Sunday, May 05, 2013

Is your employer trying to replace you with a machine?

One of the facts of life in 2013 is that machines are replacing humans in the workforce. Monty writes at Ace of Spades that,

Machines are cheaper than human workers over the long term because they don’t get sick, they don't get bored, they don’t go on strike, they don’t draw a pension or require healthcare benefits, and when they break, they can be thrown away and replaced with a new machine with no muss and no fuss.

As technology has moved on and become more advanced, machines have been moving into more and more niches that used to be driven by human labor: agriculture, resource extraction, fabrication, construction, even the production of art and music. And the process is accelerating.

Today, we have reached the point where we can maintain and even grow our GDP with less and less human input into the process. Hence the chronic and structural unemployment problems not just in America, but across the developed world. We have a surfeit of workers whose labor price is not competitive with machines.

Your thoughts?

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