The Future Is Here...Wow!

[Papa Zook]

[Papa Zook]

[rhino 2]

When the first robot stoped at the door it looked like it was going to take a Pee.....

[hogcowboy]

When the first robot stoped at the door it looked like it was going to take a Pee.....

I thought that's what was going to happen too.

[rhino 2]

I thought that's what was going to happen too.

Great minds think alike 😊📞

[David357]

[Gorilla]

Wow all very fascinating. I bet this grows as fast as medicine does.

[Jack Klarich]

Pretty cool, tho the second robot was a bit clumsy

[Sidecarbill]

People seem to have a fascination with humanoid looking machines. I really don't understand it.

[frostbite51]

Depending on who's talking, they predict that in the next 20-30 years somewhere between 40 to 70% of all jobs will be done by robots. That's going to make a lot of unemployed people...

[rhino 2]

Depending on who's talking, they predict that in the next 20-30 years somewhere between 40 to 70% of all jobs will be done by robots. That's going to make a lot of unemployed people...

They said that back in the late 60's when computers were just starting to take hold,

And they actually created more jobs...

[Lee H. Mann]

I was going to make a classy video like the others but then realized that there was really no reason to. My Robot doesn't do anything, just sits and takes up space. I call it Century 21.5 Government Employee.



Doesn't speak or move .... First one in the office and last one to leave ... never asks for a paycheck or a day off .... I think it is very innovative.

[Retired Army]

I'm not letting one on my trike.

[1dn5up]

Robot technology is nothing but a machine. You still need a human to repair it. Computers run it and a human programs it. Being that young Americans do not want to do any physical labor, tecnoligy marches on , leaving them in the dust. The tradesman of yesterday has just disappeared. The only physical thing they do is play at the gym and look at asses shake!

[Retired Army]

Probably the worst robots are programmable weapons of mass destruction.

[Lee H. Mann]

probably the worst robots are programmable weapons of mass destruction.

Isn't that what most robots are anyways ????

[Retired Army]

Lets take this a little farther. How about programmable autos that the driver never touches the steering wheel or brakes.

[pcombe]

When the first robot stoped at the door it looked like it was going to take a Pee.....

wait till they chase you down a dark alley?

[frostbite51]

In the comics today:

[mythplaced]

Depending on who's talking, they predict that in the next 20-30 years somewhere between 40 to 70% of all jobs will be done by robots. That's going to make a lot of unemployed people...

The rapid rise of autonomous vehicles and AI will drastically change the nature of many economic segments such as “Manufacturing SIC sector 37 Transportation Equipment and 40-49 Transportation, as well as implications in 63 and 64 Insurance.

While many will still want to own a car for the thrill of leisure driving, many will not want to “own” a car if transportation to and from your destination can be at your door within minutes through a phone app? No issues with parking, maintenance, depreciation, insurance, etc. While autos, trucks, trains, and motorcycles will still be manufactured, the business model and products produced will change significantly.

“In 2015, 15.5 million U.S. workers were employed in occupations that could be affected (to varying degrees) by the introduction of automated vehicles. This represents about one in nine workers” (Beede, Powers, and Ingram, 2017). These workers are primarily less educated and lack easily transferable skills.

What will happen to those individuals employed as operators of these transportation products? These changes will constitute “downsizing” across several employment segments, not just one firm. This is a macroeconomic inevitability, and global foresight and proactive action in those impacted industries is required to manage a significant change in employment within these sectors, else there will result in millions of workers added to unemployment roles.

Do others see any additional macroeconomic effects of this inevitable transformation?

REFERENCES

Beede, D. Powers, R. and Ingram C (2017) The Employment Impact of Autonomous Vehicles. U.S. Department of Commerce Economics and Statistics Administration Office of the Chief Economist Online at http://www.esa.doc.gov/sites/default...Vehicles_0.pdf [Accessed 29 January 2018]