I could have mentioned this in the "whats changed thread" but i thought why not have a whole thread on it.
My thoughts of Automation are very mixed, one of the few topics like the death penalty i flip flop on.
Automation obviously has been happening for years, but not on this scale imo.
We are now seeing skilled and mass unskilled jobs Automated. Now the Free market conservative in me thinks this is a good thing, it "frees people up to be more productive". Everyone a winner right?
Well i think Automation could work, in well educated advanced society like Singapore, New Englad America, Herts england, basically well educated areas of the world.
However just telling people "be more productive" has some complications. What about third world countries which rely on Manual work? Lets say in the 1980s the mines fell through purely because of Automation, Mansfield would still have Geographical/regional/Structural unemployment like it does today? Which tells me, if you are going to Automate, we must have a better education system in place to train the people being Automated to be "more productive"
check our this article on Bloomberg