Hey Jessievs
The world is facing one of the most unique issues of all time, the loss and obliteration of jobs. Jobs, work, career its all we've known for 1000s of years, hard labour has been reduced through the industrial revolution, and cognitive labour was the order of the day. Now with the dawn of the internet, blockchain, IoT, AI, Machine learning and quantum computing, we're seeing the irradiation of thinking labour the likes of which you have never seen.
A lot of people think that their jobs are going to be safe from AI and that their skills are unique and worth having,. Still, sadly they are mistaken, each year the IQ of AI increases and with it comes a continuous reduction in the number of jobs as AI does it faster and cheaper than any human can.
Image source: - sites.google.com
The problem with jobs
The problem with jobs is that we've tied our economy to it as well as our self worth and we haven't been compensated to a point where we can remove ourselves from it altogether. There's only a small percentage of people who can live out their entire lives without work and without a deflationary asset to hold, many others will never see that happen in their lifetime.
Jobs are tied to our survival for many of us, and job losses can drive people into depression and worse civil unrest.
The scarcity of jobs
Governments are selling you lies while the private sector continues to innovate. While the unimaginative bunch sucking up tax revenue cannot see that jobs are on the decline and campaign the masses to vote for them, promising them jobs is a race to the bottom.
Sure they can do it now in the short term, and the medium term create inefficient jobs for the sake of paying citizens but eventually technology will cannibalise it. Once it starts to make zero economic sense to drive employment, the ZEV's will be on the rise.
The Zero Economic Value (ZEV) individual
We've had these forever, but it was maintained within the bounds of soceity, children and the elderly do not produce economic value, its the working population that keep the rest of society afloat. Then we have the disabled and those on welfare and societal failures that have had no impact on the economic and only suck up funds from the government all being paid for by the wealth of the working population.
This was a balancing act of governments, to make sure the middle class continues to grow to pay for all the dependants from the ZEV's. Still, it looks like with technology and poor monetary and economic policy we will see more people fall into the ZEV category without ever having the probability of getting out.
Retrain or remain jobless
The popular argument is that as machines do more of our jobs, we can focus on doing other things and new jobs will come to the surface to replace the old ones, this may have been the case before, but this time it's going to be different. One you displace a taxi driver or truck driver with self-driving cars, do you think they're going to retrain to become a coder? No, they need to find labour tasks, and as labour tasks decrease through machines, they need and pay for it decreases, making it less viable.
There will be a population that do rise to it, but they will be a minority that is retrained and move on, a vast majority will be left jobless as they have no skill to sell into the new marketplace.
Have your say
What do you good people of HIVE think? Will ZEV's be on the rise? How will we cope as a society of people with no economic and societal function but still need to consume?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
Let's connect
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