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We need an entirely new paradigm of government and economy or we will implode and human needs will propell us into global war, massive depopulation and a new stone age.
That global war, which I see as inevitable as it takes too many people actually cooperating to avoid it, will go nuclear and there will be massive depopulation, but no stone age as we will be extinct.
The auther needs to do a little more homework and be a little less sensationalistic. Chief example is the comment about drones taking away pilot jobs. The fact is that drones require 25% MORE personnel to deploy and operate than a traditional combat aircraft, including the pilots that remotely fly the vehicles.
Smart phone apps are written by an army of software developers. New opportunities for young innovators that pay far more than minimum wage,
The "million" robots being acquired by Foxconn require many thousands of workers to assemble , install and maintain.
I have never been to a self checkout that didnt have one or more cashiers overseeing it because of the inevitable problems reading bar codes or to insure that every item was scanned. Personally I find the traditional checkout much faster.
A better article would be to talk about the evolving role of man\machine interfaces and how many new industries are being created that balance out the work being replaced. I would rather program a machine for $70k a year than snap one together for minimum wage.
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The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.
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