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Winners And Losers In The New Robot Economy (Demo)

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Notes: Nearly 1 in 3 ratio of U.S. military aircraft that are robotic drones; 367,000 number of surgeries in the U.S. aided by robots in 2012; more than 700 robots used to make the 2013 Ford Escape in Louisville, Kentucky

On September 9, 2013, David Von Drehle writes in Time Magazine:

As rapid technological advances create more powerful robots, which jobs will be left behind in a restructured economy?

The automation of human labor is as old as the Industrial Revolution. From the steam engine and the cotton gin to the desktop computer and the robotic welder, machines have enabled leaps of efficiency that create far more jobs than they destroy. And yet many economists and technologists believe that things are different this time, that society is entering a new and troubling phase as computing power and other advances make possible the creation of ever-more-powerful robots. What if the economic growth of the future produces more jobs for more robots, leaving humans behind? What if we’re heading toward a future in which a handful of creative humans marshal an army of ever-more-intelligent machines while everyone else languishes? How does the world work without … work?

Finally a major national news organization raises the question “How does the world work without … work?” This question was first posed by binary economist Louis Kelso in the 1950s but has never been thoroughly discussed on the national stage. Nor has there been the proper education of our citizenry that addresses what economic justice is and what ownership is. Therefore, by ignoring such issues of economic justice and ownership, our leaders are ignoring the concentration of power through ownership of productive capital, with the result of denying the 99 percenters equal opportunity to become capital owners. The question, as posed by Kelso is: “how are all individuals to be adequately productive when a tiny minority (capital owners) produce a major share and the vast majority (labor workers), a minor share of total goods and service,” and thus, “how do we get from a world in which the most productive factor—physical capital—is owned by a handful of people, to a world where the same factor is owned by a majority—and ultimately 100 percent—of the consumers, while respecting all the constitutional rights of present capital owners?”

I have written about this issue extensively and I refer readers to several published articles that address the solution to this issue. See “The Absent Conversation: Who Should Own America?” published by The Huffington Post at http://www.huffingtonpost.com/gary-reber/who-should-own-america_b_2040592.html and by OpEd News at http://www.opednews.com/articles/THE-Absent-Conversation–by-Gary-Reber-130429-498.html

Also see “The Path To Eradicating Poverty In America” at http://www.huffingtonpost.com/gary-reber/the-path-to-eradicating-p_b_3017072.html and “The Path To Sustainable Economic Growth” at http://www.huffingtonpost.com/gary-reber/sustainable-economic-growth_b_3141721.html. And also “Second Income Plan” at http://www.huffingtonpost.com/gary-reber/second-income-plan_b_3625319.html

Also see the article entitled “The Solution To America’s Economic Decline” at http://www.nationofchange.org/solution-america-s-economic-decline-1367588690 and “Education Is Critical To Our Future Societal Development” at http://www.nationofchange.org/education-critical-our-future-societal-development-1373556479. And also “Achieving The Green Economy” at http://www.nationofchange.org/achieving-green-economy-1373980790. Also see it complete with the footnotes at http://foreconomicjustice.org/?p=9082.

Also see “Financing Economic Growth With ‘FUTURE SAVINGS’: Solutions To Protect America From Economic Decline” at NationOfChange.org http://www.nationofchange.org/financing-future-economic-growth-future-savings-solutions-protect-america-economic-decline-137450624

NationOfChange.org also published my article “The Income Solution To Slow Private Sector Job Growth” at http://www.nationofchange.org/income-solution-slow-private-sector-job-growth-1378041490

See my Huffington Post article, “Democrats Have Failed… But Opportunity For Redemption Awaits” at http://www.huffingtonpost.com/gary-reber/democrats-have-failedbut-_b_3818202.html

http://content.time.com/time/subscriber/article/0,33009,2150607,00.html

 

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