“…I chose Lake Michigan because its size, in fluid ounces, is roughly the same as the computing power of the human brain measured in calculations per second.”
(see cool animation in the link below…)
Welcome, Robot Overlords. Please Don’t Fire Us?
Smart machines probably won’t kill us all—but they’ll definitely take our jobs, and sooner than you think.
“What are the signs of a computer-driven economy?
1) First and most obviously, if automation were displacing labor, we’d expect to see a steady decline in the share of the population that’s employed.
2) Second, we’d expect to see fewer job openings than in the past.
3) Third, as more people compete for fewer jobs, we’d expect to see middle-class incomes flatten in a race to the bottom.
4) Fourth, with consumption stagnant, we’d expect to see corporations stockpile more cash and, fearing weaker sales, invest less in new products and new factories.
5) Fifth, as a result of all this, we’d expect to see labor’s share of national income decline and capital’s share rise.
These trends are the five horsemen of the robotic apocalypse, and guess what? We’re already seeing them…”
Exciting times. Hard to say whether to be optimistic or pessimistic. Probably it will all work out and best to focus on 2013!
How Technology Is Destroying Jobs, MIT Technology Review
By David Rotman on June 12, 2013
“Then, beginning in 2000, the lines diverge; productivity continues to rise robustly, but employment suddenly wilts. By 2011, a significant gap appears between the two lines, showing economic growth with no parallel increase in job creation. Brynjolfsson and McAfee call it the “great decoupling.””