Robotics: The End of Work, Economics, and Capitalism
Many are fearful for their jobs with all the media today about automated automobiles, delivery robots, and self checkout lanes. In the short term this fear maybe justified, but long term we should all be extremely excited for our grand children, or great grand children. These children will live in a world that allows humans to enjoy life without the stress of providing for their families. Everything will be provided to them.
We must understand that this is an unstoppable future we are embarking on. The reason stems from global competition. China and India as well as other countries have been leading the world in cheap labor through unpopular labor practices. Cheaper labor equals cheaper products. The only thing cheaper is no labor. If American ignore this trend, they will be left behind. Frankly, Americans don't like to be last in anything. They and other countries like Japan will lead this movement to reduce manufacturing cost.
One other reason robotics will replace humans has to do with labor laws. Companies have to tread lightly with employees to prevent business ending lawsuits. To do so, companies will continue to moving away from labor. Labor laws don't apply to robots.
At some point robots will not only be doing all the work, but they will also create new robots and repair broken ones. Farming, manufacturing, you name it will be replaced.
The first thing to happen will be a slow deduction in labor. Walmart just last week laid off a ton of employees. Lets think about this for a moment. Walmart has self check out lanes now, and they just ordered a huge fleet of electric trucks from Tesla that more than likely can be converted to autonomous fairly easily. This is the beginning. All physical labor will come to an end.
Then the professional jobs will be hit. Doctors will soon have no jobs. Robots will draw blood, scan the body, diagnose, treat, and do surgeries without any human involvement. Most humans will be outfitted and implanted with nano bots that will catch every possible illness. Treatment will be done to humans as they live their lives. The entire planet will be video recorded. Laws will be enforced by robots that have access to all video footage. Punishment will be handed down without question. This will cause peace through fear. The only thing humans will have left to do is live, socialize, travel, love, and populate.
War is the only possible end to this inevitable future.