Madara x
Sleep soundly
In the short term it may kill jobs of people who aren't quick enough in developing new skills but overtime I think automation has the potential to create new jobs. New jobs that involve creativity, complexity, judgement and social interaction will replace the repetitive, robotic ones. during the industrial revolution many people started to panic but its quite evident that people's incomes and standard of living went up. The same case with the automation age of the 60s,70s and 80s. Extreme poverty has actually reduced by half over the past 30 years from the ability to produce more than ever with little cost
https://www.theguardian.com/news/da...quality-rising-falling-worlds-richest-poorest
One thing you forgot is that if people are to poor to consume, there would be no need to produce as there is no supply to meet the demand and therefore capitalism will adjust itself to match up with the correct price. Also the fact that automation can make producing a large amount of things quickly, can mean that more people will be able to consume than ever before.
Overall as education attainment increases, birth rates in the developing world will naturally decline and eventually their incomes will rise with sustainable development and energy to sustain their industrialization.
Check out this tedtalks on how the future might be:
I was with you, until you sad that the birth rates in the developing world will naturally decline.
What is the relationship between birth rates declining and education attainment increasing?
Are you saying that people have less babies, because they're in school for longer periods of time?
I can understand that argument. But how does race factor into this discussion.
The world is governed through a racial world order. Where white nations controls the resources and future of Africa and other third world regions. How does this fact fit in to your predication of what the future will look like?