew Lawrence, a senior research fellow at IPPR, “[m]anaged badly, the benefits of automation could be narrowly concentrated, benefiting those who own capital and highly skilled workers. Inequality would spiral.”

Mass automation wouldn’t necessarily be a negative development, but if it occurs in a capitalist system designed to funnel the spoils of economic and productivity growth to those who are already sitting on billions of dollars, there’s no question that most people would not see the benefits and would likely take to smashing the machines responsible for their immiseration, as so many other workers have done before them. And it would be hard to blame them for it.8

just nice to see some familiar names :)

—p.169 Economic Inequality &​ Employment (167) by Katy Cook 10 months, 2 weeks ago