How would future economies work when 90% of jobs are replaced by robots/computers?

Sig said:
So taking classes, learning new fields/skills/languages, researching/pushing the boundaries of what we know, teaching, traveling, making the world a better place/volunteering...None of that does anything for you? I would think the world would seem a very bleak place with that perspective.
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I'm afraid yes, but I am depressive so don't take my word for it as the gold standard. All you mention are wonderful as adjuncts, but if all I had was to travel the world, I'd rather not be here.

That said, sailing the South Pacific is on my bucket list. Even as a crew member, as long as it's on a sailing yacht. :)

P.S. You will never know how perceptive your comment really is.
 
Sig said:
So taking classes, learning new fields/skills/languages, researching/pushing the boundaries of what we know, teaching, traveling, making the world a better place/volunteering...None of that does anything for you? I would think the world would seem a very bleak place with that perspective.
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Sorry to double dip on the response. Space travel like Star Trek, yes. Earthbound? At my peak I got on a plane 3.3 times a week on average. Nowadays, I look for every excuse not to get on a plane.
 
justrading said:
Sorry to double dip on the response. Space travel like Star Trek, yes. Earthbound? At my peak I got on a plane 3.3 times a week on average. Nowadays, I look for every excuse not to get on a plane.
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Fair enough. On the sailing side, you might PM me and we could talk about that. I'm pretty big into sailing with an around the world trip on my bucket list as well, although not for a while. However it's easier than you might think to hook up with a boat as a crew member, so if you're interested I could provide a couple pointers. I'm talking 40-50' private sailboats with probably a couple and you on board so you'd be taking watches sailing the boat, not cleaning decks on a megayacht.
 
Sig said:
Fair enough. On the sailing side, you might PM me and we could talk about that. I'm pretty big into sailing with an around the world trip on my bucket list as well, although not for a while. However it's easier than you might think to hook up with a boat as a crew member, so if you're interested I could provide a couple pointers. I'm talking 40-50' private sailboats with probably a couple and you on board so you'd be taking watches sailing the boat, not cleaning decks on a megayacht.
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Will do, but not right now, in the next day or two. I like the idea you mentioned, a friend suggested the same but getting a masters cert first. I can't, I'm colour blind (blue and red candles :D). I'd need to brush up on my sailing skills, but I have an open invitation to head down to Phuket for that so no worries.

Not for a while works for me. I have other stuff I want to do first. But sailing the South Pacific, yeah, that's something I'd like as a last memory.
 
justrading said:
The answer to your question is a long story, since the basic concept is alien to you. I don't mean that as an insult, I often need things explained to me because of my very strong paradigms. People who have no self-belief can't trade, unfortunately, for me at least, that comes with baggage.

Look beyond the intro, which is designed to capture attention. The meat is very late in the piece, burying the lead as it were.

Cheers.

http://www.bangkokpost.com/opinion/opinion/1173017/trumps-jobs-plan-faces-uncertainty
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yeah well, I don't feel like reading any article, why don't you just explain where the money comes from?
 
Humpy said:
I would not like to be 20 something and looking for a job again.
Spain for instance has a 40+% unemployment rate for the young. It is tough to get a job and getting tougher. It used to be a job for life. But no more. If you are lucky enough to get a job you will probably be working for a rich man who wouldn't hesitate to employ cheaper labour or replace one with a robot. Become self employed or an employer.
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Or at least even if you are working for somebody else, always think of yourself as an entrepreneur because you are in fact the sole proprietor of your business which is selling your labor or skills to somebody else who is probably your employer.
 
ET180 said:
I see guaranteed basic income becoming a reality at some point in order to avoid social chaos. The world is kinda headed towards more socialism anyway. For motivated people (the Steve Jobs and Bill Gates of the world of whom money is a secondary consideration to creating something great), this could actually be a good thing as they will be able to take more risks and spend more time working on moonshot projects. But for most people, they'd probably just sit around and do less of benefit to society.
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I agree but I don't think it needs to be "socialism" as in government controlled or owned. A privatized property interest similar to a trust fund could be established for citizens that like a trust fund vests at 21 yrs old. Right now it appears the game plan is to expand the earned income tax credit.
 
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